During the 2021-2022 school years, students who took Fifth Third Bank Finance Academy® courses increased their knowledge about financial topics by 50%. On assessments taken before the courses, students scored an average of 57; post-course assessments saw those figures increase to 85 out of 100.
Some key statistics include:
Knowledge about financing higher education increased 54 points from 40 to 84.Insurance knowledge increased from 48 to 88.Income and employment awareness increased from 55 to 84.Consumer skills increased from 56 to 85.
“Before Finance Academy, I saw college as something difficult to pay for if not impossible as my family and I are immigrants in this country, but after receiving the knowledge of this program, I realized that there are many options to pay for college and become a successful individual,” said Stephanie Franchi, a Fifth Third Finance Academy student in Indiana.
Fifth Third Bank Finance Academy® is one of the Fifth Third Bank L.I.F.E. (Lives Improved through Financial Empowerment®) programs offered at no charge to people at every age and stage of life. Other signature programs include the Fifth Third Bank Young Bankers Club® and the Fifth Third Financial Empowerment Mobile, or eBus, a financial empowerment classroom on wheels, that takes financial access and resources directly into underserved communities.
