The Sallie Mae Fund, the charitable arm of consumer baking company Sallie Mae, gives $125,000 to the Association of Hispanic Colleges and Universities (HACU) and the Point Foundation, a scholarship fund that provides financial assistance to lesbian, gay, bisexual, transgender, and queer students. The two scholarships will fund internships, mentorship programs, scholarships, and financial aid for students served by HACU and the Point Foundation.
“We have seen first-hand the value of a higher education and how a college degree can have a lasting and positive impact on generations,” said Jonathan Witter, CEO of Sallie Mae. “However, all too often, these opportunities are not afforded to those from disadvantaged and marginalized communities. Our goal – through free, confidence-inspiring grants, scholarships, tools and resources – is to continue to help level the playing field to ensure that more students, of all backgrounds, , are able not only to get into college, but also to complete it.”
According to Sally May, the grants are part of her $4.5 million commitment to increase access to and completion of higher education among minority students and underserved communities. In total, Sallie Mae has contributed $500,000 to HACU and the Point Foundation over the past two years.