Mount Student Receives New Opportunity Scholarship
March 6, 2006 -- Mount Saint Mary’s University (MSMU) student Monica Arellano ’08 has been awarded the First Opportunity Partner Scholarship from the Foundation for Independent Higher Education of Washington, D.C. Monica is one of 19 students from four states to receive a $5,000 scholarship intended for first-generation college students.
The scholarships, issued for the first time during the 2005-06 academic year, are funded by HSBC – North America, one of the top ten financial services companies in the United States. The program is administered by the Foundation for Independent Higher Education. To be eligible, students must be sophomores, first-generation college students, a member of a minority group or a new American, have high financial need, and have either high unmet financial need or a high loan/work requirement.
Throughout their time in college, students may receive a maximum of $15,000 in the program.
“We congratulate Monica. We are so proud and happy for her,” said MSMU President Dr. Jacqueline Powers Doud. “Scholarships like this encourage our students to achieve their academic potential.”