The National High Magnetic Field Laboratory (MagLab) will hold its fifth Theory Winter School in Tallahassee, Florida from January 9 to 13, 2017. This year the focus will be on modeling of correlated electron materials. The US Materials Genome Initiative has been expanded to include correlated electron materials and this area has received much interest in recent years, with the long-term goal leading to the predictive design of new high-temperature superconductors and other functional quantum materials. We will bring leaders in the field who will present tutorial lectures on the most relevant concepts in theoretical and computational techniques in correlated materials, plus experimental reviews. An overlying theme will be how computation, growth, and measurement can be coupled in coordinated feedback loops to drive the field.