Home Invites Members Groups Events Careers Videos News Photos Blogs Polls Forums Chat
Home > News > Post Content

New UNCF Scholarship Offers Oakwood University Students Debt Relief (689 hits)


UNCF, in partnership with African Pride® and JFM® Curl Peace™, announced a program that will transform the lives of African American/Black students dealing with crippling student loan debt. This focuses on students who have invested in higher education and should confidently have a pathway to upward economic mobility.

The UNCF Wear Your Crown With Confidence™ Loan Forgiveness and Scholarship program will provide $1,000,000 in financial aid debt relief over three years to current students or graduates of historically black colleges and universities (HBCUs,) and any four-year accredited university. Eligible students are between the ages of 18-35 who are currently enrolled or graduates, and have taken out college loans to fund their undergraduate education.

NBC News/GenForward at the University of Chicago Survey cites one out of every two African American Millennials has up to $29,000 in student loan debt. That is three times the debt of other racial subgroups. Offering financial education can be transformational, but to win the award and receive significant debt relief in this program will be life-changing. Standout applicants will have a strong record of service to their communities. “Our commitment is $1,000,000 over three years. We are the first to offer such a program, and there is no other organization better than UNCF for us to partner with for this legacy-building program.”

The UNCF Wear Your Crown with Confidence Loan Forgiveness and Scholarship program will be administered and managed by UNCF for three years, through 2022.

Applicants for the one-time need-based program must meet the following criteria:

• Applicants must currently have or have possessed a minimum cumulative grade point average of 2.5 on a 4.0 scale at the time of their graduation or during their period of attendance at a 4-year accredited HBCU or 4-year accredited university. Applicants can have had up to 5 years to have completed their degree.

• Applicants must have an outstanding, cumulative student loan debt in excess of 40% of their current annual income from all sources, or an existing monthly student loan repayment obligation in excess of 25% of their current monthly income from all sources.

“For 75 years, our motto ‘A mind is a terrible thing to waste, but a wonderful thing to invest in,’ ® has remained at the forefront of everything we do,” said Dr. Michael L. Lomax, president and CEO of UNCF. “We must continue to invest our time and money in better futures for young people around the country. Partners like African Pride and JFM Curl Peace and their house of brands are vitally important to this work and we are pleased to join with them on this initiative.”

Applications for the UNCF Wear Your Crown With Confidence Loan Forgiveness and Scholarship Program will be accepted until July 26, 2019 for the first wave. The second wave of applications will open in January 2020. To apply or to be put on the priority list to be notified when the next program wave opens, go to https://scholarships.uncf.org/Program/Details/73367f33-15b7-4d0e-aa5f-850f384309aa
Posted By: Reggie Culpepper
Wednesday, July 3rd 2019 at 8:39PM
You can also click here to view all posts by this author...

Report obscenity | post comment
Share |
Please Login To Post Comments...
Email:
Password:

 
More From This Author
Ron Griswell Has a Message for HBCU and Black College Students: The Outdoors Are For You Too
Alcorn State University partners with the U.S. Small Business Administration to host Women’s Business Center
CBRE Rolls Out Their Pathways to Commercial Real Estate HBCU Speaker Series. Register Now!
Oakwood University Receives over $1.4 million dollars of Alabama CARES Act Funds for Higher Education
National Hockey League to support criminal justice research at Texas Southern University
Oakwood University's Communication Department and Peters Media Center Receive Donation
Oakwood University Serves by Fighting for Social Justice
Texas Southern University Thurgood Marshall School of Law Declared In Full Compliance
Forward This Article Entry!
News Home

(Advertise Here)
Who's Online
>> more | invite 
Latest Photos
>> more | add
Most Popular Bloggers
tanisha laverne grant has logged 52841 blog subscribers!
>> more | add 
Latest Member Activity
sabrina matthews just became a new member. 02:22PM
windy cunningham just posted a article entitled 'florida a&m student investigates link between the strong black woman, aces & heart disease risk'. 09:04AM
windy cunningham just posted a photos entitled 'windy cunningham'. 08:07AM
windy cunningham just edited her profile. 08:02AM
windy cunningham just became a new member. 07:55AM
andrea hibbert just joined a new club (art hbcu). 01:42AM
tysheka burks just became a new member. 11:40AM
andrea hibbert just became a new member. 04:32PM
kim gilmore just edited his profile. 07:30PM
kim gilmore just became a new member. 07:29PM
deandra blair just became a new member. 07:13PM
peter keppard just became a new member. 05:27PM
>> more | invite friends