Wow. I love being able to write positive stories about Jefferson County Public Schools (or anything in education, really). And this is certainly a major win.
JCPS just announced that Central High School Magnet Career Academy is unveiling an in-school, student-run bank. The grand opening will be held this Wednesday, 12/16, at 10:00 A.M. Fifth Third Bank CEO & President Phil McHugh will be on-hand to present a $4,500 scholarship check during the ceremony.
According to a press release, 30 students will run the bank each year. Both faculty and students will be able to set up checking and savings accounts, cash checks, save for class rings, dues and more. Incentives (not clear what) will be provided as motivation for students to save.
“CHS is grateful for the quality of education and increased opportunities for our students this partnership will provide, said Principal Dan Withers. “We are grateful to organizations like Fifth Third Bank for their commitment and support of the community and to the education of our young people.”
McHugh says it best himself, “Helping to provide students with the tools and support they need to succeed as financial services industry employees is very rewarding and it’s exciting to work with young people who are eager to learn and succeed.”
Major kudos to JCPS and 5/3 for working together over the next three years to provide students with real world experience: hands-on financial education. This is a step in the right direction toward preparing kids for life.