The $1 million Thurgood Marshall College Fund – Wells Fargo HBCU college completion scholarship program will aid students nearing to the end of their academic careers. Scholarships of up to $5,000 would be granted to HBCU seniors who plan to earn a degree before the end of 2022 depending on the current requirements.

The Thurgood Marshall College Fund (TMCF), founded in 1987, is the country’s largest agency, established to represent the black college community. Representatives of the TMCF encompass and openly backed historically black colleges and universities (HBCUs), as well as predominantly black institutions (PBIs).

The supported HBCUs enlist more than 80% of all HBCU students. TMCF is a critical asset in K-12 and higher schooling via scholarship money, capacity building as well as support programs, quality improvement initiatives, and strong alliance.

According to 2019 data from the department of education, completion rates among HBCU students are presently among some of the (smallest) students. The 6-year convocation percentage for HBCU students is 35% in comparison to 60% for all four-year college students across the United States.

Contributing to the imbalance, a 2021 Brookings institute study discovered that black and African-American degree holders have $25,000 more liabilities at completion than many other university graduates.

The TMCF, created to commemorate the United States supreme court’s first African-American justice collaborates with institutions like Wells Fargo and Mentor Collective to offer the opportunity for a quality high education whilst, also trying to connect high-performing, world-ready students with jobs.

Mentor Collective facilitates a mentorship portion that is essential to the college completion scholarship program. It matches each scholarship winner with a specialist coach at Wells Fargo based on academic studies on mentorship.

Eligibility Requirements for TMCF and Wells Fargo Scholarship

Students should fill out the online application forms, and ensure they satisfy the following specifications to be eligible for the college completion scholarship:

  • Present senior at a historically black college or university with initiatives to graduate in 2023
  • Senior citizen or legal permanent resident with a card or a passport imprinted I-551
  • A minimum 3.0 GPA on a 4.0 scale
  • Concrete evidence of the requirements in unpaid balances that will also stop continuing or getting a degree.

How to Apply for TMCF and Wells Fargo Scholarship

To apply, you must be a senior enlisted full-time, have a GPA of 3.0 or higher, and be capable of demonstrating the requirements. Grant beneficiaries will be matched with a mentor via the Mentor Collective program, which is designed to make life-changing relationships a part of each student’s educational journey.

To achieve this goal, the initiative collaborates with some organizations that are dedicated to equity and participation. In addition, candidates will be able to sign up for an emailed bulletin for tips and perspectives on how to make the best of college, control their finances and begin their careers.

Conclusion

The Thurgood Marshall College Fund and Wells Fargo have established monetary aid for exceptional students who attend one of the TMCF’s member schools, which encompass 47 historically black colleges and universities (HBCUs) as well as predominantly black institutions (PBIs).