The SunTrust Foundation Focuses on Alleviating Financial Stress on College Campuses

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The SunTrust Foundation Focuses on Alleviating Financial Stress on College Campuses

SunTrust Chairman and CEO Bill Rogers (right) presents a $2 million check to Mark Becker, president of Georgia State University, to help fund the university’s SunTrust Student Financial Management Center.

SunTrust Chairman and CEO Bill Rogers (right) presents a $2 million check to Mark Becker, president of Georgia State University, to help fund the university’s SunTrust Student Financial Management Center.

Financial problems remain the top reason most students drop out of a college or university. According to the SunTrust National Financial Confidence Poll, one in two millennials has student loans, and one in four owes $25,000 or more. The SunTrust Foundation seeks to alleviate students’ financial stress and focuses much of its giving on financial education and financial well-being initiatives.

In 2016, the SunTrust Foundation awarded Georgia State University a $2 million grant to create the SunTrust Student Financial Management Center, a program to help students address financial issues that are obstacles to earning their degrees. Georgia State also will develop a playbook on how to use predictive analytics to reach financially at-risk students to share with other educational institutions.

“SunTrust is dedicated to providing tools that help people reach financial confidence, including earning a college degree,” said David Fuller, SunTrust Foundation President. “Through our grant to Georgia State, we hope to help identify financially at-risk students and offer them valuable counseling so they’re better prepared to meet school expenses.”

Additionally, the Foundation gave $600,000 to Florida International University to create a Financial Wellness Clinic to help with college readiness, as well as $204,000 to Virginia Union University to create a financial education program for students, parents and the community.

These grants are part of the $100 million the Foundation has donated since 2008, making financial education a strong focus as it strives to advance financial well-being across its communities.

Congratulations SunTrust Banks, Inc.!