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Discover awards nearly $150,000 in financial education grants to Missouri schools

April 13, 2017

Latest Commitment of $71,670 Will Bring Financial Education to more than 1,000 St. Louis Students

St. Louis, MO — April 13, 2017 — With April designated as National Financial Literacy month, Discover Financial Services is announcing its continued commitment to financial education in Missouri by awarding a $71,670 grant to 15 public high schools in St. Louis. The funds will impact the financial education of more than 1,000 students in the area.

The grant is part of Discover’s Pathway to Financial Success program, a five-year commitment to bring financial education curriculum into public high schools across the country. Since 2012, Pathway has awarded more than $13 million in grants to nearly 1,900 schools and districts across the country. Schools receiving grants must agree to pre- and post-test students on the curriculum to measure success.

"St. Louis Public Schools is dedicated to providing students with the knowledge and skill sets to be successful- academically, socially, and financially" said Dr. LaTisha Smith, Director of Curriculum and Professional Development, "The District is very appreciative of the fiscal support provided by Discover through their Pathway to Financial Success program. We understand that students need to be better educated around the financial choices they make today, and the lasting impact these choices have in their future. We are honored to be the recipient of this award and the exponential impact it will on our students and their communities."

Schools in Missouri, one of five states where financial literacy is a requirement, have received a significant amount of Pathway to Financial Success grants. Discover has awarded more than $620,000 in grants to 115 schools throughout Missouri since 2012 and $150,000 in grants this year alone.

Statistics show that high school students lack the knowledge to make good financial decisions. According to Champlain College's Center for Financial Literacy 2015 Scorecard, which gauges the financial literacy of high school graduates, 26 states received grades of C, D or F.

Many of the schools impacted by Discover’s grants for financial education have witnessed an improvement of up to 24 percent – the equivalent of two letter grades – on financial literacy test scores.

“Discover’s mission is to help people spend smarter, manage debt better, and save more so that they can achieve a brighter financial future," said David Nelms, chairman and CEO of Discover. “One of the ways we are fulfilling that mission is through our Pathway to Financial Success program where our goal is simple: equip parents and children with the skills they need to succeed. Through this program, Discover is helping bring financial education into classrooms across the country in a fun, exciting and interactive way.”

Pathway to Financial Success has impacted more than 1 million students by providing schools with the funding to help teachers provide students with the financial education tools and resources they need to make good financial decisions and achieve their personal goals.

To learn more about the program, please visit Pathwaytofinancialsuccess.org.

About Discover
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 issues the Discover card, America's cash rewards pioneer, and offers private student loans, personal loans, home equity loans, checking and savings accounts and certificates of deposit through its direct banking business. It operates the 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 www.discover.com/company.

Contact:
Matthew Towson, 224-405-5649
matthewtowson@discover.com