While Tooele County School District students receive quality instruction related to financial literacy and the importance of wise money management skills, how else might we increase students’ financial success? Most high school students are making financial choices now. Many shop, have jobs, pay bills, are eligible for tax refunds if they file, have accounts at financial institutions, make car payments, pay car insurance – and most importantly, college-bound students are preparing to make a student debt choice.
One idea is to provide students and teachers additional support through the establishment of a financial literacy co-op consisting of guest presenters from various local financial institutions. A concept where managers from our local banks and credit unions work together harmoniously toward ensuring that graduating students leave high school with real-world business and financial management skills while developing relationships that last throughout the years.
For the Tooele Education Foundation, preliminary discussion and groundwork has started with establishing this unique co-op. Local financial industry leaders from Zions Bank, Wells Fargo Bank, KeyBank, America First Credit Union, Chartway Credit Union, Cyprus Credit Union, American United Credit Union, Mountain America Credit Union, and H&R Block have committed that they are willing to help this project succeed. These leaders have captured the vision and see the wisdom in providing this kind of supplementary programming. All agree, partnering together and having a high quality, effectively functioning co-op can yield great returns for students. These local experts are just the right people to ensure a meaningful, positive impact with financial literacy learning that will continue to help Utah maintain its A+ grade well into the future.
Life, business, and money all go hand-in-hand, and we want to ensure students are comfortable navigating their world after high school and become successful in whatever their path may be.