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November 02, 2022

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Bank of America grant helps Hispanic students achieve upward mobility in health care industry

University of Central Florida (UCF) has been awarded a two-year $250,000 grant from Bank of America to support Hispanic/Latina/o/x students pursuing careers in health care through its Progresando Initiative. The initiative was created to help Hispanic/Latina/o/x students achieve upward economic mobility through careers in health care, while also helping to increase representation and address the shortage of culturally proficient, Spanish-speaking health providers.

As the nursing shortage continues to impact the nation, one alarming statistic shows less than 6% of nurses are Hispanic/Latina/o/x, which is disproportionate to the growing community that is often critically underserved in health care. Nursing is the largest health care profession in the nation, with more than 3.8 million nurses, according to the American Association of Colleges of Nursing.

Thanks to the investment from Bank of America and support from education consulting firm EAB, UCF has new tools to bolster recruitment efforts and support Hispanic/Latina/o/x student success in undergraduate and graduate nursing programs. UCF was one of 12 Hispanic Serving Institutions selected to join the program. UCF was designated a Hispanic Serving Institution HSI in 2019, after surpassing 25% undergraduate Hispanic/Latina/o/x enrollment.

“UCF’s partnership with Bank of America and EAB enables us to expand our efforts in advancing the success of our students while addressing the critical shortage of Hispanic/Latina/o/x health care professionals, said Andrea Guzmán, UCF’s vice president of Diversity, Equity and Inclusion. “The success of Progresando surpasses educational access and attainment by leaving a lasting impact within industry and the communities we serve.”

Progresando is part of Bank of America’s efforts to create opportunities for people and communities of color, including a $25 million jobs initiative that includes partnerships with Hispanic-serving institutions.

“Hispanic/Latino graduate students cite gaps in academic preparation and support, caregiving responsibilities, unanticipated financial pressures, and language barriers as major challenges to degree completion,” said Steven Alch, president, Bank of America Central Florida. “Through the Progresando Initiative with UCF we’re supporting Hispanic/Latino students beginning health care careers while strengthening the pipeline to support employer demand.”

EAB is providing strategic consulting, enrollment support and expert advisory services to six pairs of two-year and four-year Hispanic-serving institutions in states with large Hispanic/Latina/o/x communities and critical gaps in the health care workforce as part of the effort. Valencia College, a local partner with UCF, was also selected as part of the cohort.

“EAB is proud to partner with Bank of America to deliver better outcomes for Hispanic patients by working with HSIs to help more Hispanic students launch meaningful and rewarding health care careers,” said EAB Chief Partner Officer Sally Amoruso. “As an HSI committed to advancing social mobility across a diverse community, UCF was a natural fit to invite into the Progresando Initiative, and we are excited to be working with them to design a more empowering journey for their students.”

The latest U.S. Census Bureau data indicates 18.5% of U.S. population is Hispanic. However, representation of Hispanic/Latina/o/x people in health care is much smaller. Based on population growth and increasing needs for quality health care, Hispanic/Latina/o/x populations also continue to face disproportionate barriers to access, availability and affordability of health care. Commitments like Progresando are critical to increasing the representation of Hispanic/Latina/o/x health care professionals, enhancing the capacity to deliver health care services and driving greater economic mobility for Hispanic/Latina/o/x communities. With nearly 33% of individuals in the greater Orlando area identifying as Hispanic/Latina/o/x, the effort is especially impactful to the local region.

Part of the $250,000 investment will provide funding for an undergraduate research and writing lab, health care examination test prep and examination fees, and a health care professions education series to benefit more than 1,500 individuals. These are all areas that address several challenges that may prevent Hispanic/Latina/o/x students from graduating and pursuing a career in nursing and other health care professions.

"UCF's College of Nursing is committed to ensuring a brighter and healthier future for all,” says UCF College of Nursing Dean Mary Lou Sole. “This effort will not only provide more opportunity for Hispanic nurses to achieve their educational goals and advance their careers, but it will positively impact the health of underserved and underrepresented communities as these new Knight nurses practice as providers, leaders, educators and scientists.”

The Research and Writing Lab for HealthCare Programs will be modeled after traditional academic success labs with peer-to-peer assistance, six student-employees and six adjunct faculty, who will be available to assist more than 800 students in health care programs with thesis reading and critiquing, as well as mentoring.

More than 400 students are estimated to benefit from health care examination test preparation sessions and tutoring services. Standardized examinations are required for most health care profession programs for students to graduate and begin practice, the sessions and tutoring will allow students to be better prepared for the exam and increase success rates. Topic-based “Lunch and Learns” will be available in-person and virtually and virtual tutoring sessions will be recorded and made available to students as online sessions in the future. A $70,000 hardship fund will also cover up to $500 in testing fees for individuals with an identified financial need.

In addition to reaching current UCF students, the health professions educational series will spread awareness about medical professions to local middle and high school students through themed discussions led by professionals from diverse backgrounds. It will also provide opportunities for adult learners seeking to retool or upskill to participate in CareerSource Florida and UCF Continuing Education sponsored sessions.

UCF is also using funding awarded through the partnership to help increase awareness and enrollment in select, graduate-nursing programs where an increase in Hispanic/Latina/o/x representation may have the most impact. The programs are offered online, which provides working adults nationwide an opportunity to pursue a high-quality education at their convenience.

About Bank of America

Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 68 million consumer and small business clients with approximately 3,900 retail financial centers, approximately 16,000 ATMs and award-winning digital banking with approximately 56 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 3 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and approximately 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

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