Fidelity pledges $250 million in college education push
“Fidelity Investments is pledging $250 million as part of an effort to give Black, Latino and historically underserved students access to post-secondary education and support, the financial services company announced Tuesday. The initiative, called Invest in My Education, aims to ‘improve post-graduate outcomes for Black, Latinx, and other historically underserved students, supporting the opportunity for economic mobility and a foundation to build a path toward generational wealth,’ according to the company. It will first roll out in the Boston, Raleigh-Durham and Dallas-Fort Worth regions. The company is working with groups such as UNCF and MENTOR. Through Invest in My Education’s Fidelity Scholars Program, the financial services company will award scholarships to “help students overcome barriers to success and graduate debt-free” from either a college or certificate program, Fidelity said. The college can be a two- or four-year institution.”