Wells Fargo & Co. has donated $100,000 to support Grand View University’s Financial Empowerment Plan (FEP), the university announced today.

The program is designed to help students and families plan and finance an entire four-year degree, reduce costs, minimize debt and graduate on time. The Wells Fargo donation will help support financial literacy coaching for the students in the program.

All incoming freshmen this fall at Grand View will be enrolled in FEP, though they may opt out. Students who fulfill their Financial Empowerment Plan are likely to graduate in four years, know exactly how much their payments will be while they’re in school, know how much their monthly student loan payments and terms will be upon graduation, and see a reduction in the total cost of their education.

As part of its commitment to students in the program, Grand View limits tuition and room and board rate increases to no more than 2 percent per year.