Pretty soon, some area high school students will have something their parents lack: a financial plan.
Junior Achievement and the CFA Society of Pittsburgh are teaming up with the co-author of a book on financial literacy and two local universities to offer high school students a course on how to manage their finances.
The course, based on a five-class course JA already uses, will be taught either by a high school teacher or a volunteer from the CFA Society. As part of it, students will prepare a five-year financial plan that will include information on possible career choices, what kind of education they will need and how much they can expect to pay — and borrow — for school, as well as what to do about credit cards and other forms of debt.
The financial plans will be critiqued by business school students from the University of Pittsburgh and Duquesne University.
“If you’re a principal or high school teacher, you’re hard pressed to think of a subject that impacts 100 percent of your students, but this one does. One hundred percent of them make choices about money,” said Gene Natali Jr. of C.S. McKee, a Downtown investment firm.
Mr. Natali and his high school friend, Matt Kabala, co-authored “The Missing Semester,” a short, breezy primer on financial planning that will be required reading for the course. Mr. Natali has spoken on the topic at several local high schools and colleges since the book was published in 2012. Junior Achievement and the CFA group run educational programs for high school students and contacted Mr. Natali about teaming up.
Len Boselovic: email@example.com or 412-263-1941.