Philander Smith University Partners with Synchrony Bank for ‘Education as an Equalizer’ Program

Philander Smith University Partners with Synchrony Bank for ‘Education as an Equalizer’ Program

Philander Smith University and Synchrony Bank have joined forces to advance education equity through the “Education as an Equalizer” program. This partnership aims to provide critical support in three key areas: college completion, future skill-building, and financial literacy.

The program is part of a comprehensive initiative by Synchrony to invest over million in the next five years. These investments will help bridge the gap for underserved communities, focusing on Black, Hispanic, and Native American students. The Synchrony Foundation will provide scholarships, mentorships, and internships to low-income and underrepresented students, ensuring they have the necessary tools to succeed in higher education.

Closing the financial knowledge gap is a crucial aspect of the initiative. Synchrony will offer free online courses, virtual workshops, and accessible financial resources to students, employees, and the broader community. This includes collaborating with Marvel Studios and partnering with organizations such as America Saves and the National Foundation for Credit Counseling.

Education Equalizer Foundation, another key partner, works with middle through high school students and their families to demystify the college admissions process. They provide ACT and SAT preparation, FAFSA resources, and college application support. Their success is evident in their mentorship programs, which have achieved 100% college admittance and secured significant scholarship funding for participating students.

• Synchrony’s commitment includes a million investment in philanthropic grants and million towards workforce upskilling and diverse talent pipeline development.
• The partnership involves collaboration with academic institutions, non-profits, government, and businesses to create a strong, collaborative effort towards economic equality.
• Sessions like the ACT/SAT Cram Session and summer programs focus on increasing student performance and preparation for higher education.

Through this partnership, Philander Smith University and Synchrony Bank are taking a major step towards breaking down barriers and creating opportunities for underserved communities. By providing a comprehensive support system, they are helping to ensure brighter futures for students across the nation.