By Jameavelh Mulen
Student Freedom Initiative (SFI) and Stackwell announced the expansion of student investment programs (SIP). The program is partnership between two organizations that provide student participants with investment methods to prepare for long-term economic health by financial literacy and investment methods. In addition, up to 600 students will receive $ 1,000 to kick investment trips.
The program will be focused in 10 historically black collectouts: Alabama State University, Bowie State University, Fayetteville State University, Florida University, Hampton University, Lincoln University, Texas South University and Texege University,
President of Student Freedom Initiative Keith B. Cold and Student Investment Program said students aim to break the periods of financial instability in black and other marginalized communities. The SIP program received $ 1.65 million from several companies, including the Prudential Foundation and the Consumer Money Management Institute.
SIP expansion, after the initial program launched in 2023, had a positive impact on students’ financial literacy. A study conducted by the Financial Health Network, 400 participants, 63% of students felt more to achieve their financial goals, he said. There was a 167% increase in students who are more informed about the investment. In addition, the report determined that the program has significantly affected women; 84% of female participants said they felt more confident by investing at the end of the program.
Stackwell’s founder and CEO Trevor Rozier-Byrd, said the company’s program has helped and more students achieve their financial success.
“SIP, wealth, capital, economic mobility, the exchange of our well-being shared with investment and advanced financial health education, said Rozier-Byrd. “We could not learn about the results we share with the results and SFI and their financing partners today.”
