Westfield Bank launched a new web-based financial literacy program last month for students at Akron, Ohio’s Ellet High School, allowing them to become certified in hundreds of personal finance categories at no cost to the school.
The bank partnered with EverFi to launch the interactive program, which uses simulations, avatars, gaming and adaptive-pathing to break down complex financial topics.
“Having just come through one of the worst economic crisis in generations, it is more important than ever to arm young people with the skills to navigate an increasingly complex financial system,” Westfield Bank President Timothy Phillips said. “We are excited to offer students an innovative educational experience that uses the tools they love–digital learning and gaming–to teach this important topic.”
The 10-unit program features six hours or programming geared toward teaching, assessing and certifying students in a number of financial topics, including credit scores, student loans, mortgages, taxes, credit cards, insurance, stocks, savings and 401k programs.
The program tracks student progress and provides students who successfully complete the course with a Certification in Financial Literacy, which can be added to boost college applications and resumes.
“From the small rural towns to major cities across the US, EverFi technology is literally transforming how students learn, and we are incredibly grateful for the public-private partnerships that make this possible,” EverFi CEO Tom Davidson said. “Westfield Bank is critical to the success of our mission to ensure that these cutting-edge tools reach all communities.”