The donation from the Navient Foundation supports the summer program for Delaware high school students, keeping them on track for high school graduation.
Navient Foundation, the philanthropic arm of the DBA International member company in Wilmington, Del. recently, contributed $10,000 to the Delaware Adolescent Program, Inc. (DAPI). The organization provides education for pregnant and parenting teens through outreach, mentoring and supportive services.
The contribution will support DAPI’s 2016 Summer Credit Recovery Program, which gives Delaware high school students the opportunity to earn credit for coursework they were unable to complete during the regular academic year, keeping them on track for high school graduation, according to a news release from the Navient Foundation.
“We are grateful for Navient’s contribution. Helping teen parents graduate from high school and teaching them the value of a college education is one of our most important goals,” said DAPI Executive Director Lucy O’Donnell in the news release. “We have a 100 percent graduation rate for students who participate in this program, and 83 percent of our graduates have been accepted into a college or university.”
Educational attainment is a significant factor in financial health, according to new research from Navient and Ipsos. Bachelor’s degree recipients ages 22 to 35 are more likely to be in good or excellent financial health than their peers without a college degree (92 percent compared to 80 percent), according to the research.
“We are proud to help support the Delaware Adolescent Program, Inc. and its efforts in encouraging students to get back on track and pursue higher education,” said Sheila Ryan-Macie, senior vice president, Navient. “Completing college impacts every aspect of a person’s professional and financial life.”