FOR IMMEDIATE RELEASE
April 26, 2018
St. Paul, MN - Albany Area Senior High won first place at the Minnesota Personal Finance Decathlon state championship on April 18 at the Federal Reserve Bank of Minneapolis. It was the first state win for Albany in the competition's 11-year history. St. Thomas Academy received second place, and Underwood High School and Robbinsdale Armstrong High School were state finalists.
Albany Area Senior High students Miranda Breth, Jake Koltes, Michaela Milhauser, and Anna Panek won the championship. The team was coached by Albany social studies teacher Alan Amdahl.
349 students from across Minnesota competed online for the opportunity to be invited to the state championship where student teams from 11 schools competed in a case study analysis. Designed to test student knowledge of personal finance in the areas of earning income, paying taxes, budgeting, saving, financial planning, investing, borrowing, banking and financial institutions, and insuring, teams at the state competition received a case study of the fictional Blevins-Gross Family and acted as financial advisors to the family presenting recommendations to panels of judges. The top four teams after the first round of presentations went on to present again to all eight judges to determine the state champion. Judges included representatives from the Minnesota Department of Commerce, event sponsor COUNTRY Financial, the Federal Reserve Bank of Minneapolis, General Mills, and CHS, Inc.
As state champions, the Albany Area Senior High team will travel to the University of Nebraska – Lincoln for the National Personal Finance Challenge on May 11. The National Personal Finance Challenge is hosted by the Nebraska Council on Economic Education and sponsored by Wells Fargo.
The 11th annual Personal Finance Decathlon was organized by the Minnesota Council on Economics Education and made possible through funding from the Affinity Plus Foundation and COUNTRY Financial. The Federal Reserve Bank of Minneapolis hosted the competition. The purpose of the Personal Finance Decathlon is to honor and reward student achievement in understanding and applying personal finance knowledge and to showcase outstanding personal finance education programs among Minnesota high schools.
Photos by Paula Keller, (C)MCEE, 2018. Top Left: Albany Area Senior High, Top Right: St. Thomas Academy, Bottom Left: Underwood High School, Bottom Right: Robbinsdale Armstrong High School.