TOPEKA, KANSAS –Governor Brownback, Securities Commissioner Aaron Jack, Banking Commissioner Ed Splichal, Mike Norris Vice President of Kansas Bankers Association and Bob Kobbeman, President Captial City Bank announced a new initiative to bring financial literacy education to high school students across the state of Kansas. The Kansas Financial Scholars Program, created by EverFi Inc., uses the latest in new media technologies – video, animations, 3-D gaming, avatars, and social networking – to bring complex financial concepts to life for today’s digital generation. Through participation in the program, students will become certified in over 600 topics in financial education, allowing them to become more informed, responsible citizens. The Securities and Banking Commissioners and theKansas Bankers Association have partnered with EverFi, Inc. to bring the interactive financial management program to these high school students at no cost to the schools.
Shawnee Heights High School students began the using the program at the beginning of the school year and although there are other schools actively utilizing the program, they are the first in Kansas to complete the 6-hour course. Governor Brownback congratulated Shawnee Heights students for leading the way for Kansas schools. Expressing the need for financially literate students, Brownback sharedthat for the first time in history, student loan debt in America now exceeds credit card debt. “You’re going into some of your prime borrowing years”, he told the students. “You are going to have to know how to manage your debt and your investments”. The Governor expressed his desire to see financial literacy worked into the overall curriculum in ways that harmonize with the existing school curriculum.
Securities Commissioner, Aaron Jack added, “Teaching young people advanced mathematics is critically important to our state and country’s future. However, teaching young people mathematics to prepare them to be an engineer to build the next great skyscraper or to go work at NASA does nothing to prepare students to build good credit, purchase a home, save money in a 401(k) plan or IRA, attain and pay off a student loan, prepare taxes, or invest in the stock market. For Kansans to compete in a global marketplace, we need our young people equipped when they graduate high school with thefoundation necessary to create and sustain multi-generational wealth,” Jack concluded.
The 10-unit course offers 6 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, 401k’s and other critical concepts that map to national financial literacy standards. The platform uniquely tracks the progress and score of every student and provides students who successfully complete the course with Certification in Financial Literacy, a valuable mark of distinction on college applications and resumes.