New York, NY (April 14, 2022) – Stash101, an immersive education platform for students and teachers from fintech pioneer Stash, is partnering with the Marcy Lab School (Marcy), a Brooklyn-based college alternative, to provide its students with financial literacy tools to build wealth for their families and communities. This new collaboration aligns two rising-star organizations focused on changing the status quo. Both Stash101 and Marcy offer hands-on education that empowers the next generation to take charge of their own destiny and improve their financial future.
“Marcy Lab is tackling some of our country’s most pressing problems: the exorbitant price of a great college education and the barriers to entry into STEAM careers for students of minority backgrounds,” says Dale Sperling, CMO of Stash and general manager of Stash101. “Stash101 is equally as committed to closing the wealth gap. We’re thrilled they’ve selected us as an education partner and that we can help support their goals with our proven curriculum and approach.”
Marcy serves traditionally underrepresented students who seek purpose-driven careers in tech, and was founded by two former New York City Public School educators. Fellows at Marcy train for a full year free-of-cost in software development and leadership skills to become software engineers with an average graduate salary of over $100,000.
As a part of the partnership, the Stash101 team of education experts trained Marcy instructors on personal finance, retirement, and investing. The interactive curriculum aims to expose young adults to real-world lessons that start with the basics before moving into behavioral economics, the racial wealth gap, and financial decision-making. To celebrate the completion of the course, Stash will award students $50 to jumpstart their wealth building journey on Stash.
“Our mission at Marcy Lab is to provide an exceptional post-secondary education experience to propel underestimated students into financially-rewarding careers,” said Reuben Ogbonna, Executive Director of the Marcy Lab School. “Financial literacy is a critical component of that education and it’s missing at even the most high-caliber universities. We are thrilled that this new partnership with Stash101 will help support our fellows and graduates on their path to material economic mobility and generational wealth.”
About Marcy Lab School: The Marcy Lab School is a non-profit college-alternative that prepares young adults from underestimated backgrounds to launch rewarding, purpose-driven careers in the tech sector.
About Stash101: Stash101, an online banking and investing simulation and curriculum, is designed to help students of all ages navigate the complex world of personal finance: budgeting, paying bills, earning an income, saving, investing and more. The program is available at no cost to educators and provides students with a safe simulated space to explore real-world financial situations and promote informed financial decision-making. Stash101 curriculum is proven to increase financial literacy rates in a matter of weeks and has been recognized as a key financial literacy partner to organizations including Portland Public Schools, The Suh Family Foundation, The FoolProof Foundation and NOCAP Sports.
About Stash: Stash is an investing, banking, and education platform empowering middle-class Americans to invest and build wealth. Stash’s plans—starting at just $1 a month—provide easy and affordable access to a suite of products including investing, banking, education, and advice. Stash is one of the fastest-growing financial technology companies in the U.S. with more than 6 million customers.
This content is for informational purposes only. Investment advisory services offered by Stash Investments LLC, an SEC registered investment adviser.
Stash101 is offered solely for educational and informational purposes and is provided free of charge. All statements, opinions and analyses presented within Stash101 are provided as general information. While Stash101 is affiliated with Stash Investments LLC (“Stash RIA”), an SEC registered investment adviser that charges fees, Stash101 is not an investment adviser and is separate and apart from Stash RIA. Nothing contained herein is intended to be, nor shall it be construed as, investment advice, nor is it to be relied upon in making any investment or other decision.