Fifth Third Partners With WGU Indiana

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Fifth Third Bancorp (Nasdaq: FITB) is the latest organization to enter into a partnership with WGU Indiana. The deal includes a tuition discount for the banking company's employees.

January 23, 2014

News Release

Indianapolis, Ind. -- WGU Indiana, the state's online, nonprofit university, and its parent, Western Governors University, have signed an agreement with diversified financial services company Fifth Third Bank, providing tuition discounts to bank employees.

Under the terms of the agreement, Fifth Third Bank employees will receive a five percent tuition discount at Western Governors University, including WGU Indiana, for up to four six-month terms. The discount applies to both master's and bachelor's degree programs.

To celebrate this new partnership, WGU Indiana is hosting an event at Fifth Third's downtown Indianapolis office on January 24, 2014. The 'Lose the Wait' event will highlight the university's recent campaign that encourages Indiana residents to stop waiting to pursue a degree and complete or further their education.

"Giving our associates the opportunity and access to continually develop and educate themselves is important to Fifth Third Bank. We are excited to offer our associates across the country the chance to further their education," said Nancy Huber, President & CEO, Fifth Third Bank, Central Indiana.

"At WGU Indiana, we emphasize meeting the needs of our students and seek out partners, such as Fifth Third Bank, that want to do the same," said Chancellor Allison Barber. "As a company that values workforce development, Fifth Third is an ideal partner, and we're excited to offer our progressive, competency-based education model to Fifth Third's employees interested in obtaining our MBA, IT and Business degrees."

The discount applied to degree programs in the College of Information Technology and College of Business, which includes the MBA program. Tuition at WGU Indiana has not increased since 2008 and is charged at a flat rate of $2,890 per six-month term.

WGU's innovative, competency-based education model, which earned the university a spot in Fast Company's 50 Most Innovative Companies of 2013, measures learning rather than the time a student spends in a classroom seat. Students earn their degrees by demonstrating mastery of subject matter, completing coursework online at any time convenient to their lives. Designed to meet the needs of adult learners, competency-based education allows students to take advantage of prior learning and experience to move quickly through material they already know so they can focus on what they still need to learn.

To learn more about WGU Indiana, call 877-214-7014 or visit indiana.wgu.edu.

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About WGU Indiana

WGU Indiana is the state's nonprofit, online university established by the State of Indiana to expand access to higher education for Indiana residents. Using a competency-based model that allows students to proceed at their own pace and curriculum developed with input from leading employers, WGU Indiana offers more than 50 undergraduate and graduate degree programs in Business, Education, Information Technology and Healthcare Professions, including Nursing. In 2012, the Indiana Commission for Higher Education recognized WGU Indiana in its Reaching Higher, Achieving More agenda for its excellence in academic quality. The university was also recognized as one of Fast Company's 50 Most Innovative Companies of 2013.

About Fifth Third

Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. The Company has $123 billion in assets and operates 18 affiliates with 1,326 full-service Banking Centers, including 104 Bank Mart locations open seven days a week inside select grocery stores and 2,428 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 28% interest in Vantiv Holding, LLC. Fifth Third is among the largest money managers in the Midwest and, as of June 30, 2013, had $313 billion in assets under care, of which it managed $27 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." Fifth Third Bank was established in 1858. Member FDIC. Equal Housing Lender.

Source: WGU Indiana