J.P. Morgan, UNCF Launch Scholarship Program for HBCU College students

The United Negro Faculty Fund (UNCF) has partnered with JPMorgan Chase to supply the J.P. Morgan Chase Wealth Administration HBCU Scholarship for college kids within the monetary planning discipline.

Seventy-five scholarships will likely be awarded to college students who will likely be school sophomores within the Fall 2021 semester attending particular HBCUs full-time, together with Howard College, Tennessee State, and Winston-Salem State College.

The press launch additionally stated that profitable candidates would obtain a one-time $2,000 merit-based scholarship for the 2021-2022 faculty 12 months. Moreover, a portion of chosen college students will get an opportunity to take part in two JPMorgan Chase & Co internship packages which provide an extra scholarship upon completion.

JPMorgan Chase has dedicated to a $30 billion funding over the course of the following 5 years to give attention to offering financial alternative within the Black and Latinx communities.

“Systemic racism is a tragic a part of America’s historical past,” Jamie Dimon, the banking big’s chairman and CEO, stated in a press launch. “We will do extra and do higher to interrupt down techniques which have propagated racism and widespread financial inequality, particularly for Black and Latinx folks. It’s gone time that society addresses racial inequities in a extra tangible, significant approach.”

Pursuing occupations the place African Individuals could also be underrepresented may very well be a significant key to growing monetary safety. Georgetown College’s Heart on Training and the Workforce discovered that though African Individuals are attending school at larger charges, degreed African Individuals are nonetheless in school majors and occupations, corresponding to STEM, well being, and enterprise. The report recognized these areas as a number of the highest-paying jobs with progress.

The deadline to use for the J.P. Morgan Chase Wealth Administration HBCU Scholarship is June 24.