Knowledge Hub

Proven Impact of Financial Rewards in Education: Boosting Engagement and Success through Life Hub’s Earn and Learn Model

Calendar icon.
July 15, 2024
Anna Grace Du Noyer

At Life Hub, we are revolutionizing education with our innovative “Earn and Learn” model. This approach seamlessly integrates real-life earning with financial literacy, entrepreneurship, and career readiness, all delivered through engaging bite-sized learning modules known as Edu-Jobs. Our 360° learning experience is designed to empower students with essential life skills, preparing them for a financially responsible and successful future. Here’s a look at the compelling evidence supporting the effectiveness of financial rewards in education, and how Life Hub leverages this to enhance learning outcomes.

1. 25% Better Test Scores

Students who received monetary rewards showed a 25% improvement in test scores compared to those without. Financial incentives significantly boost academic performance, proving their effectiveness in education (Rousu et al., 2015).

2. 30% More Engagement

Classes that offered financial rewards saw a 30% increase in student engagement. Financial incentives keep learners attentive and motivated, enhancing their overall educational experience (Rousu et al., 2015).

3. 18% Higher Average Scores

Students who received financial incentives scored 18% higher on average, highlighting the strong link between rewards and academic success (Sharma, 2010).

4. 20% More Effort

Monetary prizes led to a 20% increase in students’ cognitive effort, encouraging them to work harder and think more deeply (Castro et al., 2018).

5. 15% Better Performance in Online Tasks

Financial incentives led to a 15% improvement in performance on online learning tasks, making learning more effective (Schwab & Somerville, 2022).

6. 22% Better Quiz Performance

Financial incentives improved quiz scores by 22%, helping students retain and understand concepts better (Schwab & Somerville, 2022).

7. 50% More Participation

Educational activities saw a 50% increase in participation when financial rewards were given, showing how incentives drive involvement (Schwab & Somerville, 2022).

8. 60% Higher Motivation

A significant 60% of students reported higher motivation when financial rewards were included in their learning (Castro et al., 2018).

9. 25% More Cognitive Effort

Students put in 25% more cognitive effort when financial incentives were offered, proving the power of monetary rewards to motivate (Castro et al., 2018).

10. 35% Better Performance

Financial rewards led to a 35% improvement in student performance, showing a clear benefit over no incentives (Rousu et al., 2015).

11. 20% Higher Quiz Scores

Financial incentives showed a 20% increase in quiz scores, reinforcing the value of rewards in learning (Schwab & Somerville, 2022).

12. 22% Higher Math and Logic Scores

Incentivized students scored 22% higher in math and logic questions, essential skills for future success (Castro et al., 2018).

13. 45% Better Learning Outcomes

Financial rewards led to a 45% improvement in overall learning outcomes, making a strong case for their use in education (Schwab & Somerville, 2022).

14. 30% More Willingness to Take on Challenges

Financial incentives made 30% more students willing to tackle challenging tasks, fostering resilience and problem-solving skills (Rousu et al., 2015).

15. 15% Increase in Engagement

Monetary rewards boosted cognitive engagement by 15%, ensuring deeper and more meaningful learning (Castro et al., 2018).

16. 18% Better Test Scores with Real Money

Classroom experiments with real money stakes led to an 18% increase in test scores, proving the motivational power of financial incentives (Rousu et al., 2015).

17. 10% More Family Involvement

Financial incentives led to a 10% increase in household engagement with education, highlighting the positive impact on family involvement (Sharma, 2010).

18. 0.09 Standard Deviations Improvement

Financial rewards resulted in a 0.09 standard deviations increase in overall scores, showing measurable academic improvement (Sharma, 2010).

19. 20% More Correct Answers

Monetary incentives resulted in a 20% increase in the number of correct answers on test questions, improving knowledge retention (Schwab & Somerville, 2022).

20. 10% More Students Engaged in Learning

Monetary rewards led to a 10% increase in student engagement, enhancing the overall learning experience (Schwab & Somerville, 2022).

21. 5% More Accurate Responses

Financial incentives led to a 5% increase in correct responses, showing how rewards can improve accuracy and attention (Schwab & Somerville, 2022).

22. 22% Better Secondary School Performance

Financial rewards led to a 22% improvement in performance among secondary school students, proving their broad applicability (Maithya et al., 2015).

23. 55% More Effort

With financial incentives, 55% of students put more effort into their tasks, showing the power of rewards to encourage hard work (Castro et al., 2018).

24. 50% Better Test Performance

Half of the students performed better in tests with monetary incentives, showing a significant impact on academic results (Sharma, 2010).

25. 25% More Attempts

Financial incentives encouraged 25% more attempts at tasks, increasing participation and learning opportunities (Schwab & Somerville, 2022).

26. 15% More Effective Online Learning

Monetary incentives made online courses 15% more effective, ensuring that students are engaged and learning efficiently (Schwab & Somerville, 2022).

27. 20% Higher Academic Performance

Students receiving financial incentives demonstrated 20% higher academic performance, making a strong case for the use of rewards in education (Rousu et al., 2015).

