NEW
YORK, March 7, 2024 /PRNewswire/ -- New research
released today shows that students who took OneMain Financial's
proprietary credit education course for high school students –
Build: Credit Fundamentals – demonstrated significant
improvement in understanding the importance of building and
maintaining good credit, critical skills in successfully managing
finances.
"The Importance of Credit-Based Education for High School
Students," developed by EVERFI from Blackbaud, the leader in
powering social impact through education, details the impact that
Build has had on students since its inception in
August 2022. The research, which
followed the progress of 17,000 high schoolers who took the course,
shows that OneMain's Build course has used evidence-based
approaches to improve credit knowledge for high school students
nationwide.
"Educational programs that focus on knowledge gains and attitude
shifts are essential for creating the roadmap for future behavior
change, and that is exactly the result we have seen with our
Build course," said Paola Garcia
Abbo, OneMain's Head of Impact. "This is further evidence of
how OneMain's curriculum empowers young people with the skills
necessary to navigate their financial futures successfully."
Key takeaways from the research include:
- When measuring knowledge gained from taking
the Build course, students showed a 43% increase
in their understanding of acquiring credit, a 40% increase in
understanding the impacts of increased credit usage, an impressive
126% increase on the topic of managing credit and a 98% increase
regarding addressing issues with credit.
- Regardless of the students' socioeconomic backgrounds, all
surveyed students saw comparable gains in knowledge and healthy
financial perspectives.
Build is one of the four digital courses offered in the
Credit Worthy by OneMain program at no cost to schools. All
four courses are available in both English and Spanish.
Build is designed to help high school students develop
healthy credit habits early and understand topics such as growing
and managing credit and addressing issues and inaccuracies in their
credit record.
Since its inception, Credit Worthy by OneMain has reached
more than 3,600 high schools and more than 300,000 students across
all 50 states, Washington D.C.,
and Puerto Rico. In addition to
Build, the curriculum covers financial basics,
entrepreneurship, and preparing for college or careers after high
school. OneMain also offers the Credit Worthy Family Resource
Center and is funding $300,000 in
scholarships for students participating in Credit Worthy by
OneMain.
About OneMain Financial
OneMain Financial (NYSE: OMF) is the leader in offering nonprime
consumers responsible access to credit and is dedicated to
improving the financial well-being of hardworking Americans. We
empower our customers to solve today's problems and reach a better
financial future through personalized solutions available online
and in 1,300 locations across 44 states. OneMain is committed to
making a positive impact on the people and the communities we
serve. For additional information, please
visit OneMainFinancial.com.
Media Contact:
Kelly
Ogburn
410-537-9028
kelly.ogburn@omf.com
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SOURCE OneMain Holdings, Inc.
