The Simon Foundations and Horatio Alger Association of Distinguished Americans are partnering to provide more than $20 million in scholarships to disadvantaged youth over the next decade, the nonprofit groups announced.
The goal of the strategic alliance is to enhance opportunities for deserving Simon Scholars. Students are selected through an admissions process and receive financial support and life skills training throughout their junior and senior years of high school. Upon graduation, Simon Scholars will have access to Horatio Alger Association's Collegiate Partners Program, Campus Crest Housing Program, and mentoring and internship opportunities.
"When my children and I began the Simon Scholars Program, we wanted to help students who faced great challenges," said Ronald M. Simon, founder of the Simon Foundations, in a press release. "Now in a strategic partnership with Horatio Alger Association ... we can expand the Simon Scholars Program to serve even more deserving students."
The program accepts approximately 125 new students each year with more than 850 students having participated. Nearly 90 percent of the Simon Scholars who enter college earn their degree, officials said.
The Horatio Alger National Scholarship Program is one of the largest privately funded, need-based financial programs in the U.S., having awarded more than $100 million in scholarships to undergraduate and graduate students since 1984. This year alone the association awarded $9 million in need-based scholarships to 921 students.
"This six-year scholarship initiative aims to ensure educational success and guidance for selected students through both high school and college," said David L. Sokol, chairman of the Horatio Alger Association, in a press release. "Our organizations share an abiding commitment to identifying tomorrow's leaders and we strongly believe that hard work, honesty and determination can conquer all obstacles."
Hispanic #1 Breaking News for Entrepreneurs, Professionals and Small Business Owners - HispanicBusiness.com
OCTOBER 30, 2014
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