Office of the Lieutenant Governor of Iowa

Lieutenant Governor Reynolds

Statewide Program will Help Students Develop Smart Money Habits

April 15, 2013

Vault™ prepares 4th through 6th grade students for making good financial decisions

(DES MOINES) – Lt. Gov. Kim Reynolds today announced the launch of a new online financial literacy program, offered through the Iowa College Student Aid Commission (Iowa College Aid).  The interactive program, Vault™, will help Iowa 4th through 6th graders establish smart habits and attitudes about handling money.  The program is available free to Iowa elementary and middle schools.

“By instilling the principles of sound budgeting within our youth, it is our hope to bring financial stability to families throughout Iowa,” said Reynolds. “Reaching students at a younger age and helping them form responsible attitudes about money in their formative years, paves the road for financial stability for our citizens.”

Iowa College Aid has a mission of providing services to support Iowa students and families as they explore and finance educational opportunities beyond high school.  In 2011, Iowa College Aid launched the Iowa Financial Literacy Program in partnership with the Iowa Bankers Association to teach high school students core topics of personal finance.

“Financial literacy is a key initiative for our agency,” said Karen Misjak, executive director of Iowa College Aid.  “Currently, the Iowa Financial Literacy Program is being used in over 150 high schools across the state,” explained Misjak.  “Now with Vault™, we can expand the reach of teachers by providing younger students with instant access to an engaging program that speaks to today’s tech-savvy generation.”

Vault™ was developed by EverFi, Inc., the company that developed the Iowa Financial Literacy Program.  This new financial literacy platform, geared towards students in the 4th through 6th grades, empowers youth to start building good financial habits early.  The course features interactive lessons, games, and story-based activities that challenge students to make choices in real-life scenarios.  The 2.5-hour curriculum aligns with both state and national standards.

Educators can use Vault™ in a co-curricular or standalone manner in a wide variety of subjects and class levels. Each learning group contains between two and five brief activities and two games that are unlocked by students upon completing activities.  Assessments that measure student knowledge gains are incorporated in the program. Upon successful completion of the program, students are certified as having a solid financial knowledge base.

For more information on Vault™ and other college and career readiness programs, please contact Iowa College Aid at 1-877-272-4456 or visit Iowa College Aid’s website at


About the Iowa College Student Aid Commission
Iowa College Aid provides college access, financial literacy, and outreach services to Iowa’s students and families as they prepare, plan and pay for college.  Iowa College Aid also administers state scholarship, grant, work study, and loan forgiveness programs totaling over $64.0 million annually, conducts research and distributes higher education data, and offers Iowans assistance in obtaining student financial aid and college-related information. Additionally, Iowa College Aid is the administrator of the Federal GEAR UP Grant, a multi-year state-wide grant which is being used to provide early awareness programming and outreach initiatives to thousands of Iowa’s students and families.  More information is available at

About EverFi EverFi is building and operating the nation’s largest network for K-12 online education in off-curriculum, but highly valuable content areas such as financial literacy, student loan management and other key life skills for the 21st century student.  EverFi’s award-winning platform is designed to provide a highly engaging experience for students and features the latest technology and instructional design, including rich media, high-definition video, 3D simulations and social networking. EverFi is powering a national movement that enables corporations and foundations to partner with schools and colleges in our network and license the use of the EverFi platform to deliver a measurable and lifelong impact on students. EverFi’s website is