Fidelity is pledging $250 million as part of an effort to give Black, Latino and historically underserved students access to post-secondary education and support.
That part of the initiative also offers "mentorship by Fidelity associates, internship/apprenticeship guidance, and financial education programming," among other support, the company said.
Invest in My Education will also disburse two types of grants. One type will go to institutions to "assist students who are close to completion and in danger of dropping out" over outstanding tuition and academic fees, according to Fidelity.with a certain focus. With those, the program aims to "help strengthen coordination among organizations related to advising, transition and support to ensure quality pathways to post-secondary education," Fidelity said.
Invest in My Education applications will be through the UNCF and are slated to open in March. Its first group of students will be picked in the summer, according to Fidelity.
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