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A man in a suit speaking into a microphone in front of a blue backdrop and an American flag
InformED ReportHigher EducationK-12Education Policy and GovernmentStudents

InformED Report 11/10/16

by EdCircuit Staff November 10, 2016
written by EdCircuit Staff 5 minutes read

Play video: The InformED Report: Episode 7 (1 minute 37 seconds)1:37

The InformED Report: Episode 71 min 37 sedCircuit on Vimeo

Donald Trump’s victory in the presidential election on November 8, 2016 was widely unexpected, and education reporters spent the next day working out what it could mean for schools and colleges. The InformED Report for November 10, 2016 looked at what the result might change for families paying for college and for federal education policy, and at the protests that broke out on college campuses and in at least one large California high school the day after the vote.

In this edition

  • Money advised families that the short-term effect of the election would be felt mainly in the markets and college savings, with larger changes to student loans possible later.
  • Trump advisers had discussed taking the federal government out of student lending, and his calls for less regulation pointed to lighter oversight of for-profit colleges.
  • The Atlantic expected more power to shift to states, a push for school choice, and a smaller federal Education Department.
  • About 1,500 students, half of Berkeley High School, walked out of class, and protests spread across college campuses.

What the election could mean for college costs and federal policy

Writing the morning after the vote, Money’s Kim Clark, Greg Daugherty and Kaitlin Mulhere told families that in the short term, not much would change. Until the inauguration in January 2017, the main effect would be on financial markets and college savings. Families saving through a 529 plan in an age-based portfolio, which held about 80 percent of 529 assets, were somewhat protected, while money in individual stocks, bonds and mutual funds would rise and fall with the market. The New York Times reported that U.S. stock futures had plunged 5 percent overnight before recovering nearly all their losses once trading began.

The longer-term changes could be larger. Sam Clovis, the Trump campaign’s national co-chair and policy director, had discussed handing federal student lending to banks and other private lenders, and had suggested charging students different interest rates based on their expected earnings. Trump had proposed an income-based repayment plan capping payments at 12.5 percent of income for 15 years, said he would push colleges to cut costs, and repeated his wish to eliminate the Education Department, an idea most experts considered far-fetched. Money also noted that his stated desire to reduce regulation could mean less oversight of for-profit colleges, and that shares of several large for-profit companies rose between 4 and 10 percent on the morning after the election.

For K-12 schools, The Atlantic’s Emily DeRuy laid out what was likely. Closing the Education Department entirely seemed highly unlikely, she wrote, but its scope could be scaled back sharply, and with Republicans controlling the White House and both chambers of Congress, more decisions were likely to move to states and districts. Trump had proposed $20 billion for school choice, and a federally backed voucher program had a real chance of advancing. “You’re going to see Trump making a push for parental choice,” said Gerard Robinson of the American Enterprise Institute. DeRuy added that Trump’s pledge to “repeal” Common Core was not something a president could do, since the standards were adopted by states, and that the Obama administration’s pending rules under the Every Student Succeeds Act looked unlikely to survive.

For district leaders, the practical advice at the time was to watch rather than react. Very little of what was said in the campaign had become policy, and the education secretary had not been named. Districts with budgets built on federal grants, and states still writing their ESSA plans, had reason to follow the transition closely and to expect more of the decisions to land with them.

Students walk out after the election

Protests began on campuses as the results came in. The Washington Post’s Susan Svrluga reported that students at colleges across the country, especially on the West Coast, took to the streets that night. John Baughman, an associate professor of politics at Bates College, noted that college students belonged to the most Democratic-leaning of all age groups, after a decade of generational shift toward the party.

High school students followed the next morning. The Los Angeles Times reported that at Berkeley High School, about 1,500 students, half the student body, walked out after first period began at 8 a.m., according to Berkeley Unified School District officials. Reuters reported that students and teachers rallied in the school’s courtyard before marching toward the University of California, Berkeley, carrying signs and using the hashtags #NotMyPresident and #BHSWalkout. One student told the rally that people of color feared discrimination and that immigrant families now worried about deportation.

