Vermont Treasury Cup Challenge
2015 Challenge Met by Ten High Schools!
The State Treasurer's Office holds the annual tournament in Montpelier to promote student interest in and knowledge of personal finance, economics, and consumer affairs topics.Our 2015 tournament was held May 8 in Montpelier, with ten teams accepting the "challenge."
Who Won the 2015 Challenge?
It took 17 rounds of competition and two championship matches for the winner to be determined. With just one correct answer separating the two teams, the Mount Mansfield Union High School Cougars beat defending champs South Burlington to take the tournament victory. Third place was won by Bellows Free Academy in Fairfax. Pictured at right, State Treasurer Beth Pearce presents the traveling Treasury Challenge Cup to MMU.
Teams competing in 2015 were:
- Bellows Free Academy
- Burr & Burton Academy
- Champlain Valley Union High School
- Essex High School
- Green Mountain Union High School
- Mount Mansfield Union High School
- South Burlington High School
- Stowe High School
- U32 High School
- Windham Regional Career Center
Each student competitor on the first place team received a $500 college savings account and members of the second place team a $250 account, donated by the Vermont Student Assistance Corporation. Individual trophies also were awarded to students on the first through third place teams.
How Does the Challenge Work?
Vermont high schools may enter one team of four students and two alternates who are in grades 9-12. Each high school may enter only one team, but may bring additional students to cheer on their team. It is a bracketed, double-elimination tournament. Using a quiz-show style format, students are questioned individually and as a team. The 2016 tournament will be held in March. In addition to winning trophies and college savings accounts, the championship team also wins the right to represent the State of Vermont in the semi-finals of the National Economics Challenge. If you have an interest in entering a team for the 2016 Vermont Treasury Cup Challenge and have questions, contact Lisa Helme at (802) 828-3706. Registration materials for the 2016 tournament will be posted in December. The registration deadline will be February 12, 2016.
- $3,000 first prize, each student receives a $500 college savings account
- $1,500 second prize, each student receives a $250 college savings account
- Individual trophies for teams placing 1st, 2nd or 3rd
- Winning school's name engraved on large gold traveling trophy
- Lunch is held at the State House
Vermont Treasury Cup Challenge Sponsors
The event is organized and promoted each year by the Vermont State Treasurer's Office. We gratefully acknowledge the event's financial underwriting by TD Bank Charitable Foundation. College savings account prizes are provided by the Vermont Student Assistance Corporation. Additional financial support is contributed by the Vermont Jump$tart Coalition. The student grand prize is provided by Community National Bank. Thanks also to VSECU for providing $10 cash envelopes as raffle prizes for the 2016 competition.
What Do Students & Teachers Think of the Challenge?
“The students loved the opportunity to compete, to demonstrate knowledge in these important areas and to learn from the process. We can't wait to come back next year."
– Mt Mansfield Union High School Business Teacher David Alofsin
“It was crazy to win. I had a lot to learn about personal finance and investment, so working with the team in preparing was helpful. Also, you can't help but learn something when you spend an entire day focused on economics.”
– MMU Student Asher Lehrer-Small
“The Vermont Treasury Cup Challenge provides us the opportunity to put our personal finance and economics knowledge to the test against other students from across the state. The competitive nature of the Challenge always makes for an exciting day.”
– Missisquoi Valley Union Business Teacher Jacob Hartman
"The students loved being able to show their stuff in this competition. The content knowledge gives them confidence as they move ahead with their lives.”
– Burlington High School Teacher Bob Hill
"The Treasury Cup competition put on by the Vermont State Treasurer's Office is one of the purest learning opportunities available covering this material. In addition to putting the content area to use, the students thrive both individually and collaboratively. A tremendously healthy day of learning.”
– U32 High School Business Teacher George Cook
What Content Does the Challenge Cover?
At the start of the competition, teams are placed in competition brackets. It is a double elimination tournament. The majority of the questions are in multiple choice format. Each preliminary competition is organized as follows:
- ROUND 1: Personal Finance--each team gets four questions in round robin format; correct answers worth 5 pts. each
- ROUND 2: Economics--each team gets four questions in round robin format; correct answers worth 5 pts. each
- ROUND 3: Lightning Round--open-ended topics that teams compete directly against each other in a timed event worth 10 pts. each
Subsequent matches are modified slightly from the preliminary rounds in that individual questions are replaced with team questions. There is a lightning round.