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Capital Gains

Submitted by Dena on 05/03/2009
Region: 
Local
Image: 
Innovation Blurb: 
Financial Incentives for students in Public Schools
Web Site Link: 
http://www.k12.dc.us/capital-gains/index.htm

During the 2008-2009 school year, 15 public middle schools in Washington DC launched the Capital Gains Program, which doles out small monetary awards to students based on their attendance, behavior and academic performance.  This program offers short-term, financial incentives to encourage students to do what is in their long term interest: study hard and increase achievement.  In DC, individual savings accounts are being established at SunTrust Bank for the cash earners. The bank is also providing money management training for the kids.  Similar programs, developed in partnership with Harvard University's "EdLabs", also began in Chicago and New York City in 2008.  In DC, where students can earn up to $100 every two weeks, Harvard and the DC Public School system are splitting the cost.

Their Description: 

The Capital Gains Program is based on the simple premise that incentives (such as pizza parties, good grades, trophies, praise, or the joy of learning itself) can motivate students toward positive learning outcomes.

This program offers short-term, financial incentives to encourage students to do what is in their long term interest: study hard and increase achievement.

Students participating in this program will earn financial rewards based on his or her attendance, behavior and academic performance in school.

Contact: 

<p>Evan Smith<br />
Program Director<br />
Office of Transformation Management<br />
202-535-1523<br />
<a href="mailto:evan.smith@dc.gov">evan.smith@dc.gov</a></p>

Image Permission: 
0
Image Notes: 

Hi Dena,

I'm sorry for the late response -- Evan forwarded this on to me and it
slipped by me. Yes, please go ahead and use the logo for the description
of Capital Gains on your website.

Best,

Theo

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Education