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HARRISBURG, PA. — Pennsylvania Association of Community Banks president and CEO Kevin Shivers lauded the signing of the state’s Public School Code into law this week, which includes a vital financial literacy component for public school students. Shivers explained the tenants of Senate Bill 647, authored by Pennsylvania State Senator Chris Gebhard (R-Lebanon County), was amended into the code, which will provide public school students in grades 9-12 with financial education to help them make sound financial decisions, including how to prepare for a plan for post-secondary education, borrowing money for an automobile or other substantial purchases, home mortgages and more. “One of PACB’s goals is to prepare young people with the financial knowledge and skills to meet the challenges they will face once they leave high school and head into adulthood,” said Shivers. “Studies consistently show that students who take financial literacy courses make better financial choices and have higher credit scores. We know that a person’s financial decisions can have a lasting impact, even years down the road, affecting their ability to get a small business loan, buy a house, get married, and start a family. This financial education is a step in the right direction to better the financial health and stability of future generations.” PACB member banker Kody Sitch, from Jonestown Bank and Trust in Lebanon County, testified earlier this year before the Pennsylvania Board of Education about the importance of adding financial literacy to Pennsylvania’s education standards. About the Pennsylvania Association of Community Bankers The Pennsylvania Association of Community Bankers, headquartered in Harrisburg, Pennsylvania, exclusively represents the interests of community banks chartered in the Commonwealth and nearly 14,000 men and women who work in their communities to make the financial dreams of their neighbors become reality. Its mission is to empower community banks to positively impact their communities.
HARRISBURG, PA. — Pennsylvania Association of Community Banks president and CEO Kevin Shivers lauded the signing of the state’s Public School Code into law this week, which includes a vital financial literacy component for public school students.
Shivers explained the tenants of Senate Bill 647, authored by Pennsylvania State Senator Chris Gebhard (R-Lebanon County), was amended into the code, which will provide public school students in grades 9-12 with financial education to help them make sound financial decisions, including how to prepare for a plan for post-secondary education, borrowing money for an automobile or other substantial purchases, home mortgages and more.
“One of PACB’s goals is to prepare young people with the financial knowledge and skills to meet the challenges they will face once they leave high school and head into adulthood,” said Shivers. “Studies consistently show that students who take financial literacy courses make better financial choices and have higher credit scores. We know that a person’s financial decisions can have a lasting impact, even years down the road, affecting their ability to get a small business loan, buy a house, get married, and start a family. This financial education is a step in the right direction to better the financial health and stability of future generations.”
PACB member banker Kody Sitch, from Jonestown Bank and Trust in Lebanon County, testified earlier this year before the Pennsylvania Board of Education about the importance of adding financial literacy to Pennsylvania’s education standards.
About the Pennsylvania Association of Community Bankers The Pennsylvania Association of Community Bankers, headquartered in Harrisburg, Pennsylvania, exclusively represents the interests of community banks chartered in the Commonwealth and nearly 14,000 men and women who work in their communities to make the financial dreams of their neighbors become reality. Its mission is to empower community banks to positively impact their communities.