Before the Civil Rights movement took root in the 1950s, Historically Black Colleges and Universities (HBCUs) afforded Black Americans the chance to get an education that they were barred from at traditional white institutions. only routes to a college degree. Over the years, HBCUs have become a cornerstone of the Black experience, and JP Morgan’s latest move proves they understand that very well.
The banking giant recently announced in a news release that they expanded their five-year, $30 million commitment to the financial and career success of students at Historically Black Colleges and Universities (HBCUs) through the Advancing Black Pathways (ABP) initiative.
“Deepening our relationships with HBCUs is an important step to breaking down barriers and creating more access to economic opportunity for Black students,” said Byna Elliott, Global head of Advancing Black Pathways in a news release. “This commitment offers HBCUs the flexibility they need to meet the unique needs of their students and provide the next generation with access to tools and resources to get ahead.”
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SOURCE: ESSENCE, Jasmine Browley