Empowering Students: SouthEast Bank Bridges Financial Literacy Gap
Enhancing Financial Education for Students
In an era where financial literacy is critically important, SouthEast Bank is making a significant impact by sponsoring a comprehensive financial literacy curriculum in Tennessee schools. This initiative is set to reach over 2,600 high school students across 30 schools during the 2024-2025 academic year.
Strategic Partnership with EVERFI
Through a strategic partnership with EVERFI, a recognized leader in education technology, SouthEast Bank is working to empower students with essential financial knowledge. EVERFI provides an interactive learning platform that breaks down complex financial concepts into manageable lessons. These engaging modules cover everything from understanding pay stubs to completing the FAFSA form, all designed to equip students with crucial skills as they transition into adulthood.
The Importance of Financial Literacy
Ray Martinez, CEO of EVERFI, emphasizes the significance of this educational endeavor. He notes that many young people face challenges in accessing clear and age-appropriate financial information. By investing in financial literacy at such a pivotal stage in their lives, students will be better prepared to navigate the economic landscape and make informed decisions in the future.
Measuring Success and Progress
The EVERFI platform not only delivers education but also includes robust tracking tools for educators. Teachers can monitor each student's progress in real-time, providing valuable insights into their learning journeys. This allows for tailored educational experiences that address individual needs and skills development.
Proven Impact on Students
Since its inception in 2014, SouthEast Bank's partnership with EVERFI has significantly grown, impacting approximately 3,000 students yearly. Last academic year alone, participants engaged with over 6,800 hours of learning. The majority of students reported increased confidence in their ability to make sound financial choices after completing the program and 84% expressed readiness to utilize budgeting as a vital component of managing their finances.
Commitment to Community Empowerment
SouthEast Bank's leadership, particularly Ron Gambill, the executive vice president, highlights the bank’s dedication to community empowerment. By aligning with EVERFI, SouthEast Bank not only supports financial literacy but also fosters an environment where students can thrive. The bank is committed to providing accessible education that equips young people to pursue financial success.
About EVERFI
EVERFI is a pioneering education technology organization that is devoted to driving social change through educational initiatives. Founded in 2008, the company provides a variety of essential resources aimed at addressing prevalent societal challenges, including financial wellness and mental health. With millions of learners benefitting from its innovative digital content, EVERFI plays a critical role in enhancing educational outcomes across the globe.
About SouthEast Bank
SouthEast Bank is a reputable community bank headquartered in Farragut, Tennessee. With impressive assets exceeding $3.3 billion, the bank provides a broad range of financial services tailored for families and businesses throughout the region. Their commitment to educational loan options through ELFI underscores their focus on enhancing community financial health. SouthEast Bank's longstanding tradition of local decision-making and active community involvement has contributed to its success since its establishment.
Frequently Asked Questions
What is the purpose of SouthEast Bank's financial literacy program?
The program aims to provide high school students with essential financial skills necessary for managing personal finances and making informed decisions as they enter adulthood.
How does EVERFI contribute to this initiative?
EVERFI develops and provides an interactive financial literacy curriculum that teaches students about important financial concepts through engaging lessons and activities.
How many students are impacted by this program?
This initiative is anticipated to reach over 2,600 high school students in Tennessee during the 2024-2025 school year.
What feedback have students provided about the program?
Many students have reported increased confidence in their financial decision-making abilities, with a significant percentage expressing preparedness to create and manage budgets.
What is the long-term vision of SouthEast Bank regarding financial literacy?
SouthEast Bank aims to continually empower young people through accessible financial education, helping them build a strong foundation for their financial futures.
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