For principals, the walkouts raised questions every school faces after a divisive public event: how to keep students safe when they leave campus, how to respect their right to speak, and how to support those who come to school afraid. Schools that had thought through those questions in advance were better placed to answer them on the day.

Sources

  • Kim Clark, Greg Daugherty and Kaitlin Mulhere, “What Trump’s Election Means for College Students and Parents,” Money, November 9, 2016.
  • Landon Thomas Jr., “Stock Markets, Initially Shaken, Edge Higher After Trump Victory,” The New York Times, November 9, 2016.
  • Emily DeRuy, “Donald Trump and the Future of Education,” The Atlantic, November 2016.
  • Joseph Serna and Matt Hamilton, “Trump victory sparks student walkout at Berkeley High School, angry protests across California,” Los Angeles Times, November 9, 2016.
  • Susan Svrluga, “Mobs of tearful, angry students protesting Trump victory swarm college campuses,” The Washington Post, November 9, 2016.
  • “California high school students walk out of classes in Trump protest,” Reuters, November 9, 2016.

About the InformED Report

The InformED Report is edCircuit’s short news program on education. This edition first ran on November 10, 2016. In 2026, edCircuit re-presented it with a new anchor and this full written account. Both report the stories as they stood on that date and link the original reporting, so readers can see exactly where each claim came from.

Subscribe to edCircuit to stay up to date on all of our shows, podcasts, news, and thought leadership articles.

November 10, 2016 0 comments
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A retro typewriter featuring a 'NEWS' headline typed on white paper against a wooden surface
InformED Report

InformED Report 10/27/16

by EdCircuit Staff October 27, 2016
written by EdCircuit Staff 6 minutes read

Play video: The InformED Report: Episode 2 (2 minutes 19 seconds)2:19

The InformED Report: Episode 22 min 19 sedCircuit on Vimeo

In September 2016, a Houston Chronicle investigation reported that Texas had for years held the share of students receiving special education to a target far below the national rate. The InformED Report for October 27, 2016 led with that story and the reaction to it. It then looked at how little education featured in the first presidential debate, and at new federal figures on student loan defaults at for-profit colleges, alongside Senator Elizabeth Warren’s criticism of how the Education Department was treating former Corinthian Colleges students.

In this edition

  • The Houston Chronicle reported that Texas officials had set an 8.5 percent benchmark for special education enrollment, far below the national average of about 13 percent.
  • Education received only fleeting mentions in the first presidential debate and remained a second-tier issue in the campaign.
  • Students at for-profit colleges accounted for 35 percent of federal student loan defaults while making up 26 percent of borrowers.
  • Senator Warren said nearly 80,000 former Corinthian students were being pushed into debt collection.

How Texas kept children out of special education

Brian M. Rosenthal’s investigation for the Houston Chronicle found that, starting in 2004, unelected officials at the Texas Education Agency set a benchmark of 8.5 percent for the share of students who should receive special education services, and then audited districts that served more. The policy was never publicly announced or explained. Districts above the line were asked to file “corrective action” plans for lowering their special education populations. The paper reported that Texas reached 8.5 percent for the first time in 2015, down from about 12 percent a dozen years earlier, while the national average stood near 13 percent.

The Chronicle told the story through families such as Heidi Walker, who had told administrators at her son’s school in Humble that her 5-year-old had been diagnosed with a disability similar to autism, months before a kindergarten meltdown at recess showed how much help he needed. Federal law has required public schools to serve every eligible child with a disability since 1975. By the paper’s estimate, if Texas served students at the national rate, 250,000 more children would be receiving services such as therapy, counseling and one-on-one tutoring. Writing in The Washington Post, Valerie Strauss summarized the finding that the effort had saved the state billions of dollars while denying support to children with autism, dyslexia, epilepsy, mental illness, speech impairments, and even blindness and deafness.

