New Presidents Promise Scholarship Helps Students with Financial Need

FOR IMMEDIATE RELEASE
Date: 05-04-2016

Joe Wills
Public Affairs
530-898-4143

California State University, Chico President Paul J. Zingg announced Wednesday, May 4, a new scholarship that will help some of CSU, Chico’s students with the greatest financial need.

Beginning this fall, the Presidents Promise Scholarship will be awarded annually to eight undergraduates for up to four years as long as they are enrolled full time and maintain a 2.5 grade point average. The number of recipients will increase as the scholarship endowment grows.

In awarding the scholarship, priority will be given to students with the highest need first. Eligibility requirements include students who are not eligible for a federal award, such as a Pell Grant or Work Study; students who are current or former foster youth; and students who are graduates of a California high school. Students from CSU, Chico’s 12-county service area, first-generation and underrepresented college students and students living on campus will receive preference.

“This scholarship will help our students who have the most urgent financial need,” said Zingg. “Chico State wants to expand the opportunities for these deserving and hard-working students so they can achieve their dreams.”

Zingg said the scholarship endowment will be supported primarily with royalties from the University’s licensing of trademarks and trade names, along with other campus funds and private support.

The first-year award for the Presidents Promise Scholarship will match the 2015 federal Pell Grant of $5,775. Subsequent year award amounts will be reduced by 25 percent. Current as well as incoming CSU, Chico students are eligible to receive the scholarship.

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