US Chamber of Commerce:
HSBC – North America and the Cristo Rey Network
HSBC Nonprofit Work Study Program
Situation Analysis: A survey showed that for every 100 high school students in the United States who begin ninth grade, 67 finish high school in four years; 38 go to college and 18 earn associate degrees in six years. (Mortenson, T. . NCES-IPEDS graduation rate survey. Postsecondary Education Opportunity.)
Solution: HSBC partnered with the Cristo Rey Network to create the HSBC Nonprofit Work Study Program. This program subsidizes college preparatory education to students in Cristo Rey Network high schools and supports students who work at community-based nonprofit organizations. The organizations benefit from the employment of student workers underwritten by HSBC.