KELOWNA, BC, June 23, 2011 /CNW/ - Central Okanagan School District
graduates who took hands-on training programs were more likely to say
that their high school had done a very good job of prepping them for
life after school, and a majority agreed that learning about money in
school was relevant and helping them to manage their finances. These
are some of the findings released today in a School District No. 23
survey of its graduates.
This year's survey found that the majority of graduates (64 per cent)
feel that their high school education did a good job in preparing them
for life after school. Furthermore, those who had the opportunity to
learn about careers, or received training, were more likely to say
their school had done a very good job.
"Former students are telling us that work experience and trade programs
really made their high school experience worthwhile," said Norm
Bradley, Director of Instruction, SD No. 23. "As a district, we strive
to meet student needs with courses and programs that will allow them to
land on their feet once they've graduated."
Since 2004, Grade 10 students in B.C. have been taking a mandatory
course called Planning 10 that includes a Finances section, and the
British Columbia Securities Commission provides a free multimedia
resource for those who teach the course.
The Graduate Outcomes Survey assesses the life skills of recent
Kelowna-area graduates as well as their high school experience in
allowing them to manage their finances. Partnering with SD No. 23 on
the survey, is also an opportunity for the BCSC to understand if
financial life skills education in high school better prepares youth to
navigate through the financial realities of adulthood.
This year's survey found that the majority of graduates recall taking
Planning 10: Finances, with 79 per cent agreeing that the course was
relevant, and 62 per cent agreeing that they are using the skills they
learned in the course to help manage their finances.
"We are glad to see that a majority of students understand the basics
about savings and debt, recognizing that this course helps them manage
their money after graduation," said Patricia Bowles, BCSC Director,
Communications and Education. "However, the survey also tells us there
is much more work to be done in terms of teaching young adults about
investments and the principles associated with investing wisely."
2011 Graduate Outcomes Survey highlights
Despite where they are in life, most graduates (91 per cent) agree that
their transition from high school has been successful. However, career
preparation and learning options top the list (eight per cent) of
things that could better prepare students for life, work, or post
Parents (44 per cent) top the list of those who influence graduates'
career or educational aspirations. Teachers were second at 14 per cent,
while friends and self-motivation were third at seven per cent.
Very few graduates owe money (18 per cent). Among those that do have
debt, 94 per cent say they have a plan to pay it off. Not surprisingly,
most owe money toward a student loan.
Overall, 97 per cent of respondents agree that it's important to build
up personal savings and investments, and 51 per cent have a budget, a
financial plan, or both. Furthermore, 91 per cent are confident they
know where to look to learn more about managing their finances.
The biggest weakness was the graduate students' knowledge about
investing. The majority (79 per cent) were unable to answer all three
of the knowledge testing questions.
The telephone survey of former SD No. 23 graduates resulted in a sample
of 365 graduates between Dec. 30, 2010 and Jan. 5, 2011 from six high
schools within the school district. The estimated margin-of-error for
the over sample is ± 5.3 per cent, 19 times out of 20. In this survey,
all of the graduates had taken Planning 10: Finances.
The full survey is available at www.sd23.bc.ca or www.InvestRight.org.
School District No. 23 mission: To educate students in a safe, inspirational learning environment where
every student develops the knowledge and skills to be a lifelong
learner and a healthy productive member of our global society.
The City: Financial Life Skills for Planning 10 is part of a number of investor education programs offered through the
BCSC InvestRight program. The BCSC is the independent provincial
government agency responsible for regulating trading in securities
within the province.
SOURCE British Columbia Securities Commission
For further information:
For comments or questions, contact:
Norm Bradley, Director of Instruction, SD No. 23, 250-860-8888
Hugh Gloster, Superintendent, SD No. 23, 250-860-8888
Richard Gilhooley, British Columbia Securities Commission, 604-899-6713