Last Wednesday, EverFi launched its new financial literacy platform geared towards students from fourth to sixth grade. EverFi is a DC-based developer of an education technology platform designed to teach life skills such as digital literacy, student loan management and alcohol prevention to young students.
Vault-Understanding Money, the new program, features games and story-based activities along with interactive lessons designed to challenge youngsters to make choices in real-life scenarios. These lessons range from from career advice to budgeting and saving responsibility and decision-making. The new-media financial literacy platforms are now offered to primary schools, high schools, colleges and universities.
“Over the years, our school partners have often asked if we could build a financial literacy platform for younger audiences,” said EverFi Chief Executive Officer Tom Davidson. “After almost a year of development, Vault – Understanding Money is an incredible new learning platform that appropriately brings financial concepts to life for young children. The combination of new media, gaming, and the ability to track and measure progress of every student is entirely unique. We remain honored to work in schools across the country to bring them this new tool.”
Vault-Understanding Money was specifically developed to introduce financial literacy skills early in a child’s cognitive development. The program was launched by John Calipari, coach of the men’s basketball team at the University of Kentucky; Hal Rogers, U.S. Representative; and Terry Holliday, Kentucky Education Commissioner as part of a statewide financial literacy initiative in the Commonwealth of Kentucky. Calipari’s family foundation will partner with local banks to provide the program free of charge to elementary schools in Kentucky for the 2011-2012 academic year. The 2.5-hour curriculum aligns with both state and national standards.