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the United Negro College fonds says he has expanded a scholarship program with which he runs JP Morgan Wealth management for black students studying any major to help them start a career as a financial advisor.

Launched in 2021, the program added six more historically black colleges and universities, for a total of 17, whose students are eligible for up to $7,000 each in scholarships, according to UNCF.

Students are eligible for an initial scholarship of $2,000 as well as “the opportunity to participate in two paid professional summer programs to learn the skills needed to build a career as financial advisors,” says UNCF. Those who complete the Advancing Black Pathways Fellowship and Financial Advisor Development Track Summer Analyst programs will then receive an additional $5,000 in their senior year, according to the organization.

Through 2025, JPMorgan will award 375 scholarships, according to UNCF.

“Many students have never thought of becoming a financial advisor or don’t even know what the job entails. We believe this program can help change that.” Christopher ThompsonHead of Diverse Talent Experience for Consumer and Community Banking at JPMorgan Chase, said in a statement. “We want to raise awareness about this career and create a pathway for diverse young professionals in the wealth management industry.”

The scholarship program, according to UNCF, is part of JPMorgan Chase’s $30 billion commitment to advance racial equity.

The company announced its pledge in October 2020, when numerous Wall Street companies pledged millions of dollars in support of racial equality and social justice in the wake of the murder of George Floyd while in police custody, an event that sparked months of nationwide protests and a nationwide toll on race relations, as noted.

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