This summer, ten Prince George's County Public Schools (PGCPS) students from Parkdale High school will participate in the Capital One Student Banking Program in Newark, New Jersey. This pre-college program will be held at the New Jersey Institute of Technology from July 31 through August 4.
“This is a wonderful opportunity for our students to learn about financial planning and how to use this tool to envision their future goals,” said Dr. William R. Hite, Jr., Superintendent of Schools. “In addition, students can experience working in a professional environment.”
PGCPS students were selected through an interview process and by submitting an essay. This program will allow students to learn about the key concepts of financial markets and institutions, as well as expand their understanding of finance beyond their personal budgets. The student-run banks are also designed to provide life-skills training, mentoring opportunities, and provide mainstream banking.
Students will also learn how to run the bank branches they will be operating at their schools. To get them prepared for the banks’ opening day, students have been participating in a series of teller trainings, and financial education classes over the summer.
The full service Capital One Bank will be installed at Parkdale High School this summer and will open to students and staff three days a week. Parkdale High School will house the fourth student-run bank, joining schools in Harlem, New York; Bronx, New York; and Newark, New Jersey.