Initiatives Student Success
“I didn’t think it was real.”
Ugochukwu Nnadi’s response after reading about WSU’s Invest in Success program was typical for students. The opportunity to receive $4,000 toward educational expenses while saving their own earnings is indeed an unbelievable opportunity. But Nnadi is one of 85 students in the initial cohort, and he’s on his way to earning the funds, and his degree.
Invest in Success helped keep Nnadi’s college dream afloat. Halfway through his sophomore year, Nnadi wasn’t sure he’d be able to continue at WSU.
“I was worried about next year, honestly,” Nnadi says. “I had scholarships, but if they fell through, next year was really iffy. “
Nnadi is more than halfway toward saving the $1,000 required to receive the maximum $4,000 in matching funds. He displayed his commitment to the program by taking the $500 from his rent deposit and putting it into his savings account.
With a major payoff in sight and solid financial planning for the future, Nnadi can focus on his goal of earning his degree and building his career in cloud systems, or data analytics.
“It’s definitely a struggle and sometimes you second-guess yourself when you’re putting away money and you feel like you really need it,” says Nnadi. “But in the long run, it’s going to help you way more than it is now.”
About Invest in Success
The Office of the Provost, in partnership with WSU’s Office of Student Financial Services, is thrilled to launch Invest in Success. More than 850 WSU students have opportunities to receive up to $4,000 in matching funds in addition to academic support, financial literacy education and additional support.
Invest in Success is bolstered by two $1 million grants from the U.S. Department of Health and Human Services. Students accepted into the program will save money each month (up to $1,000) and have their deposits matched at a 400 percent interest rate.
Enrollment is based on income level and meeting the requirements of the program.
Invest in Success is funded in part by two $1 million grants from the U.S. Department of Health and Human Services, and beginning in 2018, a $50,000 gift from BECU.