News

Fidelity Investments Will Commit $250 Million to Education

The new Invest in My Education program has been created to help provide access to education as well as ongoing support to the underserved Black and Latino community.

Per Fidelity’s website: “Invest in My Education (ME) is designed to uphold and prioritize Fidelity Investments' most fundamental value — to empower individuals to strengthen their financial futures and improve their lives. The aim of this social impact initiative is to enrich the lives of students and result in better postsecondary outcomes, increased graduation rates, greater financial literacy and access to stronger professional networks.”

The program will go beyond just the basic funding of postsecondary education by assisting with or paying of the student’s tuition and/or related college costs. The scholars will also receive mentorship from Fidelity associates as well as internship and apprenticeship guidance.

Below are some other scholarships from our database that are intended to assist minority and first-in-family students as well as other historically underserved students. Be sure to take a look at all of them and share them with anyone you know who might benefit from them.

Dorrance Scholarship
Amount: $48,000
Deadline: February 1st

The Dorrance Scholarship for first-generation students is a need-based award providing financial and academic support for Arizona high school graduates pursuing an undergraduate degree at one of Arizona’s public universities. The award is renewable for a total of eight semesters (four years) of funding. Applicants must be high school seniors who are Arizona residents, first-generation college students, admitted to once of Arizona's three residential public universities, demonstrate financial need, agree to participate in all scholarship program events (including international travel), have a minimum GPA of 3.0, a minimum SAT of 1110 or ACT of 22, and agree to reside on campus freshman and sophomore year.

ELC Scholarship Program
Amount: $60,000
Deadline: February 15th

The Executive Leadership Council (ELC) is the preeminent membership organization committed to increasing the number of global Black executives in C-Suites, on corporate boards and in global enterprises. The ELC opens channels of opportunity for the development of Black executives to positively impact business and our communities. The mission of The ELC’s Scholarship Programs is to build a pipeline of Black corporate talent by supporting the academic achievement and development of Black undergraduate and graduate students.

Smith Diversity Scholarship
Amount: $25,000
Deadline: February 28th

Lutheran Family Services established the Coyner and Donna Smith Diversity Scholarship Fund to provide a college education for graduating high school seniors from low-income, minority families who are residents of Nebraska. Annual scholarships of $25,000 are awarded to support each recipients’ college education, regardless of where they want to attend. Annual scholarships of $12,500 are also available for recipients wishing to attend trade school.

McDonald's TMCF All Around Scholarship
Amount: $10,000
Deadline: August 31st

The Thurgood Marshall College Fund (TMCF) is proud to offer financial assistance to outstanding students attending one of TMCF’s member-schools that include 47 publicly-supported Historically Black Colleges and Universities (HBCUs) and Predominantly Black Institutions (PBIs). The award is $10,000 for two (2) students. To qualify, applicants must be enrolled full-time as a freshman, sophomore, junior or senior at a TMCF member-school during the current academic school year. All applicants must create and provide the link to a two-minute video responding to this prompt: "How will your education benefit you, your family, and the community?"

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