YOU ARE INVITED to participate in the 5th Annual iOme Challenge. The top prize is $10,000 to the winning student team and $2,000 to that team's faculty advisor. The winning team will also be invited to Washington D.C. to present their entry to various policymakers. In the past, students have attended meetings at The White House and The Capitol Hill, and met with the Assistant Secretary of Labor, various Members of Congress and other policymakers, including representatives from the Departments of Labor, Education, and Treasury.
There may also be honorable mention prizes of $2,500 for teams and their faculty advisors ($2,000 for teams, $500 for faculty advisors.)
The 2013-2014 iOme Challenge consists of two parts: an essay and a video that illustrates the key elements of the essay. We encourage students to form teams with individuals some of whom have policy expertise and some others with video production skills. Team members can come from different educational institutions. Each team of students must have a faculty advisor, and the faculty advisors are encouraged to use this contest as a part of their class curriculum.
How different would America look today if the “baby boom” generation saved/invested sufficiently to have a secure retirement income;
What investment vehicles could the private and public sectors create to provide sufficient incentives for adequate savings/investments in order to not have to ask this same question 40 years from now; and
What kind of an educational program could be launched on colleges campuses in order to educate your peers on the value of saving/investing specifically, and financial literacy, in general.
Entries will be judged on specific criteria for the Essay and the Video. Please see the Judging Criteria document for complete details. One winner will be selected as well as those entries that are judged to be Honorable Mentions. The winning team will receive a cash award of $10,000 and the faculty advisor will receive $2,000.
The winning team will also be invited to Washington D.C. to present their Essay and Video to Members of Congress, policy-makers and others who are interested in this policy issue.
Each Honorable Mention team (should any be selected) will receive $2,000 and their faculty advisor will receive $500.