Insight

First Republic Bank and EverFi Launch Innovative Financial Literacy Program for Kids

by FinancialCorps, 03 December 2015

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First Republic Bank and education technology firm Everfi announced plans to launch an innovative program designed to improve financial literacy among elementary school students. The program will be rolled out in nearly sixty inner city elementary schools in California, Oregon, New York, Massachusetts and Florida. The initiative will be powered by EverFi’s Internet-based program, Vault-Understanding Money, and uses technology to make learning about financial concepts exciting and interesting for the students.

Upon program completion, students are eligible to get certified in financial capability topics such as budgeting, saving, credit and debt, income, charity and careers.

The initiative is just the latest in First Republic’s ongoing efforts to boost financial literacy in the communities in which Frist Republic has a presence. The company has been a longtime supporting of financial capability programming.

Likewise, EverFi has been providing financial education programs to children and adults for a long time. The company has partnered with the White House, Southern Christian Leadership Conference, Teach For America, the National Hockey League, and other major corporations and organizations. EverFi’s financial education program also has been included in the Consumer Financial Protection Bureau’s Reference Guide for advancing K-12 financial education.

Given the track record of both First Republic Bank and EverFi in developing and implementing successful financial education programs, this initiative is poised to make a very positive impact in the communities in which it is rolled out.

Additional information about the program can be found here.


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