Free Savings Curriculum to Reach 4,500 Middle
Schools Nationwide
SAN
FRANCISCO, Sept. 15, 2022 /PRNewswire/ --
Varo Bank, the first all-digital,
nationally chartered U.S. consumer techbank, announced today the
launch of SaveUp, a free middle school savings curriculum
designed in strategic partnership with social impact education
innovator, EVERFI. The SaveUp course is the largest
initiative to date of the Varo Money Power program, which includes
free online financial education lessons for adults and the Russ x
Varo Money Power financial education workshops for high school
students designed in partnership with NBA superstar Russell Westbrook.
![(PRNewsfoto/Varo Bank) (PRNewsfoto/Varo Bank)](https://mma.prnewswire.com/media/1806496/Varo_Logo.jpg)
SaveUp empowers students by providing them with the
tools they need to build a strong savings foundation and will be
available to 4,500 middle schools nationwide by June 2024. The course is aligned with Jump$tart
National Standards for Personal Finance Education and focuses on
middle school students to provide them time to learn and practice
savings habits before they start to deal with more pressing
financial challenges in high school and beyond.
"Everyone deserves the same access to opportunity, and that
starts with financial education," said Colin Walsh, Founder and CEO of Varo Bank. "Through this joint initiative, Varo
and EVERFI continue to advance our shared mission of expanding
financial inclusion and helping young people learn the fundamentals
of what it takes to build wealth for themselves and their
communities. We plan to leverage this program content in the future
to broaden the reach of financial education and literacy to a wider
audience going forward."
Throughout the course, students will learn the importance of
saving, how to budget, how savings can help reach financial goals,
and how to open a savings account. This will be accomplished
through an interactive learning experience that includes:
- Self-guided lessons to help students develop simple, actionable
strategies.
- Real-world scenarios that prime students for long-term
behavioral change using problem-solving and self- reflection
activities.
- Detailed score reports and offline extension activities to help
teachers maximize their impact across all students.
"Middle school is a time of financial socialization for students
as they start to develop their own values and beliefs around
money," said Ray Martinez,
Co-Founder and President of EVERFI. "Developing
the SaveUp curriculum and bringing it to middle
schools around the country, is just part of our
commitment to help students, especially those in low-to-moderate
income populations, build the knowledge and skills they need to
achieve financial wellness and stability while providing equal
access to the financial services system."
Learn more about SaveUp course here:
www.varomoneypower.everfi.com
About Varo Bank,
N.A.
Varo Bank is the first all-digital, nationally
chartered U.S. consumer techbank built from the ground up,
designed to make financial inclusion and opportunity a reality for
all. Varo Bank is reimagining the modern banking
experience and providing customers with the tools they need to
build financial resilience and realize their financial power – with
offerings such as Varo Believe, a secured card to help build
credit, Varo Advance to help stretch hard-earned dollars between
paychecks, the ability to earn cashback at 1,000 merchant locations
nationwide, and a newly launched high yield savings account option,
more than 38x the national average. A different kind of financial
institution – Varo Bank serves everyone striving to build
a better future – from those with abundance to people struggling to
make ends meet. Varo has been named one of Forbes' World's Best
Banks in 2022, Fast Company's Most Innovative Companies, and is on
the Inc 5000 list of fastest growing companies for 2022. For more
information on Varo Advance, Varo Believe, and other offerings such
as Perks, visit www.varomoney.com, like Varo Bank on
Facebook, and follow us on Instagram and Twitter @varobank. @2022
Varo Bank, N.A. Member FDIC.
About EVERFI, Inc.
EVERFI from Blackbaud
(NASDAQ: BLKB) is an international
technology company driving social impact through
education to address the most challenging issues affecting society
ranging from financial wellness to mental health to workplace
conduct and other critical topics. Founded in 2008, EVERFI's
Impact-as-a-Service™ solution and digital educational
content have reached more than 45 million learners globally. In
2020, the company was recognized as one of the World's Most
Innovative Companies by Fast Company and was
featured on Fortune Magazine's Impact 20
List. The company was also named to the 2021 GSV EdTech
150, a list of the most transformative growth companies in
digital learning. Blackbaud, the world's leading
cloud software company powering social good, acquired EVERFI
in December of 2021. To learn more about EVERFI,
please visit everfi.com or follow us
on Facebook,
Instagram, LinkedIn,
or Twitter @EVERFI.
Media Contact:
varo@webershandwick.com
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SOURCE Varo Bank