Student investment acumen funds new College of Business scholarship
Loyola press release - May 3, 2010
One student in the Loyola University New Orleans College of Business is benefitting from education in action, after she received the COB Student Investment Fund Scholarship.
The need-based scholarship was the brainchild of finance professor Ron Christner, Ph.D., and his Student Managed Investments Fund class, who learn the ins and outs of the stock market by investing real money, provided by the university. The students’ forays into the market have been exceedingly successful, despite the downturn in the economy, and they have turned profits of 40 percent. So, they decided to give back.
Christner and Jay Calamia, Loyola’s vice president for finance and administration, structured the framework for the scholarship, which Loyola’s President Rev. Kevin Wm. Wildes, S.J., Ph.D., approved this spring.
The scholarship will be presented every spring to a deserving junior or senior in the college. The amount of the scholarship is $3,000 for the first year or 3 percent of returns in subsequent years that the fund shows profits of at least 5 percent. No student may receive the scholarship more than once.
On May 7, Emilie Mae McKevitt received the scholarship at the College of Business awards ceremony. McKevitt, who is an accounting major, will use the scholarship for supplies and fees to help her become a CPA. Christner credits the university’s generosity and trust in facilitating this educational and philanthropic effort.
“The class has evolved into a hands-on investments experience for our students and their wise choices of investments have allowed us to provide a funding source for a new scholarship,” Christner said. “We are grateful for the support and confidence shown to the college by the university and the support of our dean, Bill Locander.”
For more information on the Student Investment Fund Scholarship, contact Christner at 504-864-7959 or email@example.com. For more information on the College of Business, contact Catherine Koppel in the Office of Public Affairs at 504-861-5448 or firstname.lastname@example.org.