The BB&T Financial Foundations Program, powered by EverFi, is a highly successful, web-based, financial education resource and now available throughout the BB&T footprint. BB&T recently announced it is expanding the program – which teaches students how to comprehend and work with the principles of personal finance – at no cost to schools or taxpayers.
Since its implementation in 2010, more than 326,000 students have taken the BB&T Financial Foundations course. Students at more than 1,000 schools have logged more than 914,300 hours of learning using the program. After taking the BB&T Financial Foundations course, students on average increased their test score to 88 percent from 47 percent, or improved to a B+ from an F. In addition, students’ understanding of how to maintain a positive credit score nearly doubled, and their comprehension of how to apply for financial aid to help pay for college increased 85 percent.
“Student reception to BB&T Financial Foundations has been overwhelmingly positive,” said Brittany Brown, BB&T Student Leadership Program manager. “At all levels, students have a real desire to better understand how to manage their personal finances, take control of their financial future and become smart consumers and investors.”
The state-of-the-art, web-based learning platform consists of 3-D gaming and simulated environments, avatars, Twitter-like messaging tools and videos. The program, which is incorporated into existing school curriculum, teaches high school juniors and seniors financial concepts. The curriculum includes topics such as credit scores, savings and investments, 401(k) offerings, stock exchanges, mortgages, the Federal Reserve, taxes and insurance.
Congratulations BB&T Corporation!