State Treasurer Curtis Loftis, Rep. Robert Williams discuss financial literacy with Brockington students
TIMMONSVILLE – South Carolina Treasurer Curtis Loftis, along with South Carolina’s Future Scholar 529 College Savings Plan and SC Economics, partnered with education technology company EverFi Inc., to bring an interactive, web-based financial management program to every elementary and middle school in the state of South Carolina at no cost to taxpayers. This web-based program focuses on budgeting, career planning, saving, and investing through 3D gaming, animations, and video.
The Future Scholar Financial Literacy program was launched in 2015 and brings critical financial education to students across the state. More than 8,300 students have already benefited from the Future Scholar Financial Literacy program in the 2015-2016 and 2016-2017 school year. The results: students’ financial knowledge increased by an average of 36% after completing the course, based on pre- and post-assessment data collected in the 2015-2016 academic year.
Last week, Loftis and State Representative Robert Williams visited third grade students at Brockington Elementary to reinforce the concepts learned in the online program.
“Young people face an overwhelming number of complex financial decisions, yet research shows they lack the knowledge needed to make sound choices. Saving for college is perhaps one the most important financial decision for young students. The goal of this program is to help children realize just how important it is to learn how to use these financial tools,” said Treasurer Loftis.
“Three out of four young people cannot answer basic financial questions. On top of that, only 16 percent of middle school students think they will need student loans to finance higher education, when in reality almost 70 percent will graduate with student loan debt. This is a national problem that we are working hard to address,” said Williams.
For more information on how your school can get started using the Future Scholar Financial Literacy program, go to scfuturescholar.everfi.com.
For more information on the 529 Savings Plan, visit futurescholar.com, treasurer.sc.gov, or follow on Facebook: @SCStateTreasurer.