As the school year closes, many of today’s younger consumers are likely gearing up to spend money, yet among U.S. adults ages 18 to 34, just over half are paying their bills on time. Furthermore, 44 percent of high school students report that they don’t know what a credit score measures, according to a study conducted by the Consumer Federation of America.
First State Bank and Trust is trying to change those statistics by providing financial literacy education to high school students in our local communities. To help in that endeavor, the bank has partnered with EverFi, the nation’s leading education technology company.
Currently, First State Bank and Trust sponsors the EverFi program in three local high schools — Stillwater Area High School, New Heights School and St. Croix Preparatory Academy.
Emma Steele of New Heights School won a $1,000 scholarship offered by First State Bank and Trust for taking the EverFi course. Steele will be attending the University of Minnesota Rochester in the fall of 2017.