28. 18% Better Overall Performance

Financial rewards resulted in an 18% improvement in overall student performance, showing the broad benefits of incentivized learning (Maithya et al., 2015).

What Happiness Looks Like in Real Life

Real quotes. Real smiles. Real change.

April Schmitt

Friends of the Children

I like the choices it gives youth to decide what they want to learn and, how much money they want to make by learning things about careers or life in general.

Annie Holub

Desert Dragon Learning Community

Kids who otherwise resisted any kind of assignment have been actually asking to get on Life Hub and complete work. Parents and kids always light up when I explain how it works, and have reported that it's one of the reasons they chose our school. It's been a true asset to our program.

Janet Bell

Mother

Graham is enjoying Life Hub immensely! He loves the variety of topics and is always excited to share with me what he has learned. I love the ease of being able to view and assign courses, as well as all the other things the program offers. We are definitely big fans of Life Hub!

Shambria Young

Friends of the Children

Life Hub has allowed my mentees an opportunity to learn skills that are going to help them have a productive life.

Rick McClintock

Friends of the Children Tampa Bay

We’ve seen many of our mentees adopt ‘Life Hub’ as an important part of their lives that allows them to engage, learn, perform educational jobs, earn income, and then spend or save those earnings.

Dr. Elijah Lefkowitz

The Boys & Girls Clubs of Lee County

Our youth love Life Hub. Out of the gate, we saw high levels of engagement and increased attendance.

Max Massengill

Academy Prep St. Petersburg, Florida

When our Academy Prep Scholars participated in their first Edu-Job “Design Your Lifestyle”, I knew right then that we had hit a grand slam!

Coi Morefield

The Lab School of Memphis

I have seen first-hand the power and intrinsic motivation cultivated when learners select from the hundreds of jobs, completed using Office within 15-30 minutes. Not only does the platform integrate learning with real-world skills but also rewards learners with cash earnings paid out in their Life Hub Wallet every Friday.

Jaymie Johnson

The Boys & Girls Clubs of Tampa Bay

Life Hub is opening their eyes to possibilities and introducing them to new ideas.

Caryan Lipscomb

Arkansas Lighthouse Academy

I Love hearing my students talk about how they are working to make money with Life Hub to buy things they want. They can clearly differentiate wants vs needs and also understand it’s their money that they can spend or save.

Rosanna Mhlanga

Arkansas Lighthouse Charter Schools

We didn’t expect the impact it has had on overall student engagement, increased attendance, better academic performance, improved self esteem, and higher rates of parental/guaridian participation. In all my years as an educator, I’ve never seen anything like Life Hub!

Rick McClintock

Friends of the Children Tampa Bay

We’ve seen many of our mentees adopt ‘Life Hub’ as an important part of their lives that allows them to engage, learn, perform educational jobs, earn income, and then spend or save those earnings.

Dr. Elijah Lefkowitz

The Boys & Girls Clubs of Lee County

Our youth love Life Hub. Out of the gate, we saw high levels of engagement and increased attendance.

Coi Morefield

The Lab School of Memphis

I have seen first-hand the power and intrinsic motivation cultivated when learners select from the hundreds of jobs, completed using Office within 15-30 minutes. Not only does the platform integrate learning with real-world skills but also rewards learners with cash earnings paid out in their Life Hub Wallet every Friday.

Rosanna Mhlanga

Arkansas Lighthouse Charter Schools

We didn’t expect the impact it has had on overall student engagement, increased attendance, better academic performance, improved self esteem, and higher rates of parental/guaridian participation. In all my years as an educator, I’ve never seen anything like Life Hub!

April Schmitt

Friends of the Children

I like the choices it gives youth to decide what they want to learn and, how much money they want to make by learning things about careers or life in general.

Annie Holub

Desert Dragon Learning Community

Kids who otherwise resisted any kind of assignment have been actually asking to get on Life Hub and complete work. Parents and kids always light up when I explain how it works, and have reported that it's one of the reasons they chose our school. It's been a true asset to our program.

Jaymie Johnson

The Boys & Girls Clubs of Tampa Bay

Life Hub is opening their eyes to possibilities and introducing them to new ideas.

Shambria Young

Friends of the Children

Life Hub has allowed my mentees an opportunity to learn skills that are going to help them have a productive life.

Caryan Lipscomb

Arkansas Lighthouse Academy

I Love hearing my students talk about how they are working to make money with Life Hub to buy things they want. They can clearly differentiate wants vs needs and also understand it’s their money that they can spend or save.

Max Massengill

Academy Prep St. Petersburg, Florida

When our Academy Prep Scholars participated in their first Edu-Job “Design Your Lifestyle”, I knew right then that we had hit a grand slam!

Janet Bell

Mother

Graham is enjoying Life Hub immensely! He loves the variety of topics and is always excited to share with me what he has learned. I love the ease of being able to view and assign courses, as well as all the other things the program offers. We are definitely big fans of Life Hub!

Ready to Chat about Life Hub?

Whether you're a parent, teacher, or partner—there’s a path for you.

754
3944
9344