The Money Smart Kid in Iowa will be awarded a $1,000 College Savings Iowa account funded jointly by the Iowa Credit Union Foundation and the Iowa Bankers Association. The Money Smart Kid will become a spokesperson, promoting financial education during Money Smart Week (April 5 - 12) and at other times throughout the year.
Students interested in applying for the Money Smart Kid contest must be in grades 7-11, complete an application and submit an essay (300 words or less) by midnight on March 14, answering the following question:
Any investment has a certain amount of risk and an expected return. Describe to a potential investor how investing in you (such as paying for more education) will produce a return. Please discuss types of risk the investor could face.