Menlo College launches project to raise teen financial literacy

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San Mateo County Times
By: Neil Gonzales
March 9, 2010

ATHERTON - A Menlo College pilot project seeks to help teens navigate the increasingly complicated world of finances while giving them a jump-start toward higher education.
Financial literacy is "way, way more important today than ever," Menlo President Timothy Haight said. "You need to be planning for your savings."

Today, Menlo is unveiling its partnership with the financial-services company Citi
Enhanced Coverage Linking Citi  and the Sequoia Union High School District on a new program to educate high school students about budgeting, investing and other related subjects.

The program, "Learn and Invest for Tomorrow," offers two six-week sessions to about 30 students from Woodside High School, organizers said. Menlo professors and Citi
Enhanced Coverage Linking executives will teach the course this spring and fall semester at the college.

The students will also learn banking products and services, ways to save their money and how to avoid predatory lending schemes, organizers said.

"We are thrilled to partner with Menlo College in this innovative program," Rebecca Macieira-Kaufmann, president of Citibank California, said in a statement. "Financial literacy and a college education are integral to a successful and enriching life, and we strongly support Menlo College's effort to increase awareness of and access to both."

The teens will learn side by side with their college counterparts as the program is also open to Menlo freshman, organizers said. Participating students will earn college credit.

The program will give Woodside High students valuable exposure to the college setting, added Catherine Reeves, Menlo vice president for institutional advancement. "They will get experience as being part of the college classes."

The program could expand to other high schools as well as community colleges across the Bay Area after the trial run this year, organizers said.

The economic crisis nationwide has "demonstrated the need for all Americans to be financially literate," Haight said. "Making the right financial choices will determine whether one will achieve financial independence."

Neil Gonzales covers education. Contact him at 650-348-4338.

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This page contains a single entry by Ernest Roberts published on March 10, 2010 4:06 PM.

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