The $25,000 Award was Administered through the Achieving the Dream Initiative
Triton College students will now have access to increased resources that will help them learn to better manage their money and improve their overall financial awareness thanks to a $25,000 grant from OneMain Holdings, Inc., America’s premier consumer finance company offering responsible and transparent personal loan products.
Triton College is one of five schools from across the country selected to participate in OneMain’s Student Financial Empowerment Project. Over a two-year period, the colleges will use the grants to carry out activities such as providing financial coaching, integrating financial literacy into student success courses, and delivering financial planning and debt management workshops.
Representatives from OneMain joined Triton College faculty, staff and administrators as well as elected officials and community leaders for a ceremonial check presentation to celebrate the partnership between the organizations.
“Triton is very excited and honored to have received this grant,” said Shelley Tiwari, director of Data Analytics for Student Success and Triton College’s Achieving the Dream project director. “We understand that providing tools to students, especially the low-income students, to help them better understand and manage their finances is key in helping them complete their educational goals.”
“OneMain is committed to strengthening the financial wellness of students attending Triton Community College and within colleges in the Achieving the Dream network.” said Sheldon Caplis, director of Community Relations for OneMain. “Through this grant we are pleased to assist Triton in expanding its financial wellness offerings and developing best practices.”
The grant is administered by Achieving the Dream (ATD), a national student success initiative which includes more than 200 schools in 35 states as well as the District of Columbia. Triton was selected to join the ATD network in 2009. The non-governmentally funded initiative provides a framework for systematically and objectively reviewing college policies, programs and services with regard to their impact on student success.
Previously, OneMain partnered with ATD to launch two other grants – one focused on supporting individual students who are close to completing a certificate or degree program and need one-time financial support and an annual $25,000 prize for an ATD college that demonstrates outstanding practices in helping students improve their financial literacy skills. In total, OneMain has made nearly a $500,000 investment in helping ATD build community college students’ financial literacy skills.