Fifth Third Bank Funds $70,000 in Finance Academy Scholarships
Fifth Third Bank congratulates Kennedy Boler, an Indianapolis high school student, whose winning essay netted her a $2,500 Fifth Third Finance Academy scholarship. Fifth Third celebrated with Boler and her fellow Finance Academy students on January 30. Each year, Fifth Third funds $70,000 in Finance Academy scholarships to be used for higher education.
Fifth Third Finance Academy teaches high school students how to make smart financial choices that promote financial well-being over their lifetime. The program features an interactive learning platform designed specifically to translate complex financial concepts like understanding a pay stub or completing the FAFSA (Free Application for Federal Student Aid) form and introduces the basic financial literacy skills needed as high-school students transition into adulthood.
The robust course library covers a number of topic areas, including income and employment, budgeting, credit and debit cards, and financing higher education. The digital lessons immerse students in real-life financial scenarios to make the topics approachable and relatable.
Program Impact:
- Knowledge Gains: Students who completed Finance Academy increased their scores on financial literacy assessments by 79%.
- Cumulative Reach: The program has helped educate 370,000+ high school students to date.
Fifth Third Finance Academy, powered by EverFi, is a Fifth Third L.I.F.E. (Lives Improved through Financial Empowerment)® program. Since 2004, Fifth Third has delivered signature programs designed to create financial access, education and capability to individuals at every age and every stage of life. Fifth Third has educated nearly 2 million people through its L.I.F.E. programs. More about Finance Academy can be found at FinanceAcademy.53.com.
