OneMain and KIPP Announce Partnership to Develop Financial Literacy Toolkit

OneMain Holdings, Inc. (NYSE:OMF) and KIPP (Knowledge Is Power Program), announced today that they have entered into a year-long partnership to develop a comprehensive financial literacy toolkit to be made available to all 183 KIPP schools by 2017. When complete, the toolkit will offer resources, curriculum and protocols to help students, staff and families at KIPP public charter schools navigate financial issues, such as budgeting and wise use of credit, and questions related to college costs.

Statement from Tracy McDaniel

This month, the Center for Civil Rights Remedies will release a report entitled "Charter Schools, Civil Rights and School Discipline: A Comprehensive Review." It will draw on data from a report from the Office of Civil Rights on school suspension data from 2011-12. According to the CCR report, KIPP Reach College Preparatory, the middle school I founded in 2002 and still lead, had a suspension rate for black students in 2011-12 of 71 percent. This number is inaccurate, not because of a mistake by the Office of Civil Rights, but because of a reporting error we made at KIPP Reach.