Commitment to Action

Barclays Dream Accounts

Commitment by

Barclays PLC

In 2013, Barclays committed to launching Dream Accounts, an educational initiative to improve college continuation and graduation rates among low-income high school students through virtual peer mentorship. Barclays will build and pilot an innovative mobile app to provide a social media-based platform that will connect current college students with current high school students of similar backgrounds. Content on the app includes videos and blogs from college student mentors, a financial dashboard to track a student's savings towards college, and strategies for students to learn how to save for college, find financial aid, and prepare a professional resume for their college applications. Additionally, Barclays will develop a savings product with no fees or minimum balance that allows students, as minors, to be the primary account holder, and will reward positive savings behaviors with a bonus on interest earned. Over the next year Barclays will pilot this initiative in Delaware high schools and expects 1,000 students to participate.

Share

Tabs

Overview
Summary

Commitment

Barclays Dream Accounts

Launched

2013

Est. Duration

1 year

Region

Northern America

Countries

United States of America

Commitment by

Barclays PLC

Partner(s)

Teach for America, State of Delaware, Utah Educational Saving Plans