As part of its long-standing commitment to financial education, inclusion, and empowerment, Fidelity continues to focus on facilitating economic mobility and removing barriers that have impacted historically underserved and underrepresented communities. To extend this commitment to the next generation, Fidelity in 2023 launched Invest in My Education(ME)℠, a $250 million social impact initiative. Today, the company announced three important milestones for the initiative:
Invest in My Education Expands to 10 Regions
The full initiative is expanding, giving more students the life-changing opportunity to pursue higher education. Invest in My Education will now operate in three additional regions for a total of 10 active regions: Colorado, Florida, Kentucky/Ohio (greater Cincinnati and Northern Kentucky area), New Jersey, New Mexico, North Carolina, Massachusetts, Rhode Island, Texas, and Washington, D.C.* These regions will host Fidelity Scholars; local organizations will be eligible for Ecosystem-Building Grants to improve pathways for thousands of underserved students; and local higher-ed institutions will be eligible for Retention and Completion Grants that keep at-risk students in school. These geographies are regions with a demonstrated need and where Fidelity has a significant presence. We’re thrilled to continue to invest in the future of these communities where our associates and customers live and work.
591 Fidelity Scholars are Off to College
The 591 students in the first two classes of Fidelity Scholars have taken their first steps toward a financially stable future. Scholars in Florida, Massachusetts, New Jersey, New Mexico, North Carolina, Texas, and Washington, D.C. are off to college this fall. Sixty-six percent of these students are the first in their families to attend college, and 93% of the inaugural class of Fidelity Scholars report that the program is increasing or maintaining their motivation to earn a degree. By making higher education more accessible and affordable while providing students with wraparound support like mentorship from 450 Fidelity associate volunteers and other resources, the Fidelity Scholars Program has the potential to provide greater economic mobility and pathways to generational wealth. This in turn can support better long-term outcomes for students and their communities. Learn more about the 2023 and 2024 classes of Scholars here.
Applications for Year Three Now Open
The application window for year three of the Fidelity Scholars Program is now open. Eligible students in the 10 regions interested in post-secondary education at accredited and not-for-profit two- or four-year colleges can apply through the program philanthropic partner, UNCF, now through January 30, 2025. The program provides more than scholarship dollars. Fidelity Scholars also have access to a range of tools and resources to help them complete school and find good jobs. This includes a group of Fidelity mentors, health and wellness support, financial education, college successes coaches, and more. Apply or refer a student here.
Fidelity’s mission is to empower and support others in strengthening and securing their financial futures, and the firm knows that access to quality education can be a powerful driver of economic mobility and thus an important and impactful tool in fulfilling that mission. The Invest in My Education initiative seeks to address system disparities in communities, resulting in upward mobility for more people.
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*Activation in Washington, D.C. includes only the Fidelity Scholars Program
For more information on the Invest in My Education program, contact InvestInMyEducation@fmr.com.
The third-party trademarks and service marks appearing herein are the property of their respective owners.
The organizations mentioned herein and Fidelity Investments are independent entities and are not legally affiliated.
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