Fifth Third Bank Sponsors Financial Education for 170,000 Students

Strategic Insights -

Fifth Third Bank announced its commitment to educate 170,000 students on personal finance through its partnership with Dave Ramsey's Foundations in Personal Finance course in 1,637 high schools within its footprint. The bank's aim is to equip students with the knowledge and tools to make wise financial decisions. This initiative is part of the bank's L.I.F.E. (Lives Improved through Financial Empowerment) program, which focuses on delivering financial education to people at various stages of life.

Key Takeaways:

  • Fifth Third Bank sponsored the Dave Ramsey's Foundations in Personal Finance course for 170,000 students in 1,637 high schools.
  • The course is designed to provide students with 21st-century personal finance knowledge and skills in a student-centered, competency-based approach to learning.
  • The program features a comprehensive curriculum with 12 chapters, divided into four units: Saving and Budgeting; Credit and Debt; Financial Planning and Insurance; and Income, Taxes, and Giving.
  • The curriculum includes 100+ classroom activities, a blended learning site with calculators, tools, and resources, a test bank, and a teacher's guide.
  • Fifth Third Bank's L.I.F.E. programming has shown a positive impact on students' lives, with Rachel Cruze stating that the bank has a real dedication to equipping young adults with the skills they need to succeed financially.
  • The program is available on Fifth Third's website at www.53.com/life.

Statistics:

  • 1,637 high schools within Fifth Third Bank's footprint are participating in the Dave Ramsey's Foundations in Personal Finance course.
  • 170,000 students are being educated on personal finance through the course.
  • The curriculum features 12 chapters, divided into four units.
  • 100+ classroom activities are included in the program.
  • $142 billion is the number of assets Fifth Third Bancorp has.
  • Fifth Third operates 1,299 full-service Banking Centers and 2,630 ATMs in several states.

Sources:

  • BusinessWire: "Fifth Third Bank Sponsors Dave Ramsey's Foundations in Personal Finance to Educate 170,000 Students" (Source: http://www.businesswire.com/news/home/20151002005372/en/)
  • Education Letter: "Fifth Third Bank Announces Sponsorship of 170,000 Students for Financial Education" (Source: VerticalNews, OCT 21, 2015)