The state disputed the account. The Texas Education Agency said 8.5 percent was an “indicator,” not a mandated goal, and that it did not punish districts that exceeded it. Even so, Education Commissioner Mike Morath said the agency would review its special education program, and House Speaker Joe Straus said he would work with the agency on the problem. According to the Chronicle, no other state had limited special education in this way.

For special education directors anywhere, the story raised a hard question about what drives identification. A district’s obligation to evaluate a child it suspects has a disability comes from federal law, not from a state target or a budget line, and an enrollment figure that looks low can hide children who were never assessed.

Education’s small place in the presidential debate

Politico’s Michael Stratford counted only fleeting mentions of education in the first debate between Hillary Clinton and Donald Trump. Clinton raised it most often. She twice mentioned “debt-free college” as part of her economic plan, pledged to invest in education for middle-class workers, and promised to help people refinance college debt at a lower rate. She also suggested that if Trump paid no federal income tax, he contributed “zero for schools.” Trump said the country needed new schools, along with hospitals and airports, but that “we don’t have the money because it’s been squandered on so many of [Clinton’s] ideas.”

Business Insider’s Abby Jackson described education as a second-tier issue in the 2016 election, with both nominees spending most of their time on national security, trade and an email scandal. In Trump’s case, education still followed him through the lawsuits brought by former students of Trump University. For school leaders trying to read the campaign, the debates gave few specifics. The candidates’ written plans, rather than their stage remarks, were the better guide to what either administration might do.

For-profit colleges and student loan defaults

New Education Department data, reported by Lucinda Shen in Fortune, showed that students at for-profit colleges accounted for 35 percent of federal student loan defaults in the three-year period beginning in 2013, down from 44 percent two years earlier. Those students made up just 26 percent of all borrowers. The measure counted borrowers who had missed payments for 360 consecutive days. The release came as the department was tightening its oversight of for-profit chains such as ITT Technical Institute, DeVry, Corinthian Colleges and Brown Mackie College.

Senator Elizabeth Warren of Massachusetts drew attention to what happened to students after a college failed. Common Dreams reported that, in a letter to Secretary John King, she said the department’s student loan bank was pushing nearly 80,000 former Corinthian students into some form of debt collection, despite assurances that they would be eligible for loan discharges. “It is unconscionable that instead of helping these borrowers, vast numbers of Corinthian victims are currently being hounded,” she wrote. CNN Money, meanwhile, offered prospective students a list of questions to ask before enrolling at any for-profit college.

For high school counselors, the default figures were a practical warning. Helping a student compare a program’s cost, completion record and job placement before signing a loan is part of preparing them for what comes after graduation.

Sources

  • Brian M. Rosenthal, “How Texas keeps tens of thousands of children out of special education,” Houston Chronicle, September 2016.
  • Valerie Strauss, “What Texas did to its special education students,” The Washington Post, September 18, 2016.
  • Michael Stratford, “Fleeting mentions of education in first debate,” Politico, September 27, 2016.
  • Abby Jackson, “Here’s where Hillary Clinton and Donald Trump stand on education,” Business Insider, September 2016.
  • Lucinda Shen, “For-Profit Colleges Account for a Third of All Federal Student Loan Defaults,” Fortune, September 29, 2016.
  • Lauren McCauley, “Warren Blasts Dept of Ed. for ‘Hounding’ Students Defrauded by For-Profit School,” Common Dreams, September 30, 2016.
  • Katie Lobosco, “For-profit colleges: 6 things to ask before enrolling,” CNN Money, September 2016.

About the InformED Report

The InformED Report is edCircuit’s short news program on education. This edition first ran on October 27, 2016. In 2026, edCircuit re-presented it with a new anchor and this full written account. Both report the stories as they stood on that date and link the original reporting, so readers can see exactly where each claim came from.

Subscribe to edCircuit to stay up to date on all of our shows, podcasts, news, and thought leadership articles.

