Doral Bank Provides Essential Financial Literacy Training to Students
Doral's Program Prepares High School Seniors to Succeed
(firmenpresse) - SAN JUAN, PR -- (Marketwired) -- 08/05/13 -- Doral Bank, a wholly-owned subsidiary of Doral Financial Corporation (NYSE: DRL), announced today that it is expanding its financial literacy program for high school students in Bay County, Florida. Doral's carefully crafted program teaches students essential money management and financial life-skills.
Since the spring of 2012 when Doral launched the program, more than 1,000 students at four Bay District high schools have completed the financial literacy program. To broaden the reach of this successful program, two more schools will be added to the program this month. The program was created in partnership with Bay District Schools and EverFi, Inc., a curriculum developer. Students taking part in the training program utilize an interactive, online learning platform that is also used as part of senior-level economics courses.
"We are delighted that a growing number of Bay County schools have decided to incorporate the financial literacy e-learning program into existing curriculum," said school's manager Laura Mayfield of EverFi. "Our online program uses the latest in new media technologies -- adaptive pathing, 3-D gaming, social networking, online animations, video, and messaging tools to bring complex financial concepts to life."
By participating in the program, students become certified in a number of important topics related to personal finance, including budgeting, saving, using credit cards wisely, and financing higher education. In addition, they are introduced to the stock markets and the Federal Reserve. The program seeks to reduce the number of students who abandon college due to financial stress.
"The partnership represents an innovative private-sector solution to financial literacy in our education system by implementing programs that provide students with critical skills to help them succeed in life, at no cost to the taxpayers," Mayfield noted.
"Studies indicate that financial stress is the number one reason students leave college before graduating. As a community bank, Doral is proud to partner with Bay Schools and provide a financial education foundation in topics such as debt management and establishing and maintaining good credit, which are invaluable as they embark in a new stage in their lives," said Steve Bornhoft, Doral Bank's Florida marketing director.
"As a former economics teacher, I understand how difficult it is to teach these extremely important subjects in our schools. Doral Bank and our other partners have created a program that not only provides our students with the skills they need, but provides them in a way that keeps them engaged and willing to learn," said Bay County Schools Superintendent Bill Husfelt. "This program gives our students a financial head start on the rest of their lives."
Doral Bank is a community bank with branches in Puerto Rico, Florida, and New York . It's a member of the FDIC and a wholly owned subsidiary of Doral Financial Corporation (NYSE: DRL). Doral Financial Corporation is a diversified financial services company engaged in mortgage banking, banking, investment banking, institutional securities and insurance agency operations.
Steve Bornhoft
Florida Marketing Director
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Datum: 05.08.2013 - 12:50 Uhr
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News-ID 284656
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Schools & Cources, Colleges & Universities
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