PepsiCo Foundation Commits $40 Million to Support Higher Education for Blacks and Hispanics

Education

by BA 16 Views

The PepsiCo Foundation has announced a new $40 million scholarship and professional mentoring program to support Black and Hispanic aspiring and graduating community college students. Launching in Dallas, Westchester County, New York, Houston, and Chicago, PepsiCo plans to expand the program to 16 additional cities in the fall and aims to support 4,000 students over five years. This $40 million initiative is designed to help Black and Hispanic students pursue and succeed in higher education and gain the training and skills they need for current and future job markets. The comprehensive program provides students with financial support as well as mentoring and leadership training from PepsiCo employees. Students will also have the opportunity to apply for internships and jobs at PepsiCo. The program is comprised of two types of scholarships – Uplift Scholarships for students seeking two-year associate degrees or trade certificates and S.M.I.L.E (Success Matters in Life & Education) scholarships for community college graduates transitioning to four-year colleges. Because students of color are more likely to face challenges like access to affordable housing, childcare support, transportation, and food, scholarship recipients will receive funding for education expenses like tuition and books as well as financial support for eligible living expenses....

Comments