What is the value of Accreditation?
At last count, there were over 1,000 financial literacy education and counseling programs in the United States, but until now there has been no systematic way to know whether any of them are effective. Americans spend millions of dollars each year on education of questionable value – programs that have little regard for the needs of their audience and no follow-up to assess program success. This leaves consumers, funders, regulators and other stakeholders wondering if their investment of time and money were well spent… or wasted.
There is a better way
The Council on Financial Education Accreditation (“CFEA”) provides financial education and counseling organizaions with a framework and consistent set of standards to:
- Conduct meaningful self-evaluations;
- Gather constructive feedback from constituents; and
- Apply results in ways that continuously improve the quality and effectiveness of their financial literacy efforts.