DISCOVER AWARDS A $16,000 FINANCIAL EDUCATION GRANT TO SPOTSYLVANIA SCHOOL DISTRICT
Grant is part of Discover's five-year national commitment to bring financial education to thousands of classrooms across the country
Riverwoods, IL — August 7, 2012 —Discover Financial Services announced today that it has awarded Spotsylvania School District in Fredricksburg with a $16,000 grant to cover the cost of implementing a financial education course into their curriculum. The grant is part of Discover's Pathway to Financial Success program, a five-year, $10 million investment to bring financial education curriculum into public high schools across the country.
The grant will provide all five high schools in the district with access to a high school financial education curriculum.
Statistics show that a majority of Americans lack the knowledge to make good financial decisions. A study by Sallie Mae showed that 84 percent of high school students said they needed more education on financial management topics, and the Department of the Treasury reported that graduates of high schools in which personal financial education is offered achieve higher savings rates and net worth than those graduating in states where financial education is not mandated.
Discover expects Pathway to Financial Success to reach more than a half million students over the next five years as it works to raise awareness about the need for financial education in the classroom, and provide financial education tools and resources for schools to use in teaching students. So far, Discover has awarded over $1.8 million in financial education grants to public high schools across the country.
To learn more about the program, please visit Pathwaytofinancialsuccess.org.
Discover Financial Services (NYSE: DFS) is a direct banking and payment services company with one of the most recognized brands in U.S. financial services. Since its inception in 1986, the company has become one of the largest card issuers in the United States. The company operates the Discover card, America's cash rewards pioneer, and offers personal and student loans, online savings accounts, certificates of deposit and money market accounts through its Discover Bank subsidiary. Its payment businesses consist of Discover Network, with millions of merchant and cash access locations; PULSE, one of the nation's leading ATM/debit networks; and Diners Club International, a global payments network with acceptance in more than 185 countries and territories. For more information, visit http://www.discoverfinancial.com.
Matthew Towson, 224-405-5649