Republic Bank of Chicago is proud to sponsor the EVERFI National Financial Bee, taking place April 20-24, 2020. The National Financial Bee is a first-of-its-kind nationwide financial literacy challenge for students in 7th-10th grade.
As families across the country are struggling to balance work, childcare, and homeschooling amidst widespread school closures driven by the COVID-19 pandemic, the National Financial Bee provides an opportunity for students to have some fun and learn critical financial concepts at home while social distancing.
“Republic Bank of Chicago is committed to the education and growth of our communities especially during times like these,” said Nora Reyes, Senior Vice President Compliance/CRA Officer of Republic Bank of Chicago. “We are hopeful that our partnership with the EVERFI National Financial Bee will encourage families to have open conversations about important financial topics while offering students additional online learning.”
The five-day challenge, created by social impact education innovator EVERFI, and supported by leading financial institutions nationwide, features a short daily digital lesson and capstone essay contest in which students will share a financial dream of theirs and how they plan to get there. Winners of the National Financial Bee will receive a total of $20,000 in college scholarships.
“We understand the importance of supporting financial literacy in our communities during unprecedented times,” said Thomas L. Bugielski, President and CEO of Republic Bank of Chicago. “As we learn to navigate the ever-changing situation, we remain dedicated to our core value of serving our communities and neighbors. A few months ago, that meant visiting with students face to face to have these conversations, now we are offering online opportunities that allow them to continue those significant lessons.”
During each day of the challenge, participating students will gain new skills to create a personalized financial decision-making framework that they can apply to their lives now and in the future. Topics include spending and saving, credit and debt, employment and income, investing, and insurance.
“Across the country, families are facing unprecedented uncertainties and challenges. Parents are dealing with the loss of income or are adjusting to working from home, while students are trying to continue their studies outside of the classroom,” said Ray Martinez, founder, and president, EVERFI. “We’ve always been committed to helping students increase their financial literacy, and during this historic time we are also working to help parents feel secure — and help students stay engaged. The National Financial Bee is a fun way for students to compete with their peers while social distancing.”
To learn more about and to participate in the National Financial Bee, click here.