Students can earn $5,000 in college tuition
LEXINGTON, Ky. (April 19, 2016) — The JPMorgan Chase Foundation has made a $45,000 grant to the Kentucky Coalition Against Domestic Violence (KCADV) to expand the reach of its financial empowerment and domestic violence services to students in the Kentucky Community and Technical College System (KCTCS).
The foundation will support KCADV’s work with Bluegrass Community and Technical College. KCADV’s partnership with KCTCS, called “Your Money, Your Future,” serves students who are TANF recipients and are enrolled in the Ready- to-Work Program at the state’s 16 community colleges.
With assistance and training from KCADV, the colleges are teaching financial education classes and providing individual financial coaching. The most promising and motivated students are invited to open Individual Development Accounts (IDAs). Students who complete the program will have $5,000 to pay for college tuition and educational expenses.
In Kentucky, JPMorgan Chase & Co. serves more than 700,000 consumers and small businesses through 65 branches and provides more than $1 million to Kentucky charities.