Announcing New Collaboration with Samsung Electronics Co. Ltd.

August 9, 2013


Charlotte, NC,  -The costs of financial illiteracy are high, and they last a life time. That is why the American Financial Educational Alliance (AFEA) today announced a new early education effort carried out in collaboration with North Carolina Schools and Samsung Electronics America Inc., a subsidiary of Samsung Electronics Co. Ltd.

Many schools do not have the luxury of offering stand-alone personal finance courses, nor do they have the funding to support access to technologies that can put the financial world at a student’s fingertips. AFEA is therefore scheduling school-based speaking engagements for AFEA regional leaders, who will donate Chapter funding toward providing elements of the Samsung School Solution to select underprivileged middle school classrooms.

 The Samsung School Solution is an integrated 1:1 learning platform that empowers teachers to deliver an interactive learning environment. First deployed in Memphis, TN last year, the pilot project’s success has demonstrated the potential for the digital classroom platform to harness the educational power of Samsung technologies, including the new Galaxy Note 10.1 tablet and their interactive whiteboard displays.

 AFEA is a federally-recognized 501(c)(3) tax-exempt nonprofit organization based in Charlotte, NC and comprised of a diverse and growing group of licensed and trained professionals. Together, they share the same goal of helping people better understand their finances. AFEA’s mission is to eliminate financial illiteracy by empowering Americans to take control of their finances through free educational workshops in communities nationwide.

 The recent economic crisis in the U.S. highlighted the importance of such financial education. President Obama also recently acknowledged this problem by signing an Executive Order in January 2013 to create the Advisory Council on Financial Capability, a collective tasked with helping individuals make informed financial decisions. AFEA is proud to already address the local need for financial literacy workshops through its existing relationships with both Pfeiffer and Strayer University’s Charlotte campuses.

 We live in an increasingly complex world, where economic knowledge actually affects every choice we make – from what we buy to where to live or how to obtain an education or afford retirement – and AFEA believes strongly that these new efforts are the best option for introducing Charlotte teens to money management, fiscal accountability and important financial literacy concepts that will improve their overall financial literacy and lifelong financial wellness.  


Charlotte middle schools interested in
participating in the program can contact AFEA Executive Director Rick
McClanahan or visit
for more information.