Auto insurance company Allstate launched the second annual “Quotes for Education” program last August 17, collaborating with United Negro College Fund to raise $100, 000 in scholarship funds to financially assist African-American students. This is to allay the problem that over 2/3 of African-American students who, according to statistics, drop out of college due to financial problems.
The insurance company would donate $5 to the United Negro College Fund for each auto insurance quotes completed from August 15 to September 30, 2010 as part of the fund-raising program. Quotes could be accessed from the quotes for education page of the Allstate website over the internet, or they could be gotten from an Allstate insurance agent. Clients and customers could also access the quotes by dialling 1-866-998-2188 by phone or texting “ALLSTATE” to 89074 by mobile.
The Allstate chief diversity officer, Anise Wiley-Little, said in a statement that the insurance company recognizes how important education is and to support organizations that facilitate academics and higher learning. Wiley-Little also added that the fund-raising program was not to only benefit the United Negro College Fund but also the families and communities involved. By having company clients and customers complete auto insurance quotes for their company, drivers and motorists would be doing a great help for college students in attaining higher education.
The United Negro Collefe Fund president and CEO, Michael Loman, Ph.D., said in a statement that the institution is grateful to Allstate for committing their efforts and resources to helping with education. Loman also added that the studies who would be helped by the insurance company’s fund-raising activity would be able to be properly educated to become well-trained public servants that would lead communities and the country in the future.
Due to the country’s struggling economy, tuition increases, and funding deficits there have been plenty of difficulties for college students to attain decent higher education while the African-American group is most particularly vulnerable. The Institute for Higher Education showed that almost half of the African-American student population stated that the need to work was practically important for them, and that over 46% of them receive federal rewards from Pell Grant. Also, the College Board Advocacy and Policy Center also showed that over 27% of these students have at least $30, 500 of student loan debt after they graduate from university.
Allstate is America’s largest personal lines auto insurer, and is well known for its slogan: “You’re In Good Hands With Allstate®”.