EverFi recently partnered with Arizona’s Alliance Bank to offer free, unlimited access to web-based financial education to Flagstaff Unified High School students.
The program’s core learning platform is designed to educate millenials on financial literacy skills using popular trends like digital learning and gaming to make complex financial concepts more relatable. Video, animations, 3D gaming, avatars and social networking features are available on the platform.
“Throwing high school graduates into the real world with little to no financial education hurts us all,” Alliance Bank CEO Jim Lundy said in the first quarter edition of “The Arizona Banker,” the official publication of the Arizona Bankers Association.
The 10-unit course offers approximately six hours of instruction that educates, assesses and certifies students in a number of financial topics, including credit scores, credit cards, insurance, student loans, taxes, mortgages, savings, retirement plans and stocks. Each student’s progress is tracked and recorded, and students who successfully complete the course are presented with certification in financial literacy.
Adaptive simulations offered through the platform allow students to weigh the consequences of potential decisions and to practice financial decision-making. Educators can generate reports to show key trends, as well as attitudes and behaviors towards the subject matter.
“As a banker, I’m confident that the students who graduate from this program have a better understanding of their financial options as they look to take on student loans and open their first bank credit cards, ultimately building a better Flagstaff community for generations to come,” Sherri Slayton, the senior vice president and northern regional manager for Alliance and a Flagstaff native said.
EverFi works with nearly half of the 100 largest school districts and over 500 colleges and universities nationwide.
Alliance, a division of Phoenix-based Western Alliance Bank, operates in Phoenix, Flagstaff, Tuscon and Sedona.