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Financial Literacy Initiative Expands Statewide

PROVIDENCE, R.I. - As parents ready their children to go back to school, Treasurer Gina Raimondo announced that EverFi web-based financial literacy curriculum is now available to 53 Rhode Island schools at no cost. This program is part of the Treasurer's Empower RI initiative, supported by Discover's Pathway to Financial Success program and local financial institutions.

"The EverFi financial literacy program addresses a real need in Rhode Island schools," said Treasurer Raimondo. "Personal finance education is essential to the preparedness and success of our state's students. Providing EverFi in these schools will ensure that students will have the knowledge and skills needed to achieve their future financial goals."

Since Treasurer Raimondo and her team introduced the program to Rhode Island schools in spring 2011, the EverFi program has been used by 5,000 Rhode Island students around the state. More than 3,000 students have received their Certificate of Financial Literacy thanks to the support of the following local financial institutions:

Pawtucket Credit Union - Sponsors Barrington High School, Cranston High School East, Cranston High School West and East Greenwich High School Westerly Community Credit Union - Sponsors Chariho Regional High School, Exeter-West Greenwich Regional High School, Narragansett High School, South Kingstown High School, the Prout School and Westerly High School People's Credit Union - Exeter Jobs Corps Academy, Middletown High School, Mt. Hope High School, North Kingstown Senior High School, Portsmouth High School, Rogers High School and Tiverton High School Navigant Credit Union -Sponsors Beacon Charter School, Bishop Francis P. Keough Regional High School, Burrillville High School, Central Falls Senior High School, Charles E. Shea High School, Cumberland High School, East Providence High School, Johnston Senior High School, Lincoln Senior High School, North Providence High School, North Smithfield High School, Ponaganset High School, Scituate High School, Sheila Skip Nowell Leadership Academy, Smithfield Senior High School, William E. Tolman Senior High School and Woonsocket High School Admirals Bank - Sponsors the Academy for Career Exploration, Central High School, Classical High School, Dr. Jorge Alvarez High School, E-Cubed Academy, Hope High School, Juanita Sanchez Educational Complex, Mount Pleasant High School and Providence Career and Technical Academy

As part of their commitment to providing financial literacy in high schools in all 50 states, a grant from Discover's Pathway to Financial Success program will sponsor 10 additional Rhode Island schools. Discover will sponsor Block Island School, Coventry High School, the Jacqueline M. Walsh School for the Performing and Visual Arts, NEL/CPS Construction Career Academy, Paul Cuffee School, Pilgrim High School, The Greene School, Toll Gate High School, Warwick Veterans Memorial High School, and West Warwick Senior High School.

"We believe supporting financial education is critical," said David Nelms, chairman and CEO at Discover. "Through Pathway to Financial Success, Discover is helping to get financial education in schools, and helping students gain important knowledge and tools for life after graduation."

The EverFi financial literacy e-learning platform consists of six hours of game-based, interactive programming aimed at educating students about important 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 program uniquely tracks the progress and score of every student and provides those who successfully complete the course with Certification in Financial Literacy, a valuable mark of distinction on college applications and resumes.

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Related links

Department or agency: RI Office of the General Treasurer

Online: http://www.treasury.ri.gov/

Release date: 08-13-2014

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