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FOR IMMEDIATE RELEASE
March 25, 2010

ISAC Partners With Fifth Third Bank For College Smart Fair
Two-day event hosted by UIC Office of the Vice Chancellor for Student Affairs

CHICAGO — The Illinois Student Assistance Commission (ISAC) is pleased to announce its partnership with Fifth Third Bank to present the College Smart Fair, April 23-24, at the University of Illinois Chicago Student Center East.  The two-day event is part of the Federal Reserve Bank of Chicago’s Money Smart Week, April 17-24, which provides free financial classes to consumers throughout Chicago and the state.

“We are extremely grateful to Fifth Third for its support of our mission of making college accessible and affordable for Illinois students,” said ISAC Executive Director, Andrew Davis.  “Their financial and logistical support of the College Smart Fair enables us to reach students and parents in new ways, bringing the information to them while exposing them to college and the financial aid process.”

Hosted by the UIC Office of the Vice Chancellor of Student Affairs, the College Smart Fair will offer high school seniors the opportunity to receive guidance in navigating the financial aid system; assistance reviewing financial aid award letters and understanding payment responsibilities; workshops addressing a number of college-related topics and panel discussions regarding paying for college.

Participants will have access to presenters from all aspects of the college experience including College Illinois! 529 Prepaid Tuition Program representatives, Illinois Student Assistance Corps representatives and representatives from Fifth Third Bank, in addition to financial aid and student account representatives from Illinois colleges.

“Fifth Third Bank is proud to partner with ISAC for this year’s College Smart Fair,” said Nicole Johnson-Scales, Fifth Third Bank (Chicago) Vice President of Community Development. “At Fifth Third, we believe it is our duty to help young adults achieve their dreams through financial success. Making smart financial decisions starts with the right information and guidance early in life.”

Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. The Company has $113 billion in assets, operates 16 affiliates with 1,309 full-service Banking Centers, including 103 Bank Mart® locations open seven days a week inside select grocery stores and 2,358 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Pennsylvania, Missouri, Georgia and North Carolina. Fifth Third operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending, and Investment Advisors. Fifth Third also has a 49% interest in Fifth Third Processing Solutions, LLC. Fifth Third is among the largest money managers in the Midwest and, as of December 31, 2009, has $187 billion in assets under care, of which it managed $25 billion for individuals, corporations and not-for-profit organizations. Investor information and press releases can be viewed at www.53.com. Fifth Third's common stock is traded on the NASDAQ® National Global Select Market under the symbol "FITB."

The Illinois Student Assistance Commission provides students of all ages and backgrounds with the resources and support to obtain financial aid for higher education. A state agency, ISAC has paved the path to post-secondary education with innovative programs for over 50 years. Last year alone, ISAC continued its mission to make college accessible and affordable for Illinois students by issuing 186,000 grants and scholarships  totaling nearly $431 million. 

The Commission provides educational funding with student loans and via numerous programs such as the Monetary Award Program (MAP), the Illinois Veteran Grant and College Illinois! ®  529 Prepaid Tuition Program. Students and families have free access to a wealth of financial aid and college planning information at ISAC’s family of websites available at www.knowhow2GOIllinois.org.


Money Smart Week coordinated by The Federal Reserve Bank of Chicago consists of a series of educational activities hosted by hundreds of banks, financial institutions, schools, non-profit organizations and government agencies to help consumers learn how to manage their personal finances. Currently, there are Money Smart Weeks held annually in Illinois, Michigan, Indiana, Wisconsin and Iowa, with each offering hundreds of classes and seminars. For more information, visit www.moneysmartweek.org.


 



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