Hampton University has won the first-of-its-kind HBCU Financial Literacy Bowl! The Financial Literacy Bowl is a two-phased competition that trains college leaders to teach their peers about personal finance.
The first round of the Society for Financial Education and Professional Development’s (SFEPD) inaugural HBCU Financial Literacy Bowl was held virtually. The top three HBCU teams had four students each and competed in a final-round live competition on October 24 at SFEPD’s 15th Annual Financial Literacy Conference at the National Harbor in Maryland. Hampton won first prize in the competition, Tuskegee University won second place, and Southern University and A&M College won third. All of the winners received monetary prizes.
Hampton posted about the win on Instagram: “Hampton University won first prize during the Society for Financial Education and Professional Development (SFEPD) first-ever HBCU Financial Literacy Bowl, this past November. Initially open to all 36 SFEPD Student Ambassador Programs, teams from each participating HBCU competed in a two-phased competition. The students competed based on what they learned about financial literacy through the Student Ambassador Program, which trains college leaders to teach their peers about personal finance.”
The competitors were asked questions about topics including loan management, budgeting, credit, and investing. “SFEPD teaches HBCU students financial skills that encourage economic success,” Ted Daniels, president and founder of the educational nonprofit, said. “SFEPD’s Financial Literacy Bowl served as an interactive and engaging platform to increase college students’ financial knowledge and savviness.”
The National Endowment of Financial Education (NEFE) sponsored the HBCU Financial Literacy Bowl. “The bowl would not been possible without NEFE’s collaborative support,” Daniels said. “NEFE was a terrific partner in helping SFEPD launch its first college bowl at SFEPD’s annual conference attended by over 200 educators and financial experts.”
(Cover photo: Hampton Society for Financial Education and Professional Development/Photo credit: Instagram)