JP Morgan Chase Partners with Medgar Evers College to Bring Financial Literacy to Students
Beginning in April, the Crown Heights City University of New York school will launch financial health partnership with JPMorgan Chase
March 27, 2023 – BROOKLYN, NY- Medgar Evers College (MEC), a Predominantly Black Institution that was founded in 1970 to meet the educational and social needs of Central Brooklyn, is today launching a financial health partnership with JPMorgan Chase. The collaboration will help improve student financial health, including money management skills, credit building, and fraud/scam prevention.
The youngest of the four-year City University of New York schools is focusing on empowering its students to achieve financial stability and meet their long-term financial goals, which is a key driver of closing the racial wealth gap. With this in mind, the college is launching a series of workshops for its more than 650 School of Business students, faculty, and staff, on topics ranging from money management to credit building to homebuying and fraud/scam prevention.
Medgar Evers College is steadfast in supporting the social mobility for our students, and closing the racial wealth gap is an important part of that,” said Dr. Patricia Ramsey, MEC president. “I am excited to have the College partner with JPMorgan Chase to offer financial health workshops for our students and our community partners.”
The financial health workshops will be taught by JPMorgan Chase’s five Brooklyn-based community managers, who work across the borough with a particular focus on Crown Heights, Kings Highway, Williamsburg, Borough Park, and Flatbush. The team is part of the firm’s $30 billion Racial Equity Commitment to drive inclusive economic growth for communities of color in Brooklyn and around the country.
Medgar Evers College’s student body is racially and ethnically diverse, with 79.4 percent of students identifying as Black or African-American and 15.4 percent as Latino/Hispanic. Nearly 35 percent of students are foreign-born, with Jamaicans representing 22.4 percent of this population, followed by Haitians, Guyanese, and Trinidadians.
“We are honored to work with Medgar Evers College, an institution that offers best-in-class academic programming and instills in students a passion for social justice and advocacy,” said Monica Nation, Managing Director/Regional Director for JPMorgan Chase’s Community & Consumer Banking Northeast Division. “Together, we look forward to addressing the financial health needs of the school’s students and empowering them with the skills and knowledge to take charge of their futures.”
About Medgar Evers
Located in Crown Heights, Brooklyn, Medgar Evers College offers both associate and baccalaureate degrees. A four-year college within the City University of New York (CUNY) system, Medgar Evers College was established in 1970 with a mandate to meet the educational and social needs of the Central Brooklyn community. In its commitment to providing students with a sound academic foundation as well as an opportunity for personal development, Medgar Evers College offers high-quality, professional, career-oriented degree programs within the context of a liberal arts education. Medgar Evers College is part of NASA’s Space Grant Project as well as the Thurgood Marshall College Fund as a predominantly black institution. For more information, visit mec.cuny.edu.