USA Funds Awards $400,000 to national scholarship groups

USAFunds, the nation’s leading educationloan guarantor, has announced the award of $400,000 in contributions to five national scholarship organizations that promote access to higher education for minority students. For the sixth consecutive year, USA Funds has awarded funds to the American Indian College Fund, the Hispanic Scholarship Fund and the United Negro College Fund. USA Funds also announced awards to the Thurgood Marshall Scholarship Fund and the Asian & Pacific Islander American Scholarship Fund.

The contributions address the findings of a federal advisory committee, which reported that members of ethnic- minority groups will account for a large part of the future growth in the college-going population and that these students will have significant financial need.

Andrea Neely, UNCF area development director, said, “We are extremely grateful for USAFunds’ continued generosity in making sure that more African-American students will realize the dream of a college education.”

In announcing the awards, Henry L. Fernandez, USA Funds executive director, access and outreach, said, “In keeping with our mission to promote access to higher education, we are pleased to support the scholarship programs of these outstanding organizations.”

Headquartered in Indianapolis, USA Funds is a nonprofit corporation that works to enhance postsecondary- education preparedness, access and success by providing and supporting financial and other valued services.