Iowa Financial Know-How Challenge offers cash prizes, scholarships to Iowa high schools

Iowa Student Loan, the Iowa Department of Education, the Iowa Jump$tart Coalition, Junior Achievement of Central Iowa and the Iowa College Access Network have partnered to create the Iowa Financial Know-How Challenge. The program focuses on rewarding Iowa high schools that promote financial literacy to its students.

Between now and Jan. 31, 2015, Iowa high schools have the opportunity to win one of 30 $1,000 cash prizes to improve the school’s financial literacy programs and its scholarship fund. To be eligible for the drawing, the high school must register for the Iowa Financial Know-How Challenge and have students participate in the Student Loan Game Plan and ROCI Reality Check.

College-bound seniors who complete the challenge and score among the top 20 on a related assessment will be awarded a $1,500 scholarship to go toward their college education.

“These tools are a two-pronged approach to borrowing for college in a responsible…