Everfi just rolled out a new scholarship program worth more than $1.5 million, supported by nine companies and nonprofits. The idea is simple: students who take financial and life skills courses on Everfi’s platform can earn scholarships to help them continue their education after high school.
Companies and organizations backing the scholarships include CalKIDS, Center for Audit Quality, City National Bank, Edward Jones, MassMutual Foundation, OneMain Financial, PenFed Credit Union, Principal Foundation, and Truth Initiative. Everfi says this program lets its partners reach more students by leveraging their school connections and their online platform.
Key Details
- Total Commitment: Over $1.5 million in scholarships
- Named Partners: CalKIDS, Center for Audit Quality, City National Bank, Edward Jones, MassMutual Foundation, OneMain Financial, PenFed Credit Union, Principal Foundation, and Truth Initiative
- Delivery Model: Scholarships are linked to completion of financial and life-skills education provided through Everfi’s platform and school network.
- Policy Context: This announcement comes as the federal government is starting the new “Invest America” child investment account. Beginning July 4, 2026, babies born between 2025 and 2028 will get a $1,000 federal deposit to help kickstart their savings for the future.
Everfi says the new scholarships are a response to how expensive college has become and the fact that fewer teens are enrolling. In 2024, only about 63% of recent high school grads enrolled in college, and many say money is a major reason.
Ray Martinez, CEO of Everfi, said the goal is to turn what students learn in class into real help for their futures. “More than ever, students and families need pathways that translate education into opportunity,” he said.
Paola Garcia-Abbo, a vice president at OneMain Financial, called these scholarships a way to break down barriers for students who are trying to learn—and build a better future for themselves.
Everfi said it works with thousands of school districts across the U.S., Puerto Rico, and Canada, and that its partners use the platform to run scholarship and awareness efforts while aligning implementation with state and federal guidance.