Coca-Cola Awards $100K to LMU for First-Generation Business Students
LMU’s College of Business Administration (CBA) has received a $100,000 scholarship grant from The Coca-Cola Foundation to support first-generation business students. The grant will provide 10-20 need-based scholarships in the amount of $5,000-$10,000 each during the 2017-2018 academic year. Coca-Cola First-Generation Scholarships will be awarded based on varying levels of financial need, academic achievement (minimum 3.0 GPA) and participation in LMU’s First To Go mentoring program. Only students whose parents and siblings have not attended college will be eligible.
“This generous grant gives us the opportunity to address the financial needs of qualified and deserving business students,” said Dennis Draper, Dean of the College of Business Administration. “We thank The Coca-Cola Foundation for recognizing LMU as an institution that prides itself on diversity and the encouragement of learning for all students, regardless of financial means.”
Along with the First To Go program, LMU will provide the Coca-Cola First-Generation Scholars with an array of support services as they pursue their education. As college tuition rates continue to rise across the nation, this grant will enable LMU business students to complete their undergraduate education without worrying about repaying massive debt.
Since 1993, The Coca-Cola Foundation has awarded nearly $50 million in Coca-Cola First-Generation Scholarships to more than 4,000 students on over 540 U.S. campuses.
"The Coca-Cola Foundation continues to be an advocate for education and its promise for increased opportunities for young people and their families," said Helen Smith Price, Vice President of Global Community Affairs, The Coca-Cola Company, and President of The Coca-Cola Foundation. "These scholarships complement LMU College of Business Administration's work to help first-generation college students succeed."
In addition to scholarships for first-generation college students, The Coca-Cola Foundation supports other educational initiatives including youth development, mentorships, fellowships, teacher training and learning enhancement.
Coca-Cola First-Generation Scholars will be selected by fall 2017 and recognized at a special scholarship ceremony.