Financial Aid

A New $150 Million Program to Boost Graduate Education for Underrepresented Students

Carnegie Mellon University in Pittsburgh and the Norman and Ruth Rales Foundation recently announced CMU Rales Fellows Program is expected each year to underwrite 86 graduate students in STEM fields in perpetuity, educating thousands of research and industry leaders in the coming decades.

New Report Examines The Disparate Impact of COVID-19 on Student Loan Debt for Blacks

A new study by the Center for Responsible Lending finds that women carry about two-thirds of the $1.7 trillion of federal student loan debt and Black women are more than twice as likely as White men to owe more than $50,000 in undergraduate student loan debt.

Many African American Families Are Struggling to Pay Back Parent PLUS Loans

In the month they were surveyed, 37 percent of Black parent-borrowers said they expected to be unable to make a partial payment on their student loan bills, compared to 20 percent for all other groups.

A $100 Million Gift to Boost Enrollments of Underrepresented Students at Loyola University

Loyola University Chicago received a $100 million gift to fund full scholarships, room and board, and an array of comprehensive support services for aspiring Black, Latino, first-generation, and other ethnically and racially diverse students who are historically underrepresented in higher education.

Once Again, Robert Smith Takes a Major Step to Help Blacks in Higher Education

Robert F. Smith, founder and CEO of Vista Equity Partners, announced a gift of $15 million to the College of Engineering at Cornell University. The funds will be used to establish an endowed scholarship fund to provide financial aid for Cornell engineering students from urban high schools and graduates of HBCUs.

New Scholarship Honors the First Black Woman Graduate of Yale Divinity School

A new scholarship at Yale Divinity School honors Rena Karefa-Smart, the first Black woman to graduate from the school. Dr. Karefa-Smart was also the first Black woman to earn a theology doctorate from Harvard Divinity School and the first female professor to earn tenure at the Howard University School of Divinity.

New Cornell University Fellowship Honors The First Black Student to Earn a Ph.D. in Botany

The Thomas Wyatt Turner Fellowship will support up to 10 graduate students from 1890 institutions, which are historically Black colleges and universities that are land-grant universities. They will spend the 2022-23 academic year on the Cornell University campus.

New Cornell University Fellowship for Students From Francophone Africa

Awards are for one year of study in the Cornell Law School LLM program or the Global Development program in the College of Agriculture and Life Sciences. The fellow receives a $20,000 stipend and a college tuition waiver. David Arnaud Ngam à Kibeng from Cameroon is the inaugural fellow.

Students at 35 HBCUs Can Receive Full-Tuition Scholarships at Suffolk University Law School

The scholarship is named for Thaddeus Alexander Kitchener, who was the first student of color to graduate from Suffolk Law. Originally from Jamaica, Kitchener graduated in 1913. Before being accepted at Suffolk Law, Kitchener was working as a janitor at what is now Simmons University in Boston. After law school, Kitchener continued to work as a janitor until at least 1918.

Visa Announces the First Cohort of Its Black Scholars and Jobs Program

In addition to financial assistance, Visa Black Scholars will work with mentors from the company, receive year-round programming and training aimed at developing their professional and technical skills, and will also be provided opportunities for paid internships. Those who meet program requirements will be invited to join Visa full-time after graduation.

How African American Undergraduate Students Were Impacted by the COVID-19 Pandemic

A new report from the U.S. Department of Education finds that some 7.2 percent of Black undergraduates said they withdrew from their college or university during the first few months of the pandemic, more than double the rate for Whites. Another 5.6 percent of all Black undergraduates took a leave of absence, almost double the rate for Whites.

J.P. Morgan and the UNCF Introduce New Scholarship Program for Students at HBCUs

The program will provide scholarships and mentorships to students attending one of 11 HBCUs across the U.S. and help them develop the skills they need to grow a career as a financial advisor. Each year 75 students at HBCUs will receive scholarships and will be eligible for summer internship programs.

Virginia State University to Pay Full Tuition of Local Pell Grant-Eligible Students

To qualify, students must be Pell Grant eligible, meet the university admission requirements, and live within a 25-mile radius of campus. This initiative provides qualified students, who have limited financial resources, the option to attend a four-year university directly out of high school.

Target to Provide Scholarships for 1,000 Black Students at HBCUs Through the UNCF

Target, the retail giant, will make higher education more affordable this fall for 1,000 first-year Black students at more than a dozen public and private historically Black colleges and universities through need-based scholarships of up to $5,000.

PepsiCo Foundation Commits $40 Million to Support Higher Education for Blacks and Hispanics

The new program funded by the PepsiCo Foundation is comprised of two types of scholarships – Uplift Scholarships for students seeking two-year associate degrees or trade certificates and S.M.I.L.E (Success Matters in Life & Education) scholarships for community college graduates transitioning to four-year colleges.

New Scholarship Program to Train the Next Generation of Civil Rights Attorneys

The NAACP Legal Defense and Educational Fund, Inc. has launched the Marshall-Motley Scholars Program, which aims to support the education and training of 50 aspiring civil rights lawyers over the next 20 years. In return for a full scholarship, students must agree to practice civil rights law in the South for at least eight years.

Syracuse University Creates a Scholarship to Honor a Former Performing Arts Scholar

The Felix E. Cochren Jr. Memorial Scholarship intends to promote a more diverse student body in the drama department by providing scholarship and financial assistance to current students who are underrepresented in the program.

Synovus Financial Sets Up UNCF Scholarship Fund to Honor Calvin Smyre

Calvin Smyre, a graduate of Fort Valley State University in Georgia, was elected to the Georgia General Assembly in 1974. He is the longest-serving member of that legislative body.

New Scholarships for Underrepresented Graduate Students at New York University

The Steinhardt Graduate School at New York University has announced a new scholarship program aimed at increasing diversity among graduate students. The scholarships will be need-based but with a merit component and will be geared toward students from underrepresented groups.

American University to Offer Free Ride to 10 District of Columbia Students Each Year

American university recently announced that its District Scholars Award program will provide full scholarships for high-achieving students with financial need who graduate from the city's public and charter high schools. Blacks make up 68 percent of the enrollments in the city's public schools.
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