Duke University Youth Programs: Financial Literacy

Duke University's Youth Programs offer a comprehensive Financial Literacy course designed for middle school students, providing them with essential life skills and financial knowledge that will benefit them now and in the future. This week-long course is perfect for young learners eager to understand the fundamentals of money management and develop a healthy relationship with finances. Interactive Learning Experience The program employs realistic simulations, engaging games, and problem-solving activities to teach practical strategies for managing money. Students will explore a wide range of topics crucial to financial literacy, including: Budgeting: Understanding how to plan and manage personal finances. Money Management: Learning effective ways to handle money responsibly. Saving and Emergency Funds: The importance of setting aside funds for unexpected expenses. Financial Recovery: Strategies for bouncing back from financial setbacks. Spending Decision Making: Making informed choices about expenditures. Investing: An introduction to 401(k), real estate, cryptocurrencies, stocks & bonds, and collectibles. Income Streams: Exploring various ways to earn money. Taxes: Basic tax concepts and their implications. Assets vs. Liabilities: Differentiating between what you own and what you owe. Credit vs. Loans & Debt: Understanding borrowing and its impact on financial health. Credit Scores: Learning how credit scores are calculated and why they matter. Program Details Format: Students can choose to live on campus for a preview of college life or commute from home, offering flexibility in participation. Eligibility: Open to students entering grades 6 through 8, ages 12 to 14. Cost: Ranges from $3,000 to $6,999. Session Start: Begins in June. How to Apply The enrollment process involves two steps: students first apply to the Duke Pre-College program, indicating their interest in the Financial Literacy course. Upon acceptance, they proceed to enroll in their chosen course. This program not only equips students with the tools needed for financial success but also fosters an environment where they can learn through interactive and enjoyable methods. By participating in Duke University's Financial Literacy course, students gain invaluable skills that will help them navigate the complexities of personal finance throughout their lives.