Community Education Money

MCC Selected for inaugural financial coaching program pilot

National Council for Workforce Education & JPMorgan Chase Collaborate to Support Flint

 (FLINT, Mich., July 14, 2022) –The National Council for Workforce Education (NCWE) announced on July 14 Mott Community College (MCC) has been selected as one of three schools nationwide to receive $210,000 to develop and launch Money Smart Financial Coaching Program, a financial coaching program to improve their students’ financial health and increase their graduation rates. The program is expanding nationally through a $2.5 million investment from JPMorgan Chase.

MCC was chosen through a competitive process based on the school’s capacity for innovation, staff knowledge and commitment to student success. In addition to MCC, Rockland Community College in Suffern, New York, and Fulton-Montgomery Community College in Johnstown, New York, have also been selected and will each receive funds. Four other colleges will be selected in 2023, impacting more than 1,200 students around the country.

“The Money Smart program is a key component to flipping the script for many of our students, by giving them the tools and resources they will need to make sound decisions related to their financial security,” said Jason Wilson, vice president-Student Academic Success.

“We are thrilled to receive this grant so we can better prepare our students for their future success,” Wilson added.

Dr. Darlene G. Miller, executive director of NCWE stated: “As a nonprofit committed to supporting practitioners and workforce leaders to deliver equity-conscious and impactful workforce education programs, we believe that financial wellness programming is critical to addressing financial security barriers for workforce education learners and will serve to mitigate gender and racial equity wealth gaps.”

“Financial coaching is about behavior change and empowering people to take charge of their future by connecting them to resources that drive academic, career and personal achievement,” said Jeanique Druses, executive director, Global Philanthropy, JPMorgan Chase.

“Mott Community College is adept at serving students who face barriers to graduation and employment opportunities, and this program will build on their ability to meet the needs of their students and help them achieve economic mobility,” Druses added.

“MCC is thankful for the support being provided by NCWE and JP Morgan Chase,” said Robert Matthews, associate vice president of Workforce & Economic Development.

“The Money Smart model will allow us to scale our efforts to support students by equipping them with financial skills that will help them persist to completion of their educational programs with us, and as they begin successful careers,” Matthews added.

Utilizing a financial coaching program launched by Westchester Community College in 2014,  NCWE will provide Mott Community College with individualized coaching and technical assistance; training, guidance and support needed to hire staff; and assistance in building a successful, sustainable program. The NCWE Team will assist MCC in developing a long-term business plan to embed financial wellness into their strategic and budget plans, to support the sustainability of the initiative.

Related posts

Single Mom’s Spa Day Offers Free Pampering for Flint Mothers

editor

Voters Not Politicians to host Voter Access Town Hall with local Flint leaders

Tanya

Lt. Governor talks with the Courier about state budget’s expected local impact

Tanya

Leave a Comment

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More