Seminars on the Importance of Saving Will be Held at Seven Black Colleges

America Saves is an educational program run by the Consumer Federation of America and supported by a broad coalition of nonprofit, corporate, and government groups. The aim of the organization is to help individuals and families save and build wealth. Through information, advice, and encouragement, the group assists those who wish to pay down debt, build an emergency fund, and save for a home, an education, or retirement.

Now there is an offshoot of the program called Black America Saves. As part of the effort focused on African Americans, this winter Bank of America is sponsoring seminars at six historically black colleges and universities. Town hall meeting-style seminars will be held on campus for students to attend free of charge. At schools with campus radio stations, programs will air that provide saving tips for students and will encourage them to attend the seminar. An essay contest on the importance of saving will be held.

Participating HBCUs include Howard University, Wiley College, Jackson State University, Grambling State University, Savannah State University, Tuskegee University, and Bennett College for Women. The campaign will kick off at Howard University during America Saves Week in late February.