Wells Fargo to Offer $1 Million in Scholarships to HBCU Students - Apply Today!
Posted By: Will Moss on November 23, 2021 SAN FRANCISCO, November 22, 2021 – Wells Fargo and the Thurgood Marshall College Fund (TMCF) are teaming up to help close the graduation gap for college seniors attending Historically Black Colleges and Universities (HBCUs). The $1 million Thurgood Marshall College Fund – Wells Fargo HBCU College Completion Scholarship program will support students making the final push to earn their degrees. Individual scholarships, up to $5,000, will be awarded based on financial need to HBCU seniors hoping to graduate in 2022. “A college degree is too important an achievement to be derailed by financial stresses, especially for seniors so close to graduating,” says Angela Crawford, head of Branch Banking & Consumer Segments Marketing, Wells Fargo. “We hope these funds can help shrink the graduation gap and put more students on the path to long-term financial stability.” Graduation rates among HBCU students are currently among the lowest for all students, according to the latest 2019 data from the Department of Education. The 6-year graduation rate among HBCU students is 35% compared to 60% for all U.S. college students attending four-year institutions. Adding to the disparity, 2021 Brookings Institute research found Black & African American college graduates, on average, hold $25,000 more debt at graduation than other college graduates. “TMCF is committed to holistically supporting HBCU students and removing barriers they may encounter on the road to graduation,” said Dr. Harry L. Williams, Thurgood Marshall College Fund president and CEO. “We know that many students experience financial hardships that put their plans for pursuing higher education in jeopardy. We are pleased to continue our relationship with Wells Fargo to build upon our commitment to our students, who have persisted in their educational journey despite difficult circumstances.” To be eligible for the College Completion Scholarship, students must complete the online application and meet the following requirements: • Current senior at an HBCU, with plans to graduate in 2022 • U.S. citizen or legal permanent resident with a valid permanent resident card or a passport stamped I-551 • A minimum 3.0 GPA on a 4.0 scale • Proof of financial need in outstanding bills that would prevent persisting or graduating As part of the award, recipients also have the opportunity for a mentoring relationship with a Wells Fargo employee. Applications are open from Nov. 9, 2021, through Jan. 3, 2022. Full details can be found at https://wellsfargo.com/scholarship. If you enjoyed this article, Join HBCU CONNECT today for similar content and opportunities via email! |
Comments
More From This Author
Latest Scholarship Tips
![]() |
PIMCO to Give $1 Million Annually for Future Leaders Scholarship!PIMCO, one of the world’s premier fixed income investment managers, is committing $1 million annually to help build the next generation of financial leaders at PIMCO and in the industry. The PIMCO Fut ...more
Sofía Montiel • 292 Views • February 2nd, 2023 |
![]() |
Scholarships for Students Attending Select HBCUsDid you know that UMHEF offers scholarships designated to support United Methodist students attending select HBCUs? Students who are members of The United Methodist Church and planning to attend a Uni ...more
Sofía Montiel • 274 Views • January 30th, 2023 |
![]() |
Creme of Nature Announces its 3rd Annual HBCU Scholarship to Empower the Next Generation of Leaders.JACKSONVILLE, Fla. -- Legacy hair care brand Creme of Nature is pleased to announce that its scholarship for HBCU students has returned for a third year. The fund will be administered by the Thurgood ...more
Sofía Montiel • 347 Views • January 24th, 2023 |
![]() |
The Arlington Foundation for Excellence in Education : Scholarship Deadline Feb 14thThe Arlington Foundation for Excellence in Education (AFEE) is pleased to announce the continuation of its scholarship program to support and encourage African-American students to pursue higher educa ...more
Carmille Turner • 143 Views • January 19th, 2023 |
![]() |
Start Your Year on the Right Foot! Apply Now to the $10,000 Hip Hop Architecture Scholarship ProgramHappy New Year!
We are excited to announce a new scholarship opportunity for minority students interested in studying architecture in college. The $10,000.00 scholarship is open to high school seni ...more
Sofía Montiel • 349 Views • January 10th, 2023 |
Popular Scholarship Tips
![]() |
APPLY for the TMCF | Wells Fargo HBCU College Completion Scholarship Program!The Thurgood Marshall College Fund (TMCF) and Wells Fargo are proud to offer financial assistance to outstanding seniors attending Historically Black Colleges and Universities (HBCUs). Two hundred (20 ...more
Kennedy Williams • 7,442 Views • December 17th, 2021 |
![]() |
Scholarship Opportunity for ALL HBCU Students | Tom Joyner Foundation & DennysThe Tom Joyner Foundation and Denny’s Corporation, franchisor and operator of one of America’s largest full-service restaurant chains, today announced the fifth annual Hungry For Education (HFE) schol ...more
Marcus Gilmore • 6,149 Views • September 21st, 2016 |