Fifth Third Bank, EverFi Award $70,000 to High School Students Through Finance AcademySM
June 22 2018 - 01:11PM
Business Wire
28 students receive scholarships for education
expenses
Thanks to Fifth Third Bank and education-technology company
EverFi Inc., more than two dozen high school students have been
awarded scholarships through the Finance AcademySM 529
College Savings Scholarship contest.
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the full release here:
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Samantha du Preez, senior schools
manager, EverFi; Gia Holmes, career and technical education
instructor, Cass Technical High School; Maniah Akram, Cass
Technical High School student and scholarship recipient; Byna
Elliott, chief community and economic development director, Fifth
Third Bank; Lori Singleton, assistant principal, Cass Technical
High School (Photo: Business Wire)
The 28 winners from the Fifth Third 10-state footprint were
chosen based on an essay they submitted that detailed how Finance
Academy coursework had a positive impact on their plans and
understanding of the core concepts of personal finance and
entrepreneurship. Each winner is to receive $2,500 in a 529 savings
plan to use. The 2017-18 school year was the first for Finance
Academy and the scholarship contest.
“Finance Academy allows students the opportunity to leverage
technology to make sound financial decisions. We are excited about
playing a role in providing financial empowerment education to so
many students across the country,” said Byna Elliott, chief
community and economic development officer at Fifth Third. “The
students who are receiving the scholarships have excelled in the
program and we are pleased to offer them a savings scholarship to
help them with their future.”
Fifth Third Bank launched Finance Academy, a digital personal
finance and entrepreneurship education program, in October 2017.
The program already has reached more than 130,000 students, closing
in on its goal to reach 150,000 students annually. With its mission
to improve lives through education, Finance Academy is a key part
of Fifth Third’s $30 billion Community Commitment. Finance Academy
is a Fifth Third L.I.F.E. (Lives Improved through Financial
Empowerment®) program and delivers interactive online financial and
entrepreneurship education to students at no cost to schools or
taxpayers.
To apply for the scholarship, students had to be in grades 9-12
and be an active participant in at least one Finance Academy course
during the 2017-18 school year.
Maniah, a scholarship winner from Cass Technical High School in
Detroit, MI, said she learned several lessons this year. “Finance
Academy taught me a lot about becoming an entrepreneur and the
steps it takes to start a business. In the real world, there are
products and services that people need. When owning a business, you
need to identify how your company is different and why people
should choose you over the competition.”
Finance Academy offers two web-based courses. The personal
finance course is a series of 30- to 45-minute financial education
modules that cover topics ranging from budgeting and savings to
identity protection. Through its entrepreneurship Venture course,
Finance Academy builds and empowers the next generation of business
owners and entrepreneurs by guiding them through the creation of a
business plan – from generating ideas to taking a sustainable
business concept to market.
Each course module includes real-world scenarios and
instructional animation that makes the content approachable and
relatable for students.
“At EverFi, we are passionate about working with partners who
are committed to ensuring that young people have the resources they
need to follow their dreams and build secure futures,” said Ray
Martinez, EverFi co-founder and president. “Fifth Third’s Finance
Academy embodies that commitment. Together, we have reached more
than 130,000 students this school year with over 400,000 hours of
critical entrepreneurship and personal finance education.”
Fifth Third and EverFi plan to offer additional scholarships to
students at the end of the 2018-19 and 2019-20 school years. High
school administrators and teachers interested in bringing Finance
Academy to their classroom or district can visit
financeacademy.53.com.
About Fifth Third
Fifth Third Bancorp is a diversified financial services company
headquartered in Cincinnati, Ohio. As of March 31, 2018, the
Company had $142 billion in assets and operated 1,153 full-service
Banking Centers and 2,459 ATMs with Fifth Third branding in Ohio,
Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West
Virginia, Georgia and North Carolina. In total, Fifth Third
provides its customers with access to more than 54,000 fee-free
ATMs across the United States. Fifth Third operates four main
businesses: Commercial Banking, Branch Banking, Consumer Lending
and Wealth & Asset Management. Fifth Third is among the largest
money managers in the Midwest and, as of March 31, 2018, had $363
billion in assets under care, of which it managed $37 billion for
individuals, corporations and not-for-profit organizations through
its Trust and Registered Investment Advisory businesses. Investor
information and press releases can be viewed at www.53.com. Fifth
Third’s common stock is traded on the Nasdaq® Global Select Market
under the symbol “FITB.” Fifth Third Bank was established in 1858.
Member FDIC.
About EverFi Inc.
EverFi Inc. is the leading education-technology company that
provides real world education to learners of all ages through
innovative and scalable digital learning at no cost to K-12
schools. Founded in 2008, EverFi is fueled by its
software-as-a-service subscription model and has reached over 20
million learners in critical skill areas. Some of America’s leading
CEOs and venture capital firms are EverFi investors, including
Amazon founder and CEO Jeff Bezos, Google Chairman Eric Schmidt,
Twitter founder Evan Williams, TPG Growth, The Rise Fund, Advance
Publications, Rethink Education and Rethink Impact. The EverFi
Education Network powers more than 3,700 partners in their
education initiatives across all 50 states and Canada. Learn more
at everfi.com.
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