Project Tassels aims to help 1,000 Black students reclaim their “stranded credits,” which a student has earned in the classroom but cannot claim due to an unpaid balance with their university. Stranded credits lead to transcripts being held as collateral and prevents students from obtaining their degrees — though they are still held responsible for student loans.
A recent study by Ithaka S+R estimated approximately 6.6 million students have stranded credits in the U.S. The program will also focus on building generational wealth for their families and their communities.
“Terrence J has shown a commitment to the advancement of Black America’s youth for years and we couldn’t be more excited to add him to our growing team of advisors and partners,” said First Boulevard president and CEO Donald Hawkins. “Through his work with Project Tassels, Terrence J will help over 1,000 people gain a new lease on life and with a focus on financial education, he’ll also make a significant impact on HBCU students by providing modern day financial tips to avoid the debt trap and reach their goals.”
First Boulevard has also partnered with Gabrielle Union and AutoZone CFO Jamere Jackson. Later this year, they will unveil a Visa debit card that will provide 15% cash back to those who purchase from Black-owned businesses.
