Chicago Public Schools, TCF Bank and EverFi Partner in Broad Financial Literacy Initiative

Chicago Mayor Rahm Emanuel had the financial education community in cheers as he announced a new alliance between the Chicago Public Schools and TCF Bank that will enable high school students to receive a comprehensive financial literacy course that was offered last summer to over 6,400 students.
The program will teach budgeting, mortgages, saving, debt management and other key financial education topics.

Notable supporters who were in attendance for Mayor Emanuel’s remarks included Evelyn Diaz, Commissioner of Chicago’s Department of Family and Support Services, Toni Preckwinkle, the Cook County Board President, and several other elected officials.

EverFi, which developed the interactive software for the financial literacy program, has become a major player in the delivery of financial education solutions to schools, particularly since the 2008 financial crisis, which sparked greater awareness in both the public and private sectors of the need for higher levels of financial literacy among individuals and families.

Many industry observers are watching this program closely, as it is widely believed that this public-private partnership will be a model for many other cities across the nation and, indeed, throughout the world in the months and years to come.