The University of Alabama at Birmingham and Regions Bank are joining forces to create and support the Regions Institute for Financial Education at the school.
The gift from Regions will support financial education programming at UAB and in the community, facilities development to house the new Institute in the future home of the Collat School of Business and Bill L. Harbert Institute for Innovation and Entrepreneurship, and an endowed professorship for the director of the Institute.
The Institute will work with organizations such as GEAR UP Alabama and GEAR UP Birmingham to integrate financial education into college and career readiness standards through programs, workshops and camps.
“As students learn how to set a budget and how to save for the future, they are developing financial management skills that can last a lifetime,” said Bill Horton, South Region president for Regions Bank. “We are proud to work with UAB on this initiative, and we appreciate UAB’s commitment to reaching more students with financial education. As more people receive the information they need to make good financial decisions, our entire community will benefit.”
“It’s so crucial that young people understand the basics of finance and savings at an early age,” said Stephanie Yates, Ph.D., associate professor of finance in the Collat School of Business and director of the Regions Institute for Financial Education. “The more they understand now, the more prepared they will be to face their financial futures.”
See more on this endeavor here.