Announcing the Retirement of NEFE's Educational Programs
Financial education has come a long way since NEFE launched its first resource in 1984. With so much change in the financial and technological landscape over the past four decades, we understand the importance of adapting to the evolving needs of our field.
With the development of our 2019-2024 strategic plan, we’ve critically considered where our efforts are most needed. To that end, our intention over the next year is to transform NEFE into an institute that advances high-impact scholarly research and facilitates collaboration with practitioners, advocates and policymakers.
To successfully devote more of our resources to this kind of leadership, we have made the decision to retire the Smart About Money website at the end of the 2020-2021 academic year.
Smart About Money has demonstrated tremendous reach during its tenure. In 2019, more than 668,000 individuals used the site, with more than 318,000 accessing the courses. We know retiring the site is going to come as a surprise to many loyal users. While it may not seem like it now, this is a positive sign for the financial education field that we are able to come to the decision to end Smart About Money. It means that ample options exist for people to build their knowledge and skills in personal finance. This decision also allows NEFE to pursue other critical initiatives to help advance the field towards excellence.
We want to assure you that we are here for you through next summer and that we are letting you know now so that you have as much time as possible to plan for Smart About Money’s retirement.
We are committed to keeping everything on the Smart About Money website available until July 31, 2021. After that date, the Smart About Money website will be taken down and no longer will be available. This includes the SAM Says newsletter and SAM on-the-go texts, which will retire before July 31, 2021. You can download resources from the Smart About Money website between now and then; however, courses cannot be downloaded. We encourage you to begin planning now for this transition.
There are many comparable programs and websites to Smart About Money available. You might consider checking out the Consumer Financial Protection Bureau (www.consumerfinance.gov), a government agency that regulates many consumer financial products and services and has numerous resources for consumers and practitioners. The Federal Deposit Insurance Corporation (FDIC), another independent government agency, provides the Money Smart for Adults financial education program.
Driving Our Mission
Although we are refocusing our work, the core of NEFE’s foundation is not changing. Our drive to support teachers, educators and researchers is still our priority. We are proud of the impact our programs have had for more than 35 years and we celebrate their legacy. Together we will find new and innovative ways to create a nation where everyone has the knowledge, confidence and opportunity to live their best financial life.