115 Iowa high schools participate in an online financial program
Iowa banks sponsor EverFi in 115 Iowa high schools
Nearly one year after the Iowa Bankers Association partnered with EverFi, Inc., dozens of Iowa banks have demonstrated a firm commitment to enhancing financial education in their local communities. As of July 1, 45 Iowa banks have committed to sponsoring EverFi’s online financial platform in more than 115 Iowa high schools across the state.
The EverFi program is made available at no cost to schools thanks to the financial support of participating IBA member banks and a federal grant from the Iowa College Student Aid Commission. The EverFi program is private-labeled by banks, large and small, and launched into the high schools within their footprint for CRA credit, media visibility, marketing, customer acquisition and other benefits. Banks currently sponsor over 3,500 high schools in all 50 states across the country.
While each of Iowa’s 115 participating schools is in a different stage of adoption, many high schools implemented the program during the 2010-11 school year. Thanks to the sponsorship of State Bank & Trust Company in Nevada, students at Colo-Nesco Senior High School and Nevada High School had the opportunity to experience the self-paced online learning tool and become certified in more than 600 topics in financial literacy.
State Bank & Trust Co. President and CEO Steve McGill stressed why the bank made the decision to invest in the program.
“A community bank’s success is grounded on the financial strength and knowledge of its customers,” McGill said. “With solid knowledge of financial principles, young adults will be able to make decisions that will affect their futures, contribute to their success, and strengthen our communities.”
Nevada High School financial literacy teacher Cary Thompson said the EverFi program was “well worth the class time allocated to it.” Bryce Black was the first student to be EverFi certified at Nevada High School. “I learned a lot about investing in stock, mortgages, leasing, and other various topics. I am a very visual learner so I learned a ton from this program,” Black said.