MORE than 500 Hunter high school students will learn the essentials of finance under a pilot program run by the Greater Bank Finance Academy.
The academy will deliver its pilot Fundamentals of Financial Literacy Program to the students in partnership with the University of Newcastle.
Starting in term two, 20 high schools will expose their students to the program, which focuses on making informed financial decision-making when managing money.
On Wednesday, nominated university student ambassadors studying business, commerce and teaching, along with Greater Bank staff volunteers, took part in an intensive training program run by academics and university staff to provide the knowledge and skills necessary to deliver the pilot financial literacy program to schools.
The program is part of a five-year partnership between the two Hunter based institutions, which has seen the establishment of the Greater Bank Finance Lab, coupled with the delivery of community education programs and practical workshops.
The course content covered with schools as well as feedback from students and educators involved will help shape the evolution of the program, which is planned to be rolled-out in its entirety from 2020.
Greater Bank Head of Marketing and Customer Experience Matthew Hingston said the initiative would encourage young people to question how they think about money and achieve set financial objectives.
"We will harness the strength of the university's theoretical background with the application of Greater Bank's practical, real-world experience to develop an industry-first program that will extend to benefit young people in the community," he said.
The Greater Bank staff involved in facilitating the program will focus on delivering the practical content, while the University staff will challenge students to think about their relationship with money and look at the theory and broader strategies behind money management.
The pilot program will run for the remainder of the year, with the final content and structure established for the schools-based program set to inform broader community based and University focused workshops moving forward.