Sallie Mae® and EVERFI Partner to Bring New Digital Financial Literacy Program to High School Students in California

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The program will highlight options for financing higher education

Sallie Mae and EVERFI, an international innovator in social impact education, today announced a new strategic partnership to deliver a specialized financial literacy program to high schools in California. that of Sallie Mae Knowledge for College is an interactive and unbiased online course that will be made available to juniors and seniors across California at no cost to students, schools, or taxpayers. The program will be offered to students learning in a classroom or virtually, and is designed to reach them early in the college review process to increase their knowledge about entering college and how to effectively fund college. Higher Education.

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The program includes five interactive modules to help students develop concrete strategies to responsibly finance their post-secondary education, as well as manage their finances for life. The program covers everything from introductory topics like saving and budgeting to advanced topics like financial aid, student loans, and responsible loan repayment.

“Financial literacy provides students with a solid foundation of knowledge and confidence to make informed decisions about the future,” said Jen O’Donald, senior vice president of Sallie Mae. “This future includes planning and funding for graduate studies, which is one of the first major financial decisions for many students and families. We want families to make these decisions with their eyes wide open, which means providing education and essential information early in the process programs like Knowledge for College.

The launch of Sallie Mae and EVERFI’s financial literacy program is particularly timely given the recent research of Sallie Mae and Ipsos who found about eight in 10 families said planning to pay for college is difficult. Additionally, while families overall feel that having a plan to pay for school is more likely to influence a child’s pursuit of higher education, less than half have a plan and only 51% of students have sought financial assistance. What’s more, the majority of high school students are slow to complete the Free Application for Federal Student Aid (FAFSA) – they risk missing out on thousands of dollars in first-come, first-served aid – and nearly a third ignored it altogether. the FAFSA.

“Students and families continue to enjoy higher education, but there is still some level of anxiety and angst about how to pay for it,” said Ray Martinez, co-founder and president of ‘EVERFI. “That’s why it’s crucial that we provide these students with the tools to be confident in their ability to make sound financial decisions into adulthood. Ensuring that students and their families fully understand not only the student financial aid application process, but the responsibilities it carries are of the utmost importance and will help them prepare for financial success. “

Sallie Mae and EVERFI are launching the course in California, as it’s one of the few states that doesn’t require high school students to take a personal finance course before graduation. The program aligns with state, national, and Jump $ tart Coalition financial literacy standards. To learn more about Sallie Mae’s Knowledge for College program visit https://knowledgeforcollege.everfi.com/.

Sallie mae (Nasdaq: SLM) believes that education and lifelong learning, in all its forms, help people achieve great things. As a leader in private student loans, we provide funding and expertise to help keep the university going, and offer products and resources to help clients achieve new goals and experiences, beyond from university, possible. Learn more at SallieMae.com. Commonly known as Sallie Mae, SLM Corporation and its subsidiaries are not sponsored by or by any agencies in the United States of America.

EVERFI, Inc. is a global technology company that promotes social change through education to solve the most difficult problems affecting society, from financial well-being and prescription drug safety to driving to work and other critical topics. Founded in 2008, EVERFI is powered by its Software-as-a-Service (SaaS) community engagement platform and has reached over 41 million learners worldwide. Recognized as one of the world’s most innovative companies by Fast Company in 2020, EVERFI fosters community engagement on a sustained basis to empower individuals and organizations to make an impact within their communities. The company also organizes networks to bring together financial institutions, colleges and universities, as well as some of the largest companies to leverage knowledge and connections to drive impact. Some of America’s top CEOs and venture capitalists are EVERFI investors, including Amazon Founder and CEO Jeff Bezos, Google Chairman Eric Schmidt, Twitter Founder Evan Williams, as well as Advance, Rethink Education and Rethink Impact. To learn more about EVERFI, visit everfi.com or follow us on Facebook, Instagram, LinkedIn or Twitter @EVERFI.

Category: Financial Literacy

See the source version on businesswire.com: https://www.businesswire.com/news/home/20201207005573/en/

Contacts

Sallie mae
Jennifer ruiz
302-476-0101
[email protected]

EVERFI, Inc.
Jennifer edgerly
202-871-3637
[email protected]

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