Ivy Tech Partners with Old National Bank to Provide Financial Coaching to Students

EVANSVILLE – Ivy Tech Community College -Southwest announces today that it will partner with Old National Bank to provide free financial coaching to local Ivy Tech students. The pilot Financial Coaching program is the first to partner a financial institution and volunteers with a community college for this purpose.

Twenty-two Old National Bank (ONB) employees, representing every ONB branch in Vanderburgh County and Warrick County, will be at Ivy Tech this Wednesday, July 21, 2010 from 9 a.m. – 4 p.m., participating in training for the Financial Coaching program. The five-week training program, which began June 30, will cover a variety of financial planning topics, and will conclude with a graduation ceremony next Wednesday, July 28. Once trained, the ONB employees will be ready to provide one-on-one financial coaching to Ivy Tech students. The ONB employees participating are all volunteers – and will be providing the coaching services partially on their own time.

The Financial Coaching program will be launched this fall at the Ivy Tech – Southwest region (including campuses in Evansville, Tell City, and Princeton), and if successful, may serve as a model program for Ivy Tech campuses across the state. The confidential, one-on-one financial coaching will be provided to Ivy Tech students at no charge, and coaching sessions will be held first at Ivy Tech and then at the ONB branch most convenient for the student.

“On behalf of our students, who will benefit from these coaching experiences, we are so thankful that Old National Bank has chosen to work closely with Ivy Tech” said Ivy Tech Chancellor, Dan Schenk. “We hope that this free financial coaching service will assist our students with any financial challenges they may face and help them be better prepared to attain their educational goals.”

“Old National Bank has a two-fold commitment to impacting lives and strengthening communities, and this program is an expression of that mission,” said ONB President and CEO Bob Jones. “As our associates support Ivy Tech students in reaching their educational and financial goals, our community will be made stronger and more competitive with each degree and certificate they complete.”

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