AFCC Donation to Support Financial Education

CEE is delighted to share that the American Fair Credit Council (AFCC) and their member companies have contributed $75,000 to CEE to help us in our mission to equip K-12 students with the tools and knowledge of personal finance and economics so that they can make better decisions for themselves, their families, and their communities. This donation is the first of its kind led by the AFCC, made possible through the help of its member companies that raised $50,000 for CEE, matched by $25,000 directly from the AFCC.

The American Fair Credit Council (AFCC) is the national association of professional debt resolution companies. The AFCC and its member companies work on behalf of consumers struggling with the overwhelming burdens of unsecured debt to resolve those debts for less than their full balance. 

Consumers without the benefit of some financial education are often left vulnerable and are likely to fall into debt. As illustrated by research on financial literacy programs, individuals who receive financial education are shown to have better credit scores and less outstanding debt. Unfortunately, as outlined in CEE’s most recent Survey of the States, only 27 states have a personal finance requirement for high school graduation. 

“Today’s youth are tomorrow’s leaders & consumers, and we want to do our part to ensure they have the skills needed to make educated financial decisions,” said AFCC Chairman of the Board, Dan Frazer. “The AFCC is proud to partner with CEE to expand this vital work to more locations across the country to benefit countless consumers and families.”

“The AFCC’s commitment to helping us educate the next generation of financially literate young people will ensure financial stability and economic mobility for them, their families, and their communities,” said Nan Morrison, CEE’s President and CEO. 

AFCC’s generous contribution to CEE will help ensure more Americans have the advantage of financial knowledge to help them sidestep debt later in life and live financially stable lives.

About the American Fair Credit Council

The American Fair Credit Council (AFCC) is the national association of professional debt resolution companies. The AFCC and its member companies work on behalf of consumers struggling with the overwhelming burdens of unsecured debt to resolve those debts for less than their full balance. The AFCC has developed a strict Code of Conduct centered on “best practices” designed to protect the rights of consumers and requires member companies to follow stringent regulatory guidelines for operation. All AFCC members operate on a “No Advance Fee Model” and never charge a fee for services until a consumer’s debt has been successfully negotiated.

About the Council on Economic Education

The Council for Economic Education’s (CEE’s) mission is to equip K-12 students with the tools and knowledge of personal finance and economics so that they can make better decisions for themselves, their families, and their communities. We work to ensure financial and economic education is required for K-12 students throughout the U.S., connecting them to and ultimately strengthening the broader economy. Through CEE’s array of programs, resources, and trained educators, we bring this vital knowledge to over 4,000,000 K-12 students each year. In partnership with our 200 affiliates nationwide, we provide training and tools to more than 40,000 teachers annually who in turn bring the highest quality economics and personal finance instruction to students. Additionally, we deeply engage students through our competitions and career programs helping them build critical career capabilities – communication, collaboration, presentation and critical thinking skills.