Business

Tell a California College Student to Apply for a $10,000 Stipend

“We enacted the most comprehensive economic stimulus program in the nation last year, getting billions in immediate relief to millions of Californians. But many folks are still struggling, especially with high costs due to inflation, so we’re leveraging this historic surplus to get money back into the pockets of Californians,” said Newsom when he announced the relief package. “This inflation relief package will help offset the higher costs that Californians are facing right now and provide support to those still recovering from the pandemic,” the governor continued.

Published

4 years ago

June 4, 2022

Oakland Post

To apply, go to https://www.californiavolunteers.ca.gov/californiansforall-college-corps-for-college-students/.

By Tanu Henry, California Black Media

California Chief Service Officer Josh Fryday and other education advocates around the state are encouraging college students to apply for financial assistance through the Californians for All College Corps program.

Over the next two years, 6,500 California students who qualify will receive stipends of $10,000 each year to pay for college expenses. In return, the students will be required to participate in community service projects tackling issues related to climate change, education, food insecurity and more.

Gov. Gavin Newsom announced in January that the state was investing $146 million in the work service effort that his office says would help low-income students graduate on time and with less debt. Selected students will also receive academic credit for the work they do in their communities.

“Students are graduating with crippling debt. This service and career development program helps create a debt-free college pathway while promoting service. If you are willing to serve your community and give back in a meaningful way, we are going to help you pay for college,” said Fryday.

Fryday, who Newsom appointed in 2019 to oversee volunteering, civic engagement and service initiatives in California, was speaking at the launch of the “College Corps” program in Merced earlier this month.

Officials from the University of California Merced, California State University Stanislaus, and California State University Fresno joined Fryday at the kickoff event.

“This is a win-win-win: Helping to pay for college, gaining valuable work experience, and having a meaningful impact on your community,” Fryday continued.

Universities across the state will collaborate with local government, community service organizations and non-profits to assign students to projects that are priorities in their region.

The College Corps program is being launched at a time Newsom is initiating several programs organized to address skyrocketing inflation as Californians recover from economic challenges brought on by the global COVID-19 pandemic.

On May 12, Newsom announced an $18.1 billion package with relief funding in tax refunds, childcare assistance, a minimum wage increase, help with utility bills, health insurance subsidies, stimulus payments for health care workers, and more.

“This inflation relief package will help offset the higher costs that Californians are facing right now and provide support to those still recovering from the pandemic,” the governor continued.

The College Corps program requires students to complete 450 hours of community service over the course of the school year to receive the funding.

“The College Corps initiative is not only an important way for California to show that it values the efforts of our students, but also another significant advancement in helping more students complete college without financial stressors that can follow them into their early careers,” said Juan Sánchez Muñoz, University of California Merced Chancellor.

To apply, go to https://www.californiavolunteers.ca.gov/californiansforall-college-corps-for-college-students/.

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Oakland Post: Week of March 18 – 24, 2026

The printed Weekly Edition of the Oakland Post: Week of March 18 – 24, 2026

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2 weeks ago

March 22, 2026

Oakland Post

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Advice

Financial Wellness and Mental Health: Managing Money Stress in College 

While everyone’s financial situation is unique, several common sources of stress have the potential to strain your financial health. These include financial and economic uncertainty, existing debts, unexpected expenses, and mental or physical health changes. Financial stress may differ from situation to situation, but understanding the factors contributing to yours may help you begin to craft a plan for your unique circumstances.

Published

2 weeks ago

March 17, 2026

Oakland Post

Sponsored by JPMorganChase

As a college student, managing financial responsibilities can be stressful.

If you’ve found yourself staying up late thinking about your finances or just feeling anxious overall about your financial future, you’re not alone. In one survey, 78% of college students who reported financial stress had negative impacts on their mental health, and 59% considered dropping out. While finances can impact overall stress, taking steps to manage your finances can support your mental, emotional and physical well-being.

When it comes to money, the sources of stress may look different for each student, but identifying the underlying causes and setting goals accordingly may help you feel more confident about your financial future.

Consider these strategies to help improve your financial wellness and reduce stress.

Understand what causes financial stress

2. Determine your financial priorities

Start by reflecting on your financial priorities. For students this often includes paying for school or paying off student loans, studying abroad, saving for spring break, building an emergency fund, paying down credit card debt or buying a car. Name the milestones that are most important to you, and plan accordingly.

3. Create a plan and stick to it

While setting actionable goals starts you on the journey to better financial health, it’s essential to craft a plan to follow through. Identifying and committing to a savings plan may give you a greater sense of control over your finances, which may help reduce your stress. Creating and sticking to a budget allows you to better track where your money is going so you may spend less and save more.

4. Pay down debt

Many students have some form of debt and want to make progress toward reducing their debt obligations. One option is the debt avalanche method, which focuses on paying off your debt with the highest interest rate first, then moving on to the debt with the next-highest interest rate. Another is the debt snowball method, which builds momentum by paying off your smallest debt balance, and then working your way up to the largest amounts.

5. Build your financial resilience

Some financial stress may be inevitable, but building financial resilience may allow you to overcome obstacles more easily. The more you learn about managing your money, for instance, the more prepared you’ll feel if the unexpected happens. Growing your emergency savings also may increase resilience since you’ll be more financially prepared to cover unexpected expenses or pay your living expenses.

6. Seek help and support

Many colleges have resources to help students experiencing financial stress, like financial literacy courses or funds that provide some assistance for students in need. Talk to your admissions counselor or advisor about your concerns, and they can direct you to sources of support. Your school’s counseling center can also be a great resource for mental health assistance if you’re struggling with financial stress.

The bottom line

Financial stress can affect college students’ health and wellbeing, but it doesn’t have to derail your dreams. Setting smart financial goals and developing simple plans to achieve them may help ease your stress. Revisit and adjust your plan as needed to ensure it continues to work for you, and seek additional support on campus as needed to help keep you on track.

 JPMorgan Chase Bank, N.A. Member FDIC