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
This press release features multimedia. View the full release here:
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
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.
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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