Aiming to assist college students, together with Black Individuals, with profession and entrepreneurial pursuits, JPMorgan Chase is offering $350,000 in sources to assist make that occur. The nation’s largest financial institution has shaped a brand new partnership with Roc Nation College of Music, Sports activities & Leisure at Lengthy Island College (LIU).
Referred to as the varsity’s first-ever monetary well being course for the 2023-24 educational yr, the alliance partnership goals to help almost 150 college students by serving to them construct robust cash administration expertise and a strong monetary future.
In response to Capital Further, rapper and enterprise mogul Jay-Z opened the Roc Nation faculty in 2020. Jay Z’s leisure firm reportedly united with Brooklyn’s Lengthy Island College to launch the varsity. Diploma packages on the faculty put together college students for careers in efficiency, entrepreneurship, music, sports activities enterprise, and administration, per its web site.
The partnership means JPMorgan Chase will make investments $115,000 for scholarships and the remainder for technical help to the varsity and monetary teaching for the scholars. The funding pays a one-year tuition of $7,500 per pupil, with about 15 college students anticipated to get scholarships.
Based mostly on a information launch, the financial institution’s funding will contribute to the College’s Hope Scholarship program, which yearly supplies a tuition-free schooling for 25% of incoming college students.
The three-credit, 16-week course at LIU’s Brooklyn campus will embrace workshops on credit score constructing, homebuying, and fraud/rip-off prevention. It is going to characteristic movie star visitor audio system, together with UCLA soccer standout Chase Griffin, New York Giants legend Victor Cruz, and JPMorgan Chase executives. They may share their insights and recommendation for educational, profession, and private success.
“At JPMorgan Chase, we’re proud to associate with LIU’s Roc Nation College, breaking down monetary boundaries for school college students in Brooklyn, acknowledged Diedra Porché, managing director, and head of Neighborhood Banking and Improvement at Chase.
“Collectively, we’re offering the important sources and help our future leaders must form their profession and monetary futures.”
With the grant, the Roc Nation College will get technical support from the Nationwide Council for Workforce Schooling (NCWE) to make sure a sustainable program constructed to assist college students set up wholesome monetary behaviors.
Roc Nation CEO Desiree Perez added it’s completely very important that we equip our college students with a flexible array of instruments and sources to thrive each inside and out of doors the classroom.
She shared, “With the addition of JPMorgan Chase’s monetary well being course, college students can be poised to toughen and extra knowledgeable monetary selections in a approach that may profoundly form the trajectory of their lives and careers.”
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