Financial Ave Course Evaluations

Longitudinal Study

August 2012

2Confidential.

The following report will provide an overview of students completing Financial Ave Courses. We will show the pre and post test knowledge gain and how the students evaluate the courses they completed. • Inceptia offers six (6) courses within the Financial Ave program. As

of August 2012 and total of n = 7,029 courses have been completed. Shown below is a break out of the number of completions by course.

• Budgeting – 1,535 students• Identify Theft – 1,326 students• Credit Cards – 1,307students• Contracts – 1,272 students• Credit History – 1,241 students• Paying for College – 348 students

Demographics

© 2012 Inceptia

3Confidential.

Knowledge Gain

© 2012 Inceptia

Students who complete Financial Ave courses are required to take a pre test and a post test. Knowledge Gain is defined as the change in score between the pre and post tests.

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Results!The table shows the average (mean) pre and post test scores and the average percent of increase in knowledge score.

Knowledge Gain

© 2012 Inceptia

Course# Students

Completing

Avg Pre-Test Score

Avg Post-Test Score

% Increase in Score

All courses combined 7,029 65.5% 84.8% 40%

Paying for College 348 59.9% 86.5% 71%

Identity Theft 1,326 65.7% 84.3% 36%

Credit Cards 1,307 66.5% 85.7% 36%

Credit History  1,241 60.1% 86.4% 58%

Budgeting 1,535 74.5% 83.9% 18%

Contracts 1,272 60.2% 83.2% 48%

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The graph shows the distribution of pre and post test scores converted to a standardized grading scale.

On the post test none of the students got a D or an F!

Pre and Post Test Scores

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F<65

D65 to 69

C70 to 79

B80 to 89

A90 to 100

41%

18% 18% 18%

5%0% 0%

21%

49%

30%

Pre test Post test

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Ten percent (10%) of the students scored lower on the post test and 5% had no change in score. However, 28% had more than a 50% gain in knowledge with 8% increasing their scores by over 100%.

The overall average knowledge gain (mean) was a positive 40%!

Knowledge Gain

© 2012 Inceptia

Negative Zero1% to 10%

11% to 20%

21% to 30%

31% to 40%

41% to 50%

50% to 100%

Over 100%

-10%

5%

13% 13% 13% 11%7%

20%

8%

Knowledge Gain

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Course Evaluations

© 2012 Inceptia

Starting in 2011, students completing courses were asked to complete a formal evaluation of the course in addition to the pre and post tests.

To date, a total of n = 1,319 course evaluations have been done.

8Confidential.

Q. Please evaluate the course based on how much it - increased your interest in the subject.

Interest in the Subject

54% of the students indicated that the course increased their interest in the subject.

The average (mean score) for this item is 3.50 on a 5 point scale.

Since most of the students were required to take these courses, this is a very positive overall evaluation.

Strongly agree15%

Agree38%

Neutral33%

Disagree6%

Strongly disagree7%

Mean = 3.50

© 2012 Inceptia

9Confidential.

Q. Please evaluate the course based on how much it - provided information to sufficiently cover the topic.

Information on the Subject

68% of the students indicated that the course covered the topic well.

The overall mean score was 3.77.

© 2012 Inceptia

Strongly agree22%

Agree45%

Neutral24%

Disagree3%

Strongly disagree5%

Mean = 3.77

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Q. Please evaluate the course based on how much it - increased your knowledge in the subject.

Knowledge about the Subject

66% of the students felt that the course increased their knowledge of the subject.

Only 9% indicated that they did not increase their knowledge overall.

The overall mean score was 3.74.

© 2012 Inceptia

Strongly agree23%

Agree42%

Neutral25%

Disagree4%

Strongly disagree5%

Mean = 3.74

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Q. Please evaluate the course based on how much it - helped you feel more confident about the topic.

Confidence about the Topic

65% of the students indicated that the course helped them feel more confident in dealing with the topic.

The overall mean score was 3.70.

© 2012 Inceptia

Strongly agree20%

Agree44%

Neutral27%

Disagree3%

Strongly disagree5%

Mean = 3.70

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Q. I would recommend this course to others.

Recommendation of the Courses

The chart shows the ranking of courses based on how likely the students would be to recommend them to others.

Contracts

Credit History

Budgeting

Credit Cards

Identity Theft

Overall

3.58

3.66

3.67

3.73

3.74

3.68

Mean Scores

© 2012 Inceptia

5 = Strongly agree, 4 = Agree, 3 = Neutral, 2 = Disagree, 1 = Strongly disagree

13Confidential.

• Excellent course, I think colleges should have freshmen take this course as a part of their freshmen seminar.

• After completing this course, I am able to better manage my expenses and distinguish my wants from my needs.

• Great learning tool!

• I believe that this course is an amazing help to college students.

• I really enjoyed the Budgeting Course because it taught me many things that will help me in the future when I want to buy a house or a car.

• I thought that the course was helpful. Much of it is common sense, but there are a few facts that I learned that will help me with my budgeting in the future. Thank you.

• It was extremely informative, it helped a lot.

• This course helped me understand the dangers and benefits of having a credit card, it made me think twice about getting a credit card right away.

• This course was helpful and informative. It was the perfect length too. User friendly as well.

• This subject on budgeting was very good. I am compelled to do better with my budget and learn how to develop a strategy that works for me. Thank you.

Verbatim Comments

© 2012 Inceptia