Hillsboro, OH– (July 14, 2017) – During the 2016-2017 academic year, four local Ohio high schools were utilizing NCB’s Money Matters Program, a free, digital financial education program. NCB has partnered with leading education technology company EverFi, Inc., to bring this interactive, web-based financial education program to over 1,280 students since 2013. In 2017, the program has already reached more than 250 students.
“NCB is proud to have empowered so many students with the essential skills needed to make sound financial decisions,” Deb Jones, NCB Ohio, Co-President said. “It is crucial that our younger generation understand important aspects of personal finance like the difference between wants and needs and how to make a budget. This program is providing students with the knowledge needed to successfully navigate the increasingly complex financial world we live in.”
The 254 students reached through NCB’s Money Matters program completed 1,470 hours of learning during the 2016-17 school year. Students’ understanding of key financial topics rose by an average 37% based on pre- and post-assessment scores. Among the valuable topics covered were saving, banking, investing, renting versus owning, credit scores, taxes and insurance, and consumer fraud.
“The program engages and interacts with students while placing them in real-world scenarios,” said a teacher using the program. “Students truly appreciate learning about topics that they can and will use in their day-to-day lives.”
According to recent EverFi survey data, 87% of parents talk to their kids about money but only 43% of parents describe themselves as 'well prepared' to teach their kids about money, and many do not discuss more complex concepts like credit, financing higher education, or building wealth, focusing instead on values and rules-of-thumb like saving, managing spending, and avoiding debt. These statistics support the need for financial education in a school setting, where all students have an equal opportunity to learn essential financial skills. NCB’s Money Matters program is implemented in a co-curricular basis, providing students with the opportunity to develop healthy financial attitudes and behaviors in a classroom setting.
NCB’s partnership with EverFi, Inc. brings the program to local students at no cost to the schools or the taxpayer.
Administered by teachers in a classroom setting, the online course offers over six hours of programming on a variety of financial topics including credit scores, insurance, credit cards, student loans, mortgages, taxes, stocks, savings, 401k’s and other critical concepts that map to national financial literacy standards. The platform uniquely tracks the progress and performance of every user, further helping to set students on a path to financial security and a successful life.
"Helping students and adults develop a foundation of financial understanding and capability is absolutely critical," said EverFi Founder and CEO Tom Davidson. “We are grateful for our partnership with NCB who is tackling this issue head on and taking positive steps to prepare young people with the critical financial management skills needed to be savvy, responsible consumers.”
About EverFi
EverFi, Inc. is the leading education technology company focused on teaching, assessing, and certifying K-12 and college students in the critical skills they need for life. The company teams with major corporations and foundations to provide the programs at no cost to K-12 schools. Some of America’s leading CEOs and venture capital firms are EverFi investors including Amazon founder and CEO Jeff Bezos, Twitter founder Evan Williams, and Google Chairman Eric Schmidt. Learn more at everfi.com.
