ALEXANDRIA, Va.–U.S. Senate FCU said it is sponsoring the EVERFI National Financial Bee, taking place through April 30, 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,” the credit union said.
The five-day challenge, created by social impact education innovator EVERFI, 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.
“At this time of unprecedented uncertainty, and during Financial Literacy Month, USSFCU is especially committed to engaging its communities, increasing financial literacy, and driving impactful change,” said Arthur Green, USSFCU’s VP-marketing. “We are proud to be supporting parents and students at this time through the National Financial Bee and hope it helps drive dinner-table conversations about important financial topics.”
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.