October 27, 2016 0 comments
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A detailed shot of a pile of U.S. one-dollar bills showcasing currency and finance concepts
ParentsAdvocatesK-12Financial Literacy

The Importance of Financial Literacy

by Danny Kofke March 16, 2015
written by Danny Kofke 9 minutes read

Danny Kofke, a former elementary school teacher, wrote this column in 2015 to argue that parents have the greatest influence on what children learn about money. A new section after the original text looks at what has changed in schools since then and how parents can put Kofke’s advice to use today.

A study from the National Endowment for Financial Education surveyed 683 adults, aged 18 to 39, and 391 parents of adults in that age range. Forty-two percent of the adults said they are currently receiving or have received financial help from their parents, and 59% of parents said they’ve given it.

I know that many people are hesitant to discuss money with their children — or their spouses/partners, for that matter. I have talked about this with one of my pastors and he told me that people will come to him for help with all sorts of issues ranging from drug abuse to infidelity in a marriage but money issues still remain a taboo topic for a lot of people. I know that many parents are embarrassed by their past money mistakes and do not want to discuss these with their children. I feel the complete opposite—the mistakes are the reasons that we should absolutely discuss this topic with our children. Most kids love it when their parents mess up. They can relate to them a little better. As a parent, if you have made a money mistake, I feel it is a golden opportunity to help your child learn. You see, we all make mistakes. The important thing is that we learn from these mistakes and do not allow them to happen again.

Student Loan Debt and a Lack of Awareness

I first really realized the need for teaching financial literacy during the Occupy Wall Street Movement in the fall of 2011.  I heard some in this movement were blaming “evil” corporations and CEOs for bad job prospects. Some recent college graduates had upwards of $50,000 in student loan debt, some much more, in fields where the prospect of finding a well-paying job is not likely for many. This is why many young people were angry—they had all this debt and a college degree but could only find a job as a barista at a coffee shop that paid next to nothing.

To further illustrate this point, there was an editorial written in a major city’s newspaper from a local hometown young woman. She attended a four-year college-preparatory private girls’ Catholic high school and then went on to earn degrees from two universities.

Upon graduating from college, she owed over $180,000 in student loan debt! She continued by acknowledging that the debt is her responsibility but she was able to accumulate this huge debt through a combination of factors including a lack of awareness. She now works two jobs and has a strict budget. Despite working more than most of us, she still lives with her parents because she cannot afford to have a place of her own. She feels as if she followed society’s expectations, earned an education and is employed. Even though this is the case, she can barely afford to buy a meal out. She concludes that due to reckless neglect, student loan debt will be the financial ruin of her generation.

What a horrible situation to be in. After doing what she thought (and was probably told) was the correct course to follow, this young woman now realizes the errors of her decisions. It is too late for her to go back in time and follow a different path, but it is not too late for your child!

Money Management Missing From the Classroom

After reading about her and others who are in a similar situation, I started to think about how we teachers (I was an elementary school teacher for 14 years) educate our students in money management. Looking back on my career I realized something awful—we don’t! That’s right, we will educate our youth on the characters in Beowulf or have them memorize the periodic table — things that many of us will never use outside of a high school classroom — but do not teach them how to balance a checkbook or create a budget.  If you want your child to have a healthy relationship with money, and if you do not want to end up like the 59% of parents who support their children into adulthood, it is up to you to teach the financial skills necessary to ensure this happens.

Even though we adults are not teaching our youth about money, they are still learning about this topic from a horrible teacher—advertisers. According to the American Academy of Pediatrics, the average American child sees almost 40,000 commercials every year! Since 1983, the annual amount of television advertising directed at kids has skyrocketed from just $100 million to more than $15 billion according to Juliet Schor, author of “Born to Buy: The Commercialized Child and the New Consumer Culture.” Companies spend large sums of money promoting their products and brands to kids for one reason—it works. Many kids can hum and sing commercial jingles by the time they turn three. By the time children reach age seven, they can recognize many companies’ advertising logos and brand names.

Many of us develop our personal financial habits during our youth and these habits are similar to those of our parents. Adults who spend like there is no tomorrow and don’t save for the future usually have children who are masterful at spending but horrible at saving.

