NEFE Financial Education Evaluation Online Toolkit
The NEFE Financial Education Evaluation Online Toolkit helps financial educators document the impact of their financial education programs on learners. Evaluation allows educators, administrators and funding agencies to make decisions about their programs based on objective data. It not only provides information about areas for improvement, but also demonstrates the impact of a course or program on participants.
After creating a free login account, teachers can create and save course evaluations. Users select what kind of evaluation to conduct and the type of impact indicators to include (e.g., Attitudinal, Knowledge). Instructors can create their own questions or select from over 800 questions from a question bank. The assessments can be printed out or instructors can send students a link to take it online. Completed assessments are automatically scored and teachers can view the results online or download them as an Excel spreadsheet. Teachers can create as many evaluations as they like and each can be saved and accessed later.
The NEFE Financial Education Evaluation Toolkit is an invaluable tool to financial literacy educators and financial literacy programs. The framework supports all financial literacy training resources, and allows for pre-, post- and multi-assessments. It provides step by step instructions to ensure instructors understand the need for conducting evaluations and how to create a valid assessment.
Because it’s web-based, instructors can use the content as is or remix and modify it. Results are automatically compiled and graded under the instructor’s account. This feature allows the instructor to analyze individual learner results to ensure they’re understanding the concepts being presented.