FILIPINO students will soon get an early start in financial literacy.
This after the Department of Education (DepEd) announced on Tuesday that the first batch of senior high school’s (SHS) grade 11 students will have learned financial management and investment by the time they graduate.
As a member of the National Strategy for Financial Inclusion (NSFI) steering committee, DepEd takes incorporates various initiatives, including a financial literacy program for the first two batches of SHS graduates, the integration of financial education and consumer protection in its K-to-12 curriculum, a training program on financial literacy especially designed for teachers, and financial inclusion mechanisms for students and schools in urban and remote rural areas.
The NSFI is a multi-agency initiative toward financial inclusion through policy and regulation, financial education and consumer protection, advocacy programs, and progress monitoring.
Expecting to have employable high school graduates in two years, DepEd Undersecretary Dina Ocampo deemed it timely and important to begin the department’s involvement by developing a series of financial literacy modules for SHS students.
These modules are to be implemented in one- or two-hour sessions once a week. Directly benefiting from these would be the graduates who decide to start a business or pursue employment after high school.
DepEd’s financial education curriculum will be based on Organization for Economic Co-operation and Development’s (OECD) Programme for International Student Assessment (PISA) financial literacy assessment framework, and will be integrated into the K to 12 subjects that teach related competencies, such as Edukasyong Pantahanan At Pangkabuhayan (EPP) and Technology and Livelihood Education (TLE).