Preparing for the Future of Learning

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Preparing for the Future of Learning

• CFP Board Program Directors Conference
• August 2, 2006
• Vickie Hampton, Ph.D., CFP
• Texas Tech
• Jeff Lambert, CFP
• UC Davis

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Topic

• Applied Education

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Agenda

• Learning Theory Jeff
• Examples from TTU Vickie
• The Future - You

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History of Learning

• Or maybe, What do we think we know about
  learning?

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Classical Ideas

• Instinct
• Behaviorism
• Cognitive Processes
• Multiple Intelligences
• Deep vs. Surface or Rote vs. Meaningful
• Constructivism
• Context
• Affective Domain
• Jane Artess http//www.ltu.mmu.ac.uk/ltia/issue5/a
  rtess.shtml

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Adult Learning Processes

• Information Processing Bloom
• Language
• Learning Styles
• Social Learning / Inclusive Practice
• Jane Artess http//www.ltu.mmu.ac.uk/ltia/issue5/a
  rtess.shtml

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The Future?

• Applied Knowledge
• Knowledge has no meaning without the context of
  how it is applied.

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• What if we adopted a perspective that placed
  learning in the context of our participation with
  the world?

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A Social Theory of Learning

• We are social beings
• Knowledge is a matter of competence with respect
  to valued enterprises
• Knowing is a matter of active engagement
• Meaning is ultimately what learning is to produce.

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The Components

• Meaning
• Practice
• Community
• Identity

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Social Theory of Learning
learning as belonging
Community
Learning
learning as doing
Identity
Practice
learning as becoming
Meaning
learning as experience

• Wenger, Etienne (1998) Communities of practice
  learning, meaning, and identity. Cambridge
  University Press, New York

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Wenger, Etienne (2006) Learning for a Small
Planet a Research Agenda. www.ewenger.com/research

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Community of Practice Resources

• FPA
• NAPFA

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FPA Offerings

• Complimentary Registration FPA Nashville Oct 21
  24, 2006
• Program Director Symposium Oct 20
• Program Directors Online Community
• Internship Program
• Residency
• Career Center
• Bridge the Gap

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FPA Contact Info

• www.fpanet.org
• 800 322 4237
• Director of Learning
• Jean.Cantey_at_fpanet.org ext 7163
• Manager Career Development
• John.Brennan_at_fpanet.org ext 7182
• Director of Membership
• Julie.Massaro_at_fpanet.org ext 7156

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NAPFA Offerings

• Complimentary Academic Affiliation to all
  Program Directors
• Complimentary Registration NAPFA National May
  2-6, 2007 Chicago
• Limited of Fall Regional Conference Reg.
• Basic Training
• Foster Program
• Internship Day in the Life of Programs
• Larger Firm Initiative

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NAPFA Contact Info

• www.NAPFA.org
• 800 366 2732
• Director of Membership
• Nancy Hradsky ext 103
• hradskyn_at_napfa.org

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Preparing for the Future of LearningWhats
Being Done?

• Financial Planning is an applied body of
  knowledge
• Financial Planning is a profession/aspires to
  become a profession
• Financial planning programs, degree and
  certificate programs, need to think in terms of
  being professional programs.

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Traditional Model
Proposed Model
School General Education Financial Planning
Education Passive learning Limited Application
School
Transition Job Search Licensing Certification Trai
ning Active Learning Experience
More efficient model yields higher salaries for
students and lower training costs for employers.
This is expensive and is a financial burden
shared by students and employers.

Transition
Profession
Profession Ability to Serve Clients without
Supervision Professional Ethics Behaviors High
productivity
Source Easing College Students Transition into
the Financial Planning Profession, Financial
Services Review, 14, 2005 by Goetz, Tombs, and
Hampton.
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Strategies and Techniques

• Techniques that bring the profession into the
  classroom
• Techniques that bring the classroom into the
  profession
• Importance of the professor getting out of the
  ivory tower

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Techniques that bring the profession into the
classroom
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Incorporate problem-based learning

• Case studies
• Class assignments
• Games and simulations
• Financial planning software
• Exams

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Add courses to the financial planning curriculum

• Capstone course
• Professional practices internship course
• Communications/financial counseling course
• Student managed investment fund
• Sales and products course
• Research problems in financial planning

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Bring professionals into the classroom

• Guest speakers (well known professionals as well
  as younger alumni)
• Program advisory committees
• Media

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Other techniques that bring the profession into
the classroom

• Encourage professional standards in the classroom
• Sponsor student professional organizations

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Techniques that bring the classroom into the
profession
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Facilitate work experiences in the financial
planning/services profession

• Internships, practica and cooperative programs
• Part-time jobs
• Shadowing
• Service-learning

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Affiliating with professionals

• Student participation in professional
  organizations (FPA, NAPFA, etc.)
• Mentoring relationships with professionals

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Other techniques that bring the classroom into
the profession

• Peer education programs and community
  presentations
• Encourage students to earn certifications and
  licenses
• Establish a financial planning/counseling clinic

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Financial Planning Lab
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Speaker Contact Info

• Vickie Hampton
• Vickie.Hampton_at_ttu.edu
• 806-742-5050 (227)
• www.pfp.ttu.edu
• Jeff Lambert
• Jeff.Lambert_at_mywebmail.com
• 916 979 7888
• http//extension.ucdavis.edu/certificateprograms/c
  ert_pfp.html
• www.JeffreyLambert.com