The TCF Bank Financial Scholars program will be offered free to high schools in communities served by TCF Bank, including those in Colorado, Minnesota, Illinois, Wisconsin, Michigan, Arizona, Indiana and South Dakota. The TCF Financial Learning Center portal will be open and free to the public now through the end of October, and will always be available for TCF customers.“By partnering with EverFi, we are providing one of the best education technology platforms available to deliver comprehensive financial literacy education for both teenagers and adults,” commented TCF’s Jasper. “This is a significant investment in our communities and a genuine effort to help people become better consumers of financial services.” Ray Martinez, co-founder and executive vice president of EverFi, called the TCF Bank Financial Learning Center and the TCF Bank Financial Scholars program, “a bold initiative to address financial literacy. Students who have completed our high school financial education platform have walked away with confidence in money management. There’s a high value to offering the same interactive financial education to teenagers’ parents, as well as other adults.” More information about the TCF Bank Financial Learning Center can be found at www.TCFLearning.com and information about TCF Bank can be found at tcfbank.com. About the Teen Financial IQ PollOpinion Research Corporation conducted the polls in early October. Five-hundred teens between the ages of 13 and 17 participated. Other findings include:
- Among teens who plan to attend college, fewer than half (43 percent) have a specific plan to pay for higher education.
- The majority of teenagers learn about personal finance from school (60 percent), followed by their parents (54 percent).
- Fewer than half of teens (44 percent) have savings accounts, and only 18 percent have checking accounts.