Transformance Partners with Paul Quinn College

  DALLAS, TX - 02/08/2017 (PRESS RELEASE JET)

Transformance, an integrated financial capability non-profit organization and Paul Quinn College (“Paul Quinn”) have reached an agreement where Transformance will become a corporate partner in the school’s highly innovative Work Program (“Work Program”).  Transformance will provide part-time employment for several Paul Quinn students for the spring 2017 semester.  

The Paul Quinn College Work Program connects local businesses and non-profits with unique and diverse student talent while providing real-life work experience and exposure to careers within high-growth, high-demand industries. The College focuses on the skills development and marketability of its students and preparing them to enter the 21^st century workforce. Transformance hopes to provide PQC students with its specialty—financial literacy coaching to help bolster their internship experience.  

“The opportunity to change the trajectory of a young student’s life can’t be underestimated,” stated Dr. Daniel B. Prescott, Jr., interim president and CEO of Transformance. “We’re going to provide an atmosphere where these students can learn, benefit and take away invaluable life lessons from their time here.”

Paul Quinn students will begin their work at Transformance immediately, alternating among various internal departments such as accounting, inbound call center and communications.

The Work Program is one component of a new and innovative Urban College model committed to the holistic education of the student. Students are encouraged to actively participate in their learning experiences, to serve each other and their community, and to make no small plans for their futures. The PQC Work Program enables students to excel in these areas while working towards reducing their educational debt.

“We recognize the importance of preparing our students to be able to compete and lead in a global economy” stated Dr. Michael J. Sorrell, President of Paul Quinn College. “Our model invests in our students’ academic and career development while supporting talent attraction and retention efforts of organizations in our local community. We are excited about our new partnership with Transformance and the synergy in our missions.”   

For more information on Paul Quinn College, please visit www.pqc.edu. For more information on Transformance, please visit www.transformanceusa.org.

About Transformance Inc.

In 2016, Transformance delivered more than 100,000 consumer interactions through financial coaching, outreach and education. In 2017, the agency will continue to serve low and moderate income families with transformative financial learning solutions accessible online and through its new mobile app, Pocket Change USA.

Since its founding in 1974, Transformance has empowered clients to overcome adversity and attain their financial goals. Services include credit/budget coaching, financial education, housing counseling, individual debt management and bankruptcy coaching. Transformance provides the following programs and services:

• Provides a national nonprofit resource dedicated to confidential and professional coaching to assist financially distressed or economically vulnerable families
• Develops and fosters community educational programs on family money management, budgeting and the wise use of money and credit
• Develops and maintains a positive working relationship with the credit community, employee assistance programs, professional counselors and community-based social service agencies
• Provides opportunities for economic empowerment of low and moderate income families and with a particular focus on at-risk communities such as seniors, military families, veterans, communities of color and single, female-headed households
• Enables good financial knowledge early in life through its focus on education of students (K -12) and their parents through agency strategic partnerships

Transformance Inc., is a 501(c)(3) nonprofit founded in 1974, and is a United Way Service Provider as well as a HUD-approved multistate housing counseling and education organization. The agency is formally accredited every four years by the Council on Accreditation for Children and Families (COA) to ensure compliance with top industry standards and best practices. The agency has its headquarters in Dallas, Texas, with satellite offices in Arlington; Austin; Amarillo and Ardmore, Oklahoma.

To read more about Transformance Inc., or for an annual report, visit http://www.transformanceusa.org.

ABOUT PAUL QUINN COLLEGE AND THE WORK PROGRAM
Paul Quinn College is a private, faith-based, four-year, liberal arts-inspired college that was founded on April 4, 1872 by a group of African Methodist Episcopal Church preachers in Austin, Texas. The school’s original purpose was to educate freed slaves and their offspring. Today, we proudly educate students of all races and socio-economic classes under the banner of our institutional ethos, WE over Me. Our mission is to provide a quality, faith-based education that addresses the academic, social, and Christian development of students.

Paul Quinn’s guiding principles are as follows:

• Leave places better than you found them
• Lead from wherever you are
• Live a life that matters.
• Love something greater than yourself

Beginning in the fall of 2015, Paul Quinn College adopted a new student financial structure called the “New Urban College Model” which, among other characteristics, reduced student tuition and fees and provides students with the ability to graduate with less than $10,000 of student loan debt. The centerpiece of the New Urban College Model is Paul Quinn’s decision to become the country’s only urban Work College. There are currently seven work colleges in the nation. Paul Quinn aspires to become the eighth federally funded work college in the United States, the first Minority Serving Institution (“MSI”) in the Work College Consortium, and the first work college in Texas.

Transformance Media Contact:
Jeffrey Cheatham, Senior Account Manager
TrizCom PR
Office: 972-247-1369
Mobile: 972-961-6171
jeffc@trizcom.com

Paul Quinn College Media Contact:
Mercedes Fulbright
Special Assistant to the President
Office: (214) 379-5577
Mobile: (972) 832-4109
Mfulbright@pqc.edu

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