Dr. N. Joyce Payne In a news release, the Thurgood Marshall College Fund (TMCF) and the Savings Collaborative have announced a partnersh...
Dr. N. Joyce Payne
“This Juneteenth, we celebrate not just freedom from the past, but our commitment to building economic freedom for the future,” Dr. N. Joyce Payne, founder of TMCF, said. “Our research has shown that HBCU students are already demonstrating remarkable financial resilience, but they need targeted support and resources to fully realize their potential for building generational wealth. This partnership represents a transformative opportunity to address the systemic barriers that have historically limited economic advancement in our communities.”
According to the news release, The National Financial Resilience Program initiative addresses findings from TMCF’s and the Savings Collaborative’s preliminary research, which revealed that over two-thirds of HBCU students face significant financial challenges, with education, housing and transportation costs serving as primary stressors.
“Financial resilience isn’t just about managing money, it’s about creating pathways to opportunity and breaking cycles of economic inequality. HBCU students represent some of our nation’s most talented and determined future leaders, and this partnership ensures they have the tools and support needed to achieve their financial goals and create lasting wealth for their families and communities,” said Barbara Freeman, founder and CEO of the Savings Collaborative.
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