Bank of America Renews Support for Wake Tech Programs
RALEIGH, N.C. (December 19, 2011) - Bank of America (BOA) will continue its support of vital Wake Tech programs for adults who are completing high school and want to continue their education. The financial institution has presented Wake Tech President Dr. Stephen Scott with a check for $30,000 for student scholarships. The funds will support graduates of Wake Tech's GED and Adult High School programs who want to take additional courses to acquire new skills or prepare for degree programs.
In 2009-10, Wake Tech provided basic skills to more than 8,000 individuals, 25 percent of whom were in high school equivalency programs. Approximately 830 students earned GED and AHS diplomas.
"Bank of America's support for these programs is especially valuable," says President Scott, "because it helps adult learners take that very important next step toward higher education. That step can make an enormous difference in their quality of life - and in the future they build for themselves and their families."
More than 16,000 students in North Carolina dropped out of high school last year. Without a high school diploma, young adults are twice as likely to be incarcerated and 40 percent more likely to be unemployed periodically or on government assistance throughout their lives.
Bank of America contributed $10,000 to the GED/AHS/HEP programs last year. In the two years prior, BOA contributed a total of $6,500 to Wake Tech's Fostering Bright Futures Fellowship, a program that helps former foster children in Wake County earn college degrees by providing academic tutoring, life mentors, and financial support.