HOWARD COUNTY, MD — Highschool college students from that Purposes and Analysis Laboratory in Ellicott Metropolis earned first runner-up honors on this 12 months’s Nationwide Private Finance Problem. Competing groups showcased their understanding of a vital life ability: how one can handle cash, whether or not you’ve got a whole lot of it or not a lot in any respect.
Almost 10,000 college students from greater than 350 colleges competed throughout the USA within the NPFC this spring. The competitors showcases college students’ potential to make use of their data to evaluate a household’s monetary state of affairs and current a plan together with incomes, spending, saving, utilizing credit score and investing.
The Ellicott Metropolis group’s second-place win extends a Maryland profitable streak began final month when Mt. Hebron Excessive Faculty swept groups from round the USA to win all ranges of CEE’s Nationwide Economics Problem, wherein college students reveal mastery of financial rules. Crew members are Nathaniel Sager, Robby Schroeder, Noah Hoffman and Alice Jacob.
In 21 states, highschool college students are required to take a course in private finance, in accordance with CEE’s biennial. In different states, private finance abilities that many used to take as a right – creating budgets, understanding curiosity, credit score and goal-setting – might not even be on the agenda.
Organized by the Council for Financial Training with assist from the Nebraska Council for Financial Training, this 12 months’s competitors was held solely on-line as a result of coronavirus pandemic.