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Loyola receives opportunity for new student scholarship funds

Loyola press release - November 17, 2007

(New Orleans) Loyola University New Orleans has received a new matching opportunity to provide scholarships for students. The Louisiana Board of Regents (BOR) Scholarship Fund is a new state endowed scholarship matching opportunity created for Louisiana first-generation college students. The new scholarship will provide for $5,000 to be awarded annually to an eligible student or students, along with at least 10 hours of campus employment.

First-generation college students are those students whose parents or legal guardians have never earned a college degree. They must also have been awarded a federal Pell grant and have been admitted to the university awarding the scholarship.

The new fund provides each four-year university in Louisiana with $40,000, to match $60,000 to be raised by each individual university. Proceeds will be used to establish or enhance a permanent endowed scholarship fund.

From the endowment, $5,000 will be awarded annually to eligible students at the discretion of the university and may be divided among multiple recipients, provided that each student receives at least $1,000 per year in program funds.

In addition to program funds, universities will be required to provide BOR scholarship recipients with active and engaged academic advising and at least 10 hours per week of campus employment over and above the scholarship.

For more information, please contact Karen Anklam at keanklam@loyno.edu or (504) 861-5423.