Knology and NEFE Launch Fellowship Program To Expand Research Into Financial Education Spending


The scholarship will expand on the results of a preliminary study examining the historical costs of financial education in the United States

NEW YORK, February 15, 2022 (GLOBE NEWSWIRE) – Knology and the National Foundation for Financial Education® (NEFE®) are launching a fellowship program for scholars in the social sciences, education, financial education, public policy and economic theory. A scholarship for the Financial Education Database will be used database, display tooland other resources developed as part of a new research initiative that looks at the historical costs of financial education in the United States. Fellows will use these resources to develop and study research issues related to financial education.

Individuals selected as fellows will participate in a series of workshops that will focus on developing research questions and developing analysis plans that use a database, mapping tool, and other publicly available datasets. It is expected that each fellow will prepare a peer review document, technical report or presentation that can be used at conferences, seminars and other public places. Initially, fellows will work collaboratively within the learning community with other program participants. Later they will have the opportunity to work individually, with other fellows or with external colleagues until the end of the program.

This series of workshops is based on the results of a Knology research project which was funded by NEFE in 2019. The goal of the original project was to create a database of historical spending on financial education in all 50 states from the early 1990s to the present, and to compare and correlate data with human financial health outcomes. It aimed to provide valid data that researchers, policymakers and financial education organizations could use to evaluate and enhance the impact of their financial education policies and proposals. Details of the project are presented in a white paper entitled A new history of investing in financial education in the United States published in 2021.

“Thanks to the work of our team at Knology and our partners at NEFE, we now have the tools we need to answer important questions about how state-wide investment in financial education affects people across the country,” said John Fraser, Ph.D. Philosophy, Knology’s CEO, said in a statement. “We look forward to working with a wide range of experts on this scholarship.”

Knology has officially launched open source database in 2021. The resource, created by Knology, contains information on state powers or financial education legislation for middle and high school students that has been taken from a variety of sources, including previous research, legal documents, and Annual review of the household economy and decision-making of the US Federal Reserve. To help more people use the data, Knology has also launched a program open access data visualization tool which presents U.S. maps with various annual indicators related to financial education and well-being. Finally, researchers have published a resource to help other researchers seeking to use the Federal Reserve Review of household economics and decision making data set in their projects.

“The National Fund for Financial Education is very excited to work with Knology to create this scholarship,” Jill Jones, Ph.D., managing director of NEFE research, said in a statement. “We hope this scholarship will inspire new scholars to explore new topics with this promising new data set. Focusing on new scholars and advancing research in financial education is very important to NEFE, and we look forward to working with fellows in the coming months. ”

To learn more about scholarships and rights, please click on this link. The scholarship is expected to run from April 2022 to September 2022. Application for a financial education scholarship available here.

About NEFE
The National Fund for Financial Education (NEFE) is an independent, centralized voice that provides leadership, research, and collaboration to enhance financial well-being. As one of the first organizations to embark on a mission to fully dedicate its efforts to improving the effectiveness of financial education, NEFE continues its legacy of strengthening action-oriented research programs, mobilizing facilitators and creating better solutions for researchers, educators, practitioners and policymakers. For more information, visit

About the book
Knologia is a research organization in the social sciences that works with nonprofits, businesses, and governments to solve complex social problems. We consult with organizations on the application of research, program development and strategy. We believe that a partnership approach is the key to turning research into a solution. The six thematic areas shape Knology’s work – the biosphere, culture, health, media, behavior and systems. These areas of research link our work to critical phenomena that affect all people and the structures that determine how they function. In each research area, Knology is working on initiatives covering individual projects and partnerships. This interconnected approach enables us to explore issues with nuance and rigor, and to support our partners in implementing evidence-based interventions.

Learn more about how Knology researchers created the database here and here.

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