Sallie Mae Contributes $200,000 to Support College Access at Historically Black Colleges and Universities
September 25 2024 - 1:30PM
Business Wire
The Sallie Mae Fund Sponsors HBCU Week
College Fairs in Wilmington, Del. And Orlando, Fla. Connecting
Students to Free Resources and Scholarships
The Sallie Mae Fund, Inc. today announced it is contributing
$200,000 to HBCU Week Foundation, Inc. to support higher education
access at Historically Black Colleges and Universities (HBCUs). The
Sallie Mae Fund will again be the presenting sponsor for the HBCU
Week College Fair in Wilmington, Del., on Sept. 27 and the national
HBCU College Fair in Orlando, Fla., on Oct. 24. These events
attract thousands of prospective HBCU students and connect students
to schools, scholarships, and on-the-spot college acceptances. The
Sallie Mae Fund has contributed $500,000 since 2022 to support HBCU
Week Foundation college fairs.
“HBCU Week gives students an inside look at the HBCU experience
while connecting them to free tools and resources from our partners
like Sallie Mae,” said Ashley Christopher, Founder and CEO of the
HBCU Week Foundation. “This continues to be a week that changes
lives – it provides opportunities for thousands of students and
highlights the pride and promise of attending an HBCU.”
As part of the HBCU Week college fairs, The Sallie Mae Fund will
also connect students to free tools and resources to make college
more accessible and affordable including Scholarship Search by
Sallie, Sallie Mae’s free scholarship resource, and the company’s
guide to helping families complete the Free Application for Federal
Student Aid (FAFSA.) Research from Sallie Mae and Ipsos confirms
88% of HBCU students relied on scholarships and grants to pay for
college and average amounts received were 51% higher than families
attending other institutions.
“HBCUs reach traditionally underserved and underrepresented
students, offering them academic opportunities and a supportive and
inclusive environment that nurtures their potential,” said Nic
Jafarieh, Executive Vice President, Sallie Mae and Chair of The
Sallie Mae Fund. “That’s why events like HBCU Week are so critical
and why we must continue to invest in programs that support access
and completion at HBCUs.”
In addition to advancing access to HBCUs, Sallie Mae recently
announced a $1 million research endowment to leading HBCU -
Delaware State University - to support a comprehensive three-year
“Persistence and Completion Pilot Program.” The program studies and
identifies barriers to degree completion, helps students return to
school and complete, and helps advance policy recommendations and
best practices to enhance student re-engagement. The company also
offers its Completing the Dream Scholarship, which, since 2021, has
eliminated nearly $2 million in unexpected costs for students, 98%
of whom attend HBCUs.
For more information on Sallie Mae’s free tools, resources, and
scholarship programs, visit www.salliemae.com.
***
Sallie Mae (Nasdaq: SLM) believes education and life-long
learning, in all forms, help people achieve great things. As the
leader in private student lending, we provide financing and
know-how to support access to college and offer products and
resources to help customers make new goals and experiences, beyond
college, happen. Learn more at SallieMae.com. Commonly known as
Sallie Mae, SLM Corporation and its subsidiaries are not sponsored
by or agencies of the United States of America.
Category: Community and Philanthropy
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version on businesswire.com: https://www.businesswire.com/news/home/20240925772350/en/
Sabrina Dolgetta 703.438.5941 Sabrina.Dolgetta@salliemae.com
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