OneMain Announces Financial Literacy Grant

Evansville-based OneMain Holdings Inc. (NYSE: OMF) and Achieving the Dream Inc. in Maryland have announced a new grant that aims to enhance financial literacy among community college students. The $300,000 grant will allow five community colleges to participate in the Student Financial Empowerment Project.

The project will focus on heightening community college students’ financial education, empowerment and future earnings. The community colleges selected for the project will conduct activities over a two-year period, including financial coaching, financial planning and debt management workshops, and integrating financial literacy into student success courses.

"As the largest personal finance company in the U.S., OneMain recognizes the significant need for greater financial education, especially within the country’s college student population," said Sheldon Caplis, director of community relations for OneMain. "OneMain is dedicated to supporting the communities in which we live and operate, and we are honored to expand our partnership with ATD to provide students with the critical financial empowerment tools necessary to achieve long-term collegiate, career and personal success."

The five colleges selected for the Student Financial Empowerment Project include:

• Bakersfield College (CA)
• St. Petersburg College (FL)
• Triton College (IL)
• Greenville Technical College (SC)
• Alamo Colleges (TX)

OneMain says at the end of the two-year period, ATD will release a toolkit based on the experiences of the participating colleges to help additional colleges looking to launch or expand their own financial literacy programs.