Parents as the Greatest Influence

As parents, most of us want our kids to have it better than we do. In order for that to happen, you have to take an active role in teaching your child how to manage money, because as I have just shared with you—they are not learning this anywhere else. Surveys show that parents, not teachers, have the greatest influence on a child’s financial literacy. Even though this remains a tough time for some, it is also a golden opportunity to make a lasting impact for the future of our country. We cannot change the past; but we can learn from our mistakes and make sure our children do not make the same errors.

One of my favorite quotes is from Frederick Douglass.  He said, “It is easier to build strong children than to repair broken men.”  Let’s get to work building!

The opinions expressed here are solely those of Danny Kofke.

Financial literacy for parents in 2026: what schools now teach and what still falls to the family

Danny Kofke’s column above makes a case that financial literacy for parents is a responsibility they cannot hand to a school. Kofke wrote in 2015 that classrooms were not teaching budgeting or debt, and that children were learning about money from advertisers instead. A good deal has changed in schools since then, and the changes make Kofke’s point easier to act on.

What has changed in school

The clearest change is in state requirements. A March 2026 article from the retirement company Empower, citing the Council for Economic Education’s biennial Survey of the States, reports that 39 states require high school students to take some coursework in personal finance before graduating. The same article reports that about 30 states require a stand-alone personal finance class of at least one semester, a figure it attributes to Next Gen Personal Finance and calls approximate. The two numbers differ because they count different things. The larger one includes states that teach personal finance inside economics or social studies, and the smaller one counts only a separate course. A parent who wants to know what a child will actually receive should ask the school which of the two applies there.

The same article cites research on why states are acting, and the studies come with limits that parents should know. It reports that one study, cited by CNBC, found that students who took a personal finance course tended to have higher credit scores and lower rates of debt delinquency as young adults. It also reports, with a reference to the Federal Deposit Insurance Corporation’s Money Smart for Young People, that students whose teachers have substantive preparation in personal finance score three times higher on financial knowledge assessments than peers taught by untrained instructors. Both findings describe differences among groups of students. They do not show that a single course will change one child’s habits.

Why the home still matters

Kofke relied on surveys to say that parents have more influence than teachers on a child’s financial literacy. The new requirements leave that influence in place, because a course meets for a semester while a household shows its approach to money every day. A student who learns what a credit score is in class still watches how a family handles a bill, a purchase or a bad month. The class and the home work best when they say the same things.

Kofke also asked parents to talk about their own money mistakes, and that suggestion applies to any family. Many parents hesitate because the subject feels private or embarrassing. A parent does not need to share an income or a balance to explain why a loan has interest, why a late payment costs more than the payment, or why a purchase was regretted.

Starting the conversation

For parents who want a practical way to begin, a few steps fit most families.

  • Ask the school what personal finance instruction is offered, in which grade, and whether it is a separate course. Teachers and counselors can usually answer this in a short email.
  • Choose one real decision a month to discuss aloud with a child, such as comparing two prices, planning a purchase or setting aside money from a gift.
  • Give children small amounts of money to manage, so that a mistake is cheap and the lesson is clear.
  • Talk about advertising directly. Kofke noted how much advertising is aimed at children, and asking a child what an advertisement wants them to do builds a habit that lasts.
  • Explain, at a level the child can follow, how the family thinks about borrowing, including student loans, since Kofke’s column was prompted by graduates struggling with debt.

Educators who want more can read edCircuit’s articles on the importance of financial literacy in schools, on why money education matters and on financial literacy programs in higher education. School leaders deciding how to support families can send home the same questions listed above, so that parents know what the school teaches and what is left for the household.

Kofke closed with a quotation about building strong children, and it points to the right place to start. Many children will now also take a personal finance course, and a parent who has already talked about money at home will find that the course has something to build on.

Related reading

  • The Importance of Financial Literacy in Schools
  • The Rise of Financial Literacy Programs in Higher Education
  • Financial Literacy Month: Why Money Education Matters
March 16, 2015 0 comments
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