Kelowna-area grads give schools high marks and feel better prepared for financial future

    KELOWNA, BC, Feb. 28 /CNW/ - In a survey released today, recent
Central Okanagan School District high school graduates rate their preparation
for post secondary above the provincial average, rank quality of teaching as
their number one high school experience, and are demonstrating signs of
improved knowledge in financial life skills.
    "This year's survey shows that our teachers and staff are doing a good
job of preparing students for life after high school," says Norm Bradley,
Director of Instruction, School District No. 23. "It also tells us there is
work to do in some areas, particularly in working with the community to give
students real-world work experience, and in teaching students how to manage
their financial future."
    The revamped 2007 Graduate Outcomes Survey, now in its thirteenth year,
identified how well Kelowna-area graduates felt their education had prepared
them for life, work, post-secondary education and managing their finances.
Graduates from 2005 and 2007 participated in the survey that featured 13 new
questions aimed at assessing their financial life skills that the
British Columbia Securities Commission (BCSC) helped to develop.
    The BCSC, which provides a resource for B.C. teachers to teach
Planning 10: Finances, saw the annual survey as an opportunity to work with SD
No.23 in order to understand if financial life skills education in high school
better prepares youth to navigate through the financial realities of
    "The BCSC is glad to have formed this new partnership that allows us to
gauge the impact of Planning 10: Finances," says Patricia Bowles, BCSC
Director, Communications and Education. "Although graduates still say they are
not satisfied with how high school prepared them to manage their finances, the
fact those who received financial life skills education are saying they feel
better prepared to manage their finances tells us Planning 10 is having an

                   2007 Graduate Outcomes Survey Highlights

    -   During their high school program, most (94 per cent) of the
        respondents had received information about post secondary
        institutions. Most (86 per cent) had also received information about
        the choices of programs.
    -   Graduates rated their satisfaction with the quality of teaching the
        highest (81 per cent).
    -   Graduates say they are generally not satisfied with their high school
        preparation for managing finances. However, 2007 graduates reported
        learning more in high school about managing finances than did the
        2005 graduates. Planning 10: Finances, taken by 2007 graduates, may
        account for the increased learning.
    -   Satisfaction with learning activities in the community remained the
        lowest rating (45 per cent).
    -   Of those who reported having written a transitional financial plan,
        73 per cent were 2007 graduates and 27 per cent were 2005 graduates,
        and only 23 per cent of the 2005 graduates had written a financial
        plan, compared to 47 per cent of the 2007 graduates.
    -   While almost all graduates said that they were saving money, a higher
        percentage of 2007 graduates were actually doing so. Most commonly,
        graduates were saving for school or long-term needs.

    The telephone survey of former SD No.23 graduates yielded a sample of
318 graduates from 2005 and 2007. The sample of graduates from the five SD No.
23 high schools is proportionately representative of the graduation population
over the two years. The full survey is available at or

    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. If you have questions,
contact Ken Gracey, Media Relations, 604-899-6577.

    Learn how to avoid investment fraud at the BCSC's investor education

For further information:

For further information: Ken Gracey (604) 899-6577 or (B.C. & Alberta)

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