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CIBC donation supports financial literacy for NSCC students

February 22, 2018 – Media Release

Halifax, NS – NSCC is pleased to announce a donation of $125,000 by CIBC to support the development of a financial literacy course available to all NSCC students across Nova Scotia. Details of the donation to Make Way – The Campaign for NSCC were announced this morning at the Ivany Campus in Dartmouth.

"We are excited to support the development of a financial literacy course for NSCC students across Nova Scotia, providing them with fundamental knowledge to manage their money and make smart financial decisions which they can apply to their lives now and in the future," says Mike Bagnall, Vice President and Region Head, CIBC.

"In many cases, students face extreme financial pressure – juggling tuition and related costs, income from low-paying part-time jobs, and accumulated debt. With this investment, we hope to make a tangible difference in this area for NSCC’s 11,000 full-time students."

In the most recent Canadian Financial Capability Survey (2014) the average Canadian earned a C grade or 62 per cent on a money-management survey. Studies also show that household debt is at an all-time high in this country, while students are graduating with more debt than ever before.  

CIBC's donation will help provide financial literacy training to students at all NSCC locations across the province. While the course is yet to be developed, it will be built into every College program beginning in 2018-2019 and is expected to cover basics such as financial goal setting, budgeting and investing.

"Through the generosity of CIBC, students at Nova Scotia Community College will be better equipped to manage expenses, control personal debt and begin saving money for their future," says NSCC President Don Bureaux.

"We are so fortunate that CIBC sees the value in addressing this pressing societal issue amongst the college-aged population, and we look forward to providing these invaluable money-management tools to our students. It is yet another way that Make Way is harnessing the spirit of philanthropy to help students succeed. And when students succeed, we all succeed."

About Make Way – The Campaign for NSCC

Make Way is NSCC's most ambitious campaign to date, opening doors to education by raising $25 million to help students succeed. Through the generosity of donors, partners and sponsors, we are supporting students through scholarships, bursaries and urgent aid, as well as innovative learning, leading-edge instructional equipment and centres of expertise. Make Way is helping secure a strong future by investing in those who will propel Nova Scotia forward.

About NSCC

NSCC is committed to building Nova Scotia's economy and quality of life through education and innovation. Serving the province through a network of 13 campuses, the College offers 120 plus programs in five academic schools — Access, Business, IT & Creative Industries, Health & Human Services, and Trades & Technology — reflecting labour market needs and opportunities in Nova Scotia. NSCC's primary goal: student success. In an annual survey of its graduates, the College has found 87% are employed, most in their field of choice, with 92% of those employed living and working in Nova Scotia.

For More Information

Skana Gee
NSCC Foundation & Alumni Relations, Communications Advisor
902-491-3214 (o)
902-223-5234 (c)

Billy Comeau
NSCC Communications Advisor