The Iowa Bankers Association is sponsoring ten $1,000 scholarships that will be provided to Iowa high schools participating in Project Financial Literacy this school year. Starting Oct. 1, Iowa schools can sign up to participate in this program at www.projectfl.org.
Project Financial Literacy is designed to promote financial literacy education by providing high schools with resources to measure and improve their financial literacy curriculum. The program offers schools an assessment tool, created by Ednalysis, an Iowa-based company, to measure their curriculum against the 21st Century Skills framework of the Iowa Core Curriculum. The tool helps measure students’ knowledge in the areas of achieving financial goals, managing money effectively, debt decision-making, risk management, investment and asset building, and legal and ethical financial behavior.
“At the Iowa Bankers Association, we are excited to support this opportunity to help schools with their financial literacy programs. Financial literacy is critical to the future success of our students and our communities. By equipping students with a strong financial education today, we can help empower them to make sound financial decisions that will have a positive impact on their future,” said Lori Ristau, vice president of marketing and communications for the Iowa Bankers Association. “This program also aligns perfectly with the core values of Iowa banks. Financial literacy is at the heart of what Iowa banks do. Iowa banks are not only a resource for financial products and services, but also a resource for financial expertise and advice.”
The assessment tool is provided to schools free of charge thanks to the support of local sponsors, including Iowa banks. Participating schools also will be eligible for a mix of merit-based and random drawings from which ten schools will receive the scholarships sponsored by the Iowa Bankers Association. Schools can use the scholarships to improve their financial literacy programs or to provide scholarships to students. Scholarship award winners will be announced in early March 2015.