Oakland Seniors Graduate with Financial Knowledge and $8,000 Scholarships

Oakland Seniors Graduate with Financial Education and $8,000 Scholarships | Future Education Magazine


source- Tech4Gamers

Twenty-four high school seniors from the Oakland area are set to graduate from the Economic Equity and Financial Education Program this Saturday, February 10th. The program, hosted at the Haas School of Business, University of California, Berkeley, offers advanced financial education and is funded by Pacific Gas and Electric Company (PG&E) and The PG&E Corporation Foundation (PG&E Foundation). This cohort marks the second group of students to successfully complete the program, which began accepting students in fall 2022. As part of their graduation, each student will be awarded an $8,000 college scholarship for their dedication and achievement in the program.

A Collaborative Effort for Financial Empowerment

The Economic Equity and Financial Education Program was initiated in response to concerns over wealth inequality, particularly among African American communities. PG&E and The PG&E Foundation partnered with educational institutions like the Haas School of Business at UC Berkeley, Berkeley Executive Education, Mills College at Northeastern University, and Amenti Capital Group to provide comprehensive financial education to high school students. By addressing wealth disparities and the racial wealth gap, the program aims to equip students with the knowledge and skills necessary for financial success and academic leadership.

Transformative Impact: Erikah’s Journey and the Path to Equity

Erikah Washington, a 17-year-old senior at Bishop O’Dowd High School, expressed her gratitude for the program, highlighting the newfound confidence and understanding of finances she gained. PG&E’s commitment to racial justice initiatives led to the creation of the program following the George Floyd tragedy, with over $500,000 in funding allocated annually. Through rigorous coursework taught by Berkeley Haas professors and industry professionals, students received instruction on personal finance, capital markets, and wealth creation. Additionally, mentorship from African American Haas undergraduates and recruitment efforts by Mills College TRIO Programs ensured a diverse and supportive learning environment.

As the program continues to evolve, organizers hope to narrow the racial wealth gap and empower more students from underserved communities. By providing early access to financial education and scholarships for higher education, PG&E and its partners are paving the way for a more equitable future.

Also Read: Exploring Types of Financial Aid for International Students

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