Nebraska State Treasurer Don Stenberg awarded certificates today to 29 Minden High School students who completed Nebraska NEST Financial Scholars, an online financial literacy program provided to schools by the Nebraska Educational Savings Trust (NEST).
“Congratulations and best wishes to all of you who have gained a greater understanding of personal finance through Nebraska NEST Financial Scholars and who have positioned yourselves to be smart consumers, wise investors, and financially responsible adults,” Treasurer Stenberg told the students in a recognition ceremony at Minden High School.
“You represent more than 700 Nebraska high school students who have benefited – and will continue to benefit – from Nebraska NEST Financial Scholars,” Stenberg said. The online educational program was developed by EverFi, Inc., of Washington, D.C., and made available to Nebraska high schools through NEST.
Nebraska NEST Financial Scholars can be accessed by Nebraska high school teachers and students through the State Treasurer’s website at www.treasurer.org. NEST, the state-sponsored 529 college savings program, is a division of the Nebraska State Treasurer’s Office. Treasurer Stenberg, who is Trustee of NEST, announced in May 2013 that NEST would sponsor the EverFi program for schools across the state.
“Two objectives guided that decision: I wanted to encourage financial literacy education statewide, and I wanted to increase awareness of the benefits of savings for college through NEST,” Stenberg said.
In all, 74 schools in Nebraska are making the NEST Financial Scholars program available to their students at no charge to the schools, the students, or the taxpayers. To date, more than 2,000 students have been reached through the program, and 706 have been certified as NEST Financial Scholars. In another 42 Nebraska schools, the EverFi program has been provided through the sponsorship or co-sponsorship of local banks.
While NEST has provided initial seed funding for the statewide sponsorship, EverFi continues to work with banks, foundations, and corporations to provide additional funding to make sure that high school students across Nebraska have access to financial literacy education through the EverFi program.
“Financial literacy is a critical life skill,” Treasurer Stenberg said at the certification ceremony at Minden High School. “Concepts of savings, credit, investments, interest rates, and mortgages surround us all every day. As students, you need this essential knowledge to make wise financial decisions in your lifetimes. I am pleased to work with Nebraska teachers and EverFi to reimagine the way financial education is taught today.”
Treasurer Stenberg also plans to present EverFi certificates to students Thursday, April 24, at Alliance High School and Tuesday, April 29, at Tekamah-Herman High School, his alma mater, and Lincoln Christian High School.
EverFi’s web-based teaching platform uses new media technologies—video, animations, 3-D gaming, avatars, and social networking—to bring complex financial concepts to life for today’s digital generation. Topics include credit cards, credit scores, insurance, mortgages, savings, stocks, student loans, taxes, 401 (k) plans, and other personal finance concepts that meet national financial literacy standards. The course is presented in 10 modules and takes about eight hours to complete.
Each student who completes the course earns a Certification in Financial Literacy, which can be used on social media platforms and on college admission applications and employment resumes.
About EVERFI, Inc.
EVERFI is an international technology company driving social change through education to address the most challenging issues affecting society ranging from financial wellness to prescription drug safety to workplace conduct and other critical topics. Founded in 2008, EVERFI is fueled by its Software-as-a-Service (SaaS) community engagement platform and has reached more than 30 million learners globally. Recognized as one of the World's Most Innovative Companies by Fast Company in 2020, EVERFI powers community engagement in a sustained manner to empower individuals and organizations to make an impact within their communities. The Company also convenes Networks to bring together financial institutions, colleges and universities, and some of the largest corporations to leverage insights and connections to drive impact. Some of America's leading CEOs and venture capital firms are EVERFI investors including Amazon founder and CEO Jeff Bezos, Google Chairman Eric Schmidt, Twitter founder Evan Williams, Advance, Rethink
NEST is a tax-advantaged 529 college savings plan and provides four plans to help make saving for college simple and affordable: NEST Direct College Savings Plan, the NEST Advisor College Savings Plan, the TD Ameritrade 529 College Savings Plan, and the State Farm 529 Savings Plan. The Nebraska State Treasurer serves as Program Trustee. Union Bank & Trust Company serves as Program Manager, and all investments are approved by the Nebraska Investment Council. Families nationwide are saving for college using Nebraska’s 529 College Savings Plans, which have more than 281,000 accounts, including over 93,000 in Nebraska. Visit NEST529.com and treasurer.nebraska.gov for more information.