Wells Fargo Invites Veterans to Apply for Veteran Scholarships, Emergency Grants
January 04 2018 - 8:00AM
Business Wire
48 scholarships and 84 emergency grants awarded
since 2016 to veterans and spouses of veterans with
disabilities
Wells Fargo & Company (NYSE: WFC) and Scholarship America
announced they are accepting applications for the 2018 Wells Fargo
Veterans Scholarship and Wells Fargo Veterans Emergency Grant
Programs. In 2016, Wells Fargo committed $2 million over a
four-year period to fund the programs and help veterans and spouses
of veterans with disabilities succeed in careers they choose. Since
the programs launched, 48 scholarships and 84 emergency grants have
been awarded.
“Wells Fargo’s robust support of military members and veterans
is impressive, with efforts totaling more than $100 million in the
past five years,” said Robert C. Ballard, president and CEO of
Scholarship America. “The company looks at all of the needs of
service members and veterans, from financial education to housing
to scholarships and emergency grants. Scholarship America is
proud to work with Wells Fargo on these programs.”
Mark Frank, a U.S. Navy veteran, was one of the first awarded a
Wells Fargo Veteran Scholarship for the 2016–17 school year at
Louisiana State University, where he is studying to be a petroleum
engineer. He served six years as a Nuclear Machinist Mate on the
fast attack submarine USS Springfield, completing two Central
Command deployments. Frank was awarded four Navy and Marine Core
Achievement Medals, a Global War on Terrorism Expeditionary Medal,
and two Sea Service Ribbons. He currently serves as president of
the Student Veterans of Louisiana State University student
organization and as an adviser with Student Government Veteran
& Military Affairs.
“I greatly appreciate receiving the Wells Fargo Veteran
Scholarship to help me complete my education,” said Frank. “The
financial burden of college is increasingly challenging. Even with
the help of the GI Bill, there is still a substantial financial
burden, with daily living expenses. With this scholarship, I can
focus on school rather than stress about financial debt.”
Scholarship America, one of the largest providers of U.S.
postsecondary educational assistance programs, and Wells Fargo have
worked together since 1991, starting with the Children of Employee
Scholarship Program. The two organizations collaborated on the
application and selection process for the scholarship and emergency
grants, using best practices from the highest quality postsecondary
educational aid programs.
“The government offers the GI Bill to help veterans cover the
cost of obtaining education or training, but there is still a
financial gap,” said Jerry Quinn, Wells Fargo Military &
Veteran Program manager. “By working with Scholarship America, we
are able to fill that gap and help veterans and spouses of veterans
with disabilities reach their educational goals. These men and
women have put their lives on the line for our country. This is
just one of the many ways Wells Fargo expresses its appreciation
for their service.”
The Wells Fargo Veterans Scholarship Program
Applications for the scholarship program are being accepted
through Feb. 28, 2018. Awards will be made to honorably discharged
veterans or spouses of disabled veterans who are high school or GED
graduates. Renewable scholarships for up to $7,000 per year will be
granted, determined by financial need and consideration of academic
performance, work experience, leadership, community service, and
challenges with completing a postsecondary program. Each award
renewal will increase by $1,000 over the previous year to encourage
program completion for each recipient.
Visit www.scholarsapply.org/wellsfargoveterans for more
information and to apply.
The Wells Fargo Veterans Emergency Grant Program
Emergency grants are available on an ongoing basis for eligible
veterans who are enrolled in postsecondary education and experience
unexpected financial difficulties that might cause them to drop out
of school. Grants will be available for a one-time distribution up
to $1,000 based on the cost of the emergency need, such as rent,
utilities, daycare, and medical expenses. Visit
www.scholarsapply.org/wellsfargoveteransemergency for more
information and to apply.
More information about Wells Fargo’s support of service members,
veterans, and their families is available at
wellsfargo.com/military/veterans.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a diversified,
community-based financial services company with $1.9 trillion in
assets. Wells Fargo’s vision is to satisfy our customers’ financial
needs and help them succeed financially. Founded in 1852 and
headquartered in San Francisco, Wells Fargo provides banking,
insurance, investments, mortgage, and consumer and commercial
finance through more than 8,400 locations, 13,000 ATMs, the
internet (wellsfargo.com) and mobile banking, and has offices in 42
countries and territories to support customers who conduct business
in the global economy. With approximately 268,000 team members,
Wells Fargo serves one in three households in the United States.
Wells Fargo & Company was ranked No. 25 on Fortune’s 2017
rankings of America’s largest corporations. The Chronicle of
Philanthropy ranked Wells Fargo No. 3 on its most recent list of
the top corporate cash philanthropists. In 2016, Wells Fargo
donated $281.3 million to 14,900 nonprofits and Wells Fargo team
members volunteered 1.73 million hours with 50,000 nonprofits.
Wells Fargo’s corporate social responsibility efforts are focused
on three priorities: economic empowerment in underserved
communities, environmental sustainability, and advancing diversity
and social inclusion. News, insights and perspectives from Wells
Fargo are also available at Wells Fargo Stories.
About Scholarship America
For nearly 60 years, Scholarship America has worked directly
with students, parents, donors, colleges, businesses and
communities to empower people to achieve their educational goals.
As the nation’s largest private education support organization,
having distributed over $3.7 billion to more than 2.3 million
students, Scholarship America is now working to further engage the
private sector to support programs and policies that advance equity
in postsecondary education and help students overcome barriers to
access, persistence and attainment. More information is available
at scholarshipamerica.org.
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version on businesswire.com: http://www.businesswire.com/news/home/20180104005307/en/
MediaLisa Westermann,
415-222-6236Lisa.B.Westermann@wellsfargo.comTwitter
@LWestermannWF
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