Justin Fager, right, with Charles Schwab, is the central region winner of the 2008 National Financial Literacy Challenge. Mr. Schwab founded the Charles Schwab Corporation, a Fortune 500 financial products and services provider.
WAUSEON - A student at Wauseon High School has been honored by the U.S. Department of Treasury for financial literacy.
Justin Fager, 17, was selected as the central region winner of the 2008 National Financial Literacy Challenge.
He was one of 10 high school students nationwide to win an all-expenses-paid trip to Washington and a $2,500 college scholarship.
Wauseon High School will also receive a $1,000 grant in Justin's honor. The scholarships were provided by the Charles and Helen Schwab Foundation.
Justin, who will be a senior, was issued the Department of Treasury's national financial literacy test in his personal finance class last year.
He answered all 35 questions correctly.
The challenge was founded as the result of a recommendation from the newly formed President's Advisory Council on Financial Literacy. It was open to all students ages 13 and over.
Justin said personal finance comes easily to him.
His financial education began with lessons he learned from his father, Paul, who passed away in March after a five-year battle with cancer.
"Mom and Dad always talked about different insurance," he said. "I just picked it up from that."
Now, he said he is able to help his mother manage the family's finances.
Justin is also active in FFA and he works at the Kahrs Tractor Sales Inc. in Wauseon. He hopes to study agricultural engineering in college.
Personal finance students at Wauseon High School learn the basics of budgeting, insurance, investments, savings and checking, credit use, mortgages, and taxes.
Teacher Brad Myers said he hopes Justin's success will inspire other students.
"They may not see it right now, but these are things that we teach in class that they are definitely going to use," he said.
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