Synchrony Commits $2 Million to Expand Financial Literacy in U.S. High Schools
Event summary
- Synchrony announced a $2 million commitment to support financial literacy education in U.S. high schools, including grants, in-kind donations, and nonprofit partnerships.
- The funds will be used for teacher development, classroom resources, and the establishment of Synchrony Financial Literacy Labs in 10 public high schools.
- Nearly $1 million is allocated for free financial counseling services for public school teachers through the NFCC and Operation HOPE.
- Synchrony's Empowering Financial Futures program has now committed a total of $3 million since its launch last year.
The big picture
Synchrony's investment in financial literacy education aligns with a broader trend of financial institutions taking on corporate social responsibility initiatives aimed at closing the financial education gap. With 39 states now requiring personal finance courses for graduation, Synchrony's initiative positions it as a leader in supporting educators and students in this growing regulatory and educational landscape. The $2 million commitment is part of a larger $3 million philanthropic program, demonstrating Synchrony's long-term strategic focus on community engagement and financial empowerment.
What we're watching
- Program Scalability
- Whether Synchrony can effectively scale the Financial Literacy Labs and teacher training programs beyond the initial 10 high schools.
- Teacher Engagement
- The extent to which public school teachers will utilize the free financial counseling services provided by NFCC and Operation HOPE.
- Impact Measurement
- How Synchrony will measure and report the long-term impact of its financial literacy initiatives on student outcomes and economic opportunity.
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