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JPMorganChase has launched MSFCP.org, a new initiative aimed at providing financial coaching and education to college students through integrated courses, backed by $1.9 million in funding. The program, which builds on the Money Smart Financial Coaching Program, combines one-on-one coaching with financial education to enhance academic outcomes and financial behaviors.Currently collaborating with ten institutions, including those in the City University of New York system, MSFCP.org plans to expand its reach by adding four more colleges by 2027. Early evaluations show significant improvements among participants, including increased savings, reduced debt, and higher credit scores, demonstrating the program's impact on student financial health and academic persistence.
JPMorganChase has invested $1.9 million to launch MSFCP.org, expanding the Money Smart Financial Coaching Program aimed at enhancing financial health and academic outcomes for college students. The initiative, which operates at 10 institutions with plans for four more by 2027, has shown significant success, including 35% of students saving an average of $2,016 and a 72% retention rate for two-year college students. By 2027, the program aims to reach at least 1,500 students nationwide, providing essential financial skills and support.
Kate Kinder
People
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JPMorganChase launches financial coaching initiative for college students nationwide
07:01 26.03.2025
jpmorgan invests 1.9 million in college financial education program expansion
15:00 25.03.2025
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