Fifth Third Bancorp and EverFi have announced a multi-year contract that will enable Fifth Third to offer financial education and entrepreneurship classes to high school students located within the 10 states where the Bank operates retail branches, including North Carolina.
Ray Martinez, co-founder and president of EverFi’s Financial Education Division said in a statement, that the “groundbreaking investment will provide students and teachers with our digital learning technology and a national network of educators for training and professional development.
EverFi powers financial education in a national education network of K-12 public schools, colleges and universities, and in community-based organizations committed to equipping millions of students annually with the knowledge and skills they need to make important financial decisions.
With a national on-the-ground team of community leaders and former teachers partnering in schools across the country, EverFi delivers innovative, mobile-ready technology using gamification and personalized learning that focuses on increasing knowledge and preparedness around financial well-being.
Fifth Third’s high school program will offer a combination of foundational financial education and business finance courses to students throughout Ohio, Indiana, Kentucky, Illinois, Michigan, Florida, Tennessee, North Carolina, Georgia and West Virginia. Courses also will be delivered through scholarships and in collaboration with non-profit organizations with deep community ties.
The program is connected to Fifth Third’s recent commitment to invest $30 billion in the communities it serves.
Fifth Third’s new high school financial education program will be available for 2017-2018 school year. It is highly digitized and interactive to allow students to personally engage with and learn in the dynamic environment with which they have grown accustomed. It includes a method of measuring progress and learning, and it ends with a Fifth Third Post-High School Financial Road Map.
The program will be embedded into high school curricula, is aligned with state and national standards, and EverFi’s high school financial education program, which is a part of Fifth Third’s new program offering, is a Consumer Financial Protection Bureau (CFPB) recommended resource. It does not promote any of the Bank’s services.
