Financial Education Institute and Individual Development Account program

dc.contributor.advisorHotchkiss, Charlesen_US
dc.contributor.authorArcher-Cunningham, Kwayeraen_US
dc.date.accessioned2010-09-08T18:21:20Z
dc.date.available2010-09-08T18:21:20Z
dc.date.issued2007en_US
dc.description.abstractIfetayo Cultural Arts established a Financial Education Institute (FEI)/Individual Development Accounts Program (IDA) for youth and young adults ages 8-28. The FEI/IDA is an extension of Ifetayo’s Rites of Passage Programs which support young people of African descent based in Flatbush, Brooklyn serving borough wide and surrounding communities in their passage from adolescence to adulthood. The Rites of Passage after-school programs provide an educational structure and a nurturing community which build participants’ intellectual and emotional skills, and prepare them to grow into independent, compassionate, selfconfident men and women. The creation of the Financial Education Institute (FEI)/Individual Development Accounts Program (IDA) allows the first full integration of financial education training into the Rites programming, and addresses a glaring need for knowledge and support in a community where most participants are living below the poverty level, earn low incomes, and have no accumulated wealth through asset development. The program specifically offers classes in financial education training and college counseling for four (4) groups: Youth in our Sisters in Sisterhood (SIS) and I Am My Brother (IAMB) Pre-Rites of Passage Programs ages 8-12; Youth in SIS and IAMB Rites of Passage Programs ages 13-18; Graduates of Rites Programs ages 19-28; and parents and family members of Rites and Pre-Rites Graduates/Participants. Individuals become eligible for participation in the program by joining one of the Rites programs and committing to completing the minimum two-year curriculum or by graduating the Rites program and joining the Alumni section of the FEI. Pre-Rites, Rites and Alumni who participate in the FEI will have the opportunity to participate in an Individual Development Accounts Program (IDA), in which they will have an opportunity to save money towards pursuing post-secondary education. Alumni will also be eligible to earn college scholarships to supplement their college savings. (Author abstract)en_US
dc.description.bibliographicCitationArcher-Cunningham, K. (2007). Financial Education Institute and Individual Development Account program. Retrieved from http://academicarchive.snhu.eduen_US
dc.description.degreeMaster of Science (M.S.)en_US
dc.description.schoolSchool of Community Economic Developmenten_US
dc.digSpecsCreation software: Adobe Acrobat Professional 9.3en_US
dc.format.extent1315079 bytesen_US
dc.format.extent8294272 bytes)en_US
dc.format.mediaTypePDFen_US
dc.identifier.urihttps://hdl.handle.net/10474/469
dc.language.isoen_USen_US
dc.publisherSouthern New Hampshire Universityen_US
dc.relation.requiresAdobe Acrobat Readeren_US
dc.rightsAuthor retains all ownership rights. Further reproduction in violation of copyright is prohibiteden_US
dc.rightsHolderArcher-Cunningham, Kwayeraen_US
dc.subject.lcshSouthern New Hampshire University -- Theses (Community Economic Development)en_US
dc.subject.othercollege savingsen_US
dc.subject.otherIndividual Development Accountsen_US
dc.subject.othercareer counselingen_US
dc.subject.otherchildrenen_US
dc.subject.otherBrooklyn (NY)en_US
dc.subject.otherNew York (NY)en_US
dc.titleFinancial Education Institute and Individual Development Account programen_US
dc.typeThesisen_US

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