Utah Council on Financial & Economic Education
The Utah Council on Financial and Economic Education (UCFEE) was established by legislative resolution (SCR 3) in 2009 to ensure improved financial and economic education in Utah through the collaboration of private and public entities that engage in teaching financial principles and share a commitment to empower individuals and families to achieve economic stability, opportunity, and upward mobility. The Utah Council on Financial and Economic Education works to:
- Advocate for and strengthen financial education requirements and programming within the public education system.
Local and national studies have found that students who take a financial literacy course have greater financial knowledge and improved behavior during their lifetime. Proper financial education teaches our youth critical financial concepts, and our robust and specific competency-based standards set us apart as the leader in the space. The state mandate requiring students to complete a financial literacy course in order to graduate equips more students with the knowledge and skills they need to make informed financial decisions and establishes a framework for Utah schools to provide quality financial education to students. A primary objective of UCFEE is to defend and strengthen Utah’s K-12 financial education requirements.
- Identify and support programs that empower individuals and families to achieve economic stability, opportunity, and upward mobility.
UCFEE identifies and supports programs that enhance the financial capability of Utahns. The council has the greatest impact by focusing its limited resources on specific, goal-oriented initiatives.
- Promote collaboration among UCFEE partner organizations.
UCFEE stands as a singular, neutral, and official convener to facilitate ongoing collaboration among partner organizations, fostering an awareness of existing resources and initiatives that promote financial wellness in Utah. This awareness can enhance the effectiveness of individual efforts and the overall financial wellbeing of Utahns.
UCFEE is chaired by the state treasurer and includes participation by more than 50 private and public entities that share a common mission to increase the financial capability of Utahns. UCFEE participants represent various specific interests that support consumer financial capability in Utah, including those of government, education, financial, social, religious, housing, retirement, women and family, investment management, media, and more.
my529 – Utah’s Educational Savings Plan
Utah’s official my529 educational savings plan may help grow your child’s educational dollars and offers you a beneficial tax incentive. my529 is a “direct-sold” 529 plan. Contributions are commission-free.