JPMorgan Chase Also Providing $350K To Support Financial Coaching and Scholarships for Students
October 10, 2023 – Today, the Roc Nation School of Music, Sports & Entertainment at Long Island University (LIU) and JPMorgan Chase announced a new partnership to establish the school’s first-ever financial health course for the 2023-24 academic year. The partnership aims to help nearly 150 students establish strong money management skills and build a strong financial future.
As part of the collaboration, JPMorgan Chase will also provide $115,000 to the University’s Hope Scholarship program, which supports high-achieving students with financial need. JPMorgan Chase’s investment will contribute to the School’s Hope Scholarship program, which provides a tuition-free education for 25 percent of incoming students annually.
“At JPMorgan Chase, we’re proud to partner with LIU’s Roc Nation School, breaking down financial barriers for college students in Brooklyn. Together, we’re providing the essential resources and support our future leaders need to shape their career and financial futures,” said Diedra Porché, managing director, head of Community and Business Development, Chase.
The three-credit, 16-week course at LIU’s Brooklyn campus includes a series of workshops on topics ranging from money management to credit building to homebuying and fraud/scam prevention. The course will also feature special guest speakers, including UCLA football standout Chase Griffin, New York Giants legend Victor Cruz and JPMorgan Chase leadership, sharing their insights and advice for academic, career and personal success. Additionally, the firm will also host financial health events for course participants at the Chase Community Center in Harlem.
“It’s absolutely vital that we equip our students with a versatile array of tools and resources to thrive both inside and outside the classroom,” Roc Nation CEO Desiree Perez said. “With the addition of JPMorgan Chase’s financial health course, students will be poised to make stronger and more informed financial decisions in a way that can profoundly shape the trajectory of their lives and careers.”
The financial health workshops will be led by JPMorgan Chase’s five Brooklyn-based community managers, who work across the borough with a particular focus on Crown Heights, Kings Highway, Williamsburg, Borough Park and Flatbush. The team is part of the firm’s $30 billion Racial Equity Commitment to drive inclusive economic growth in Brooklyn and around the country.
Beyond the classroom, supported through a $220,000 grant from JPMorgan Chase, the Roc Nation School of Music, Sports & Entertainment is participating in the Money Smart Financial Coaching Program, created by Westchester Community College and replicated by the National Council for Workforce Education (NCWE). Through this grant, the School will receive technical assistance from NCWE to ensure they build a successful, sustainable program that helps students establish healthy financial behaviors. The financial coaching is proven to increase student’s uninterrupted school attendance, resulting in higher graduation rates and other positive student outcomes, and to increase lifelong financial health. In the first year, the School will provide individualized financial coaching to 90 students.
“As part of our commitment to and investment in New York City, we are embedding financial literacy into the Roc Nation School of Music, Sports & Entertainment curriculum for the first time and enabling students to take charge of their economic future while earning credits toward graduation, gaining critical career skills and receiving financial coaching,” said Jason Patton, Northeast Divisional Director for Community and Business Development, Chase. “We are excited to embark on this work with such a great partner and bring the full force of our firm to the collegiate setting and support these future leaders on their financial journeys.”
The Roc Nation School of Music, Sports & Entertainment, which launched in 2020, prepares students for an array of careers across entrepreneurship, music, sports business, management and more to help students graduate with immersive internship experience and a robust network of professional contacts.
“Together, we are committed to delivering diverse and robust experiences that will serve as the foundation for our students’ successful careers and financial futures,” said Tressa Cunningham, Dean of Roc Nation School of Music, Sports & Entertainment. “Through this collaborative effort, the JPMorgan Chase team will help provide the next generation of professionals with the knowledge, foundation and opportunities to excel personally and professionally.”
About JPMorgan Chase
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $3.2 trillion and operations worldwide. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of customers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
About The Roc Nation School of Music, Sports & Entertainment
The Roc Nation School of Music, Sports & Entertainment at Long Island University (LIU) is a globally renowned destination for world-class education, exceptional career development, cultural initiatives and philanthropic endeavors. The school prepares students for a wide range of careers in entrepreneurship, music, sports business, management, performance and more with an esteemed faculty inclusive of university professors, adjunct leaders as well as special guest lecturers.
The Roc Nation School of Music, Sports & Entertainment, which began enrolling students at LIU in Fall 2021, leverages its versatile resources and expertise to help students graduate with immersive internship experience and develop a robust network of professional contacts. Located in Shawn “JAY-Z” Carter’s hometown of Brooklyn, the school also provides Roc Nation Hope Scholarships to 25 percent of enrolled students, which enables them to graduate debt-free. The Hope Scholars are also selected from a pool of academically competitive, New York-based, first-time freshmen with the highest need.