Higher One, a leading provider of financial services and data analytics to over 1,600 colleges and universities, has announced a new partnership with EverFi, Inc., to bring critical financial literacy education to high school students through an interactive, web-based financial management program.
The Higher One Financial Scholars Program will be fully implemented in 50 select high schools by this fall across nine states at no cost to the schools or taxpayers. The states will include California, Florida, Illinois, Iowa, Massachusetts, Michigan, Ohio, Oregon and Pennsylvania.
“This initiative stems from research indicating that effective financial literacy education must start early on to help students increase their ability to make sound financial decisions during college and beyond,” said Mary Johnson, Financial Literacy and Student Aid Policy Director at Higher One. “It is essential that we address this critical need—and this partnership furthers Higher One’s belief that all students can become financially savvy when given much-needed tools and information.”
The web-based learning platform utilizes the latest technologies—including video, animations, 3-D gaming, avatars and social networking—to bring complex financial concepts to life for today’s digital generation. Through the platform developed by EverFi, students will become certified in more than 600 topics in financial education, allowing them to become more informed, responsible consumers.“The Higher One Financial Scholars Program provides students with great information that they will be able to use in the real world,” said Judy Fletcher, a teacher at Wesley Chapel High School in Wesley Chapel, Florida. “I also particularly like the program’s pre- and post-assessment features as it provides important feedback to evaluate the needs of my students." The 10-unit course offers over six hours of programming aimed at teaching, assessing and certifying students in a variety of financial topics including credit scores, insurance, credit cards, student loans, mortgages, taxes, stocks, savings, 401(k)s and other concepts that map to national financial literacy standards. The learning platform uniquely tracks student knowledge gains as well as changes in attitudes and behaviors about these important issues.