Higher One Announces Innovative Web-Based Financial Literacy Program for High School Students
New Initiative in Partnership with EverFi, Inc. to Launch in Fifty High Schools Across U.S.
NEW HAVEN, Conn.--(BUSINESS WIRE)-- Higher One, a leading provider of financial services and data analytics to over 1,600 colleges and universities, has announced a new partnership with EverFi, Inc., to bring critical financial literacy education to high school students through an interactive, web-based financial management program.
The Higher One Financial Scholars Program will be fully implemented in 50 select high schools by this fall across nine states at no cost to the schools or taxpayers. The states will include California, Florida, Illinois, Iowa, Massachusetts, Michigan, Ohio, Oregon and Pennsylvania.
"This initiative stems from research indicating that effective financial literacy education must start early on to help students increase their ability to make sound financial decisions during college and beyond," said Mary Johnson, Financial Literacy and Student Aid Policy Director at Higher One. "It is essential that we address this critical need—and this partnership furthers Higher One's belief that all students can become financially savvy when given much-needed tools and information."
The web-based learning platform utilizes the latest technologies—including video, animations, 3-D gaming, avatars and social networking—to bring complex financial concepts to life for today's digital generation. Through the platform developed by EverFi, students will become certified in more than 600 topics in financial education, allowing them to become more informed, responsible consumers.
"The Higher One Financial Scholars Program provides students with great information that they will be able to use in the real world," said Judy Fletcher, a teacher at Wesley Chapel High School in Wesley Chapel, Florida. "I also particularly like the program's pre- and post-assessment features as it provides important feedback to evaluate the needs of my students."
The 10-unit course offers over six hours of programming aimed at teaching, assessing and certifying students in a variety of financial topics including credit scores, insurance, credit cards, student loans, mortgages, taxes, stocks, savings, 401(k)s and other concepts that map to national financial literacy standards. The learning platform uniquely tracks student knowledge gains as well as changes in attitudes and behaviors about these important issues.
About Higher One
Higher One is a leading company focused on creating cost-saving efficiencies for higher education institutions and providing high-value services to students. Higher One offers a wide array of technological services on campus, ranging from streamlining the institution's performance analytics and financial aid refund processes to offering students innovative banking services, tuition payment plans, and the basics of financial management. Higher One works closely with colleges and universities to allocate resources more efficiently in order to provide a higher quality of service and education to students.
Founded in 2000 on a college campus by students, Higher One now serves more than half of the higher education market, providing its services to over 1,600 campuses and more than 13 million students at distinguished public and private institutions nationwide. More information about Higher One can be found at HigherOne.com.
EverFi Inc. is the leading education technology company focused on teaching, assessing, and certifying K-12 and college students in the critical skills they need for life. The company teams with major corporations and foundations to provide the programs at no cost to K-12 schools. Some of America's leading CEOs and venture capital firms are EverFi investors including Amazon founder and CEO Jeff Bezos, Twitter founder Evan Williams, Rethink Education, New Enterprise Associates, Inc. (NEA), and Tomorrow Ventures (the investment arm of Google Chairman Eric Schmidt). Learn more at www.everfi.com.
Lauren Perry, Public Relations Coordinator
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