The vision for the Second Chances Fund is to go beyond awarding an amount of money to a student. Below is one step in broadening our impact.
Financial Literacy Workshop
“Even with savings of less than $500, a child is 25% more likely to enroll in college and 64% more likely to graduate than a child with no savings.” — Study from the Center for Social Development at Washington University in St. Louis
In its second year, the Lagman Foundation held its first financial literacy workshop for our scholars. Presented by the foundation’s CPA, this workshop is specifically geared towards high school students and how they can (1) find the free money that is out there, and (2) plan well for their future, including beginning a savings plan. Most young people – especially students in underserved schools – do not have access to this information; however, the Lagman Foundation holds that financial knowledge and access to that knowledge are key to leveling the playing field. Below is the syllabus for our inaugural workshop. We are excited for our scholars, and our hope for them is that they can exit college debt free.