Bank teams with Cincinnati Bengals on student debt contest
Last fall, Fifth Third teamed up with the Cincinnati Bengals to host the 53 Yard Drive Contest to help drive down student debt. On Feb. 13, the grand prize winner, Tony Marquardt, was surprised at his Ohio home by Bengals mascot Who Dey, the Ben-Gals and Bengal running back Giovani Bernard with a check for more than $24,000 for this cause.
The media has been filled for months with alarming articles about the high cost of college tuition and the consequent high amount of student debt, now estimated to be around $3 trillion dollars in the U.S. These articles are usually paired with warnings about the downward drag on our future economy, as millennials with large student loans are unable to buy houses or cars, or to participate fully in our consumption-dependent economy due to long term, high loan payments.