Pilot Program 2014

Our six-week pilot program was delivered to 16 high-achieving, underprivileged students during the summer of 2014. 

Program Highlights

Students were formally assessed on their financial literacy both before and after the program, using a national financial literacy exam as a benchmark. The short-term results indicate significant program impact, with graduates not only demonstrating exponential individual improvement but also far outpacing the national average. 

*In 2012, the Financial Industry Regulatory Authority (FINRA) produced a five-question financial literacy test as part of a greater assessment to gauge national financial capabilities. UniFi Scholars used this test as a baseline to assess the progress of our students, although slightly modified the test to better tailor the questions to our student population

*In 2012, the Financial Industry Regulatory Authority (FINRA) produced a five-question financial literacy test as part of a greater assessment to gauge national financial capabilities. UniFi Scholars used this test as a baseline to assess the progress of our students, although slightly modified the test to better tailor the questions to our student population

program guest Speakers

College Admissions Officers: Recruiters from Adelphi University, Cooper Union, Pace University, SUNY-Brockport, the SUNY Center, Wells College and Yale University addressed our students in a roundtable discussion. Students thus were able to learn directly from the source about college opportunities and build a rapport with university agents themselves.

Young professionals from a variety of different industries addressed our students during field trips, allowing students to gain a better understanding of the lifestyles and experiences of recent college graduates and begin to think about college in terms of their future career path.

 

program Field Trips

College Tours: Students visited Manhattan College and Columbia University during the duration of the program to get a sense of the different types of schools and how they might fit into those campuses.

Dynamic Businesses: Students visited Bank of America, Facebook, Sam Schwartz Engineering and Viacom in order to gain a better sense of how businesses operate, witness a spectrum of different company cultures, observe an array of different professional responsibilities, learn about different sectors, and begin to form their own personal networks.

 

Habit-Forming Projects

In-Class Avatar: At the beginning of the course, students were given an avatar profile that included occupation, fixed expenditures, and variable expenditures. As part of weekly homework assignments, students were made responsible for the financial upkeep of this profile, given a set of random “life” variables. 

10-Year Budget: As a final project, students were required to present a long-term budget that forecasted inflows and outflows throughout college, graduate school, and their first jobs. Such a budget included items as large as considerations of student loans and projected income given their desired profession to concerns as small as expenditures on late-night food.


Key Partners

Sports & Arts in Schools Foundation

Sports & Arts in Schools Foundation (SASF), a non-profit 501(c)(3) organization, is one of the largest providers of school-based after-school programs in New York City and the metropolitan region. SASF serves more than 27,000 students in over 150 public schools.  These students typically live in low-income neighborhoods and attend academically struggling schools in grades K-12. The organization seeks to help bridge the academic performance gap among under-achieving students by extending the school day and year with wholesome, skill-building activities designed to improve New York City children’s academic performance, health and wellness, attitude towards school, self-confidence, character and values, and opportunity for lifelong employment. All pilot program students will be enrolled in SASF programs and will be employed by SASF over the duration of the summer.

Special Thanks to all the Businesses and Partners who supported us: