• Skip to main content
  • Skip to primary sidebar
  • Skip to footer

HBCU Lifestyle – Black College Living

  • HBCUs
    • What is an HBCU?
    • History
    • List of HBCUs
    • Notable Graduates
  • Jobs
  • Parents
    • HBCU Rankings
    • Black College Tours
    • Admissions
    • Financing
    • Scholarships
    • College Planning
  • Current Students
    • College Life
      • Greek Life
      • Sports
      • Dorm Living
      • College Survival
    • Careers
      • HBCU Career Hub
      • Internships
      • Career Profiles
      • Entrepreneur
    • Research Paper Resources
      • Research Paper Topics: 50 Ideas to Get Started
      • How To Write An Annotated Bibliography
      • Journalism Research Paper Resources
  • Alumni
    • HBCU Shirts
    • Podcast
    • Alumni Spotlight
    • HBCU Merch
    • Jobs
  • Shop
  • Facebook
  • Twitter
  • Instagram

You are here: Home / HBCUs / Truist Scholarship Program Grants $3 Million for HBCU Students

College Funding, HBCUs

Truist Scholarship Program Grants $3 Million for HBCU Students

Truist scholarship program Students listening to a lecture

Truist and Thurgood Marshall College Fund (TMCF) have partnered to launch a new Truist scholarship program. It will meet the needs of students at historically Black Colleges and Universities (HBCUs) and those from marginalized and underserved communities.

A $3 million grant from Truist Financial Corporation through its Truist Charitable Fund, will establish a Truist scholarship program. This program will provide $1 million a year over the next three years to HBCU students in Truist markets and financial support to complete college. Over 300 students will receive scholarships through the Truist scholarship program.

Related Post – Apple Partners With TMCF TO Invest Over $40M In HBCU Talent

According to the National Center for Education Statistics, the six-year graduation rate for first-time, full-time undergraduate Black college students is 40%. Additionally, Black students have nearly $25,000 more student loan debt than their White counterparts, according to the White House Initiative on Educational Excellence for African Americans.

“Higher education transforms lives, and we’re committed to removing the financial barriers that so often prevent students from persisting to degree completion…A college degree positions students for greater career success and spurs the kind of economic mobility that can change the life trajectory for a student. That’s why we are thrilled to partner with Truist on this new Truist scholarship program.”

Dr. Harry L. Williams, president & CEO of the Thurgood Marshall College Fund

Students will benefit from two scholarships offered by the Truist scholarship program: 

  • The Truist Access Scholarship: Truist will award up to $10,000 annual scholarships to 45 students attending HBCUs within Truist markets.
  • The Truist Gap Scholarship: Truist will award $500-$6,350 one-time scholarships to 55 students attending any HBCU to fill a financial gap.
Related Post – Top 25 Best Public HBCUS For College Scholarships

Truist leaders will also engage directly with students to share information about corporate careers, individual trajectories, and the need to curate one’s education and career. The Truist Innovation Challenge, a pitch competition hosted through TMCF’s Innovation and Entrepreneurship (I&E) Division, was recently held on Nov. 4-6.

The top team won a cash prize and a trip to Afro Tech 2022. In addition to the new Truist scholarship program, Truist has previously awarded HBCU students scholarships through TMCF.

“Supporting students to achieve a higher education not only helps them succeed but also has a positive impact on their family and community…Our partnership with the Thurgood Marshall College Fund will help HBCU students gain the education and experiences that can unlock opportunities and put them in position to inspire and build better lives and communities.”

Thomas Ransom, Virginia regional president for Truist

About the Thurgood Marshall College Fund

Established in 1987, the Thurgood Marshall College Fund (TMCF) is the nation’s largest organization exclusively representing the Black College Community. TMCF member-schools include the publicly-supported HBCUs and Predominantly Black Institutions, enrolling nearly 80% of all students attending black colleges and universities.

Through scholarships, capacity building and research initiatives, innovative programs, and strategic partnerships, TMCF is a vital resource in the K-12 and higher education space. The organization is also the source of top employers seeking top talent for competitive internships and good jobs.

TMCF is a 501(c)(3) tax-exempt, charitable organization. For more information about TMCF, visit: www.tmcf.org.

About Truist Charitable Fund

The Truist Charitable Fund is a donor-advised fund created by Truist and administered by The Winston-Salem Foundation.

About Truist

Truist Financial Corporation is a purpose-driven financial services company committed to inspiring and building better lives and communities. Formed by the historic merger of equals of BB&T and SunTrust, Truist has a leading market share in many high-growth markets in the country.

The company offers a wide range of services including retail, small business, and commercial banking; asset management; capital markets; commercial real estate; corporate and institutional banking; insurance; mortgage; payments; specialized lending; and wealth management.

Headquartered in Charlotte, North Carolina, Truist is a top 10 U.S. commercial bank with total assets of $530 billion as of September 30, 2021. Truist Bank, Member FDIC. Learn more at Truist.com.

Source: The Thurgood Marshall College Fund, Globe Newswire

December 21, 2021 by HBCU Staff Reports

Primary Sidebar

Search

  • Facebook
  • Instagram
  • LinkedIn
  • Twitter

Quick Links

  • Newsletter
  • Jobs and Internships
  • Shop
  • List of HBCUs by State
  • HBCU Rankings 2022
  • HBCU College Tours
  • Contact Us
  • About Us

HBCU History

  • The First HBCU in South
  • Oldest HBCUs In the Nation
  • The First Black Owned and Operated HBCU
  • The First and Only Black Catholic HBCU
  • 10 Powerful Black History Movies HBCU Students Should Watch

Popular Posts

  • Happy female college student working on research paper topics. Research Paper Topics: 50 Ideas to Get Started
  • Top 25 HBCU Rankings 2022 HBCU Rankings 2022: The Top 25 Black Colleges from U.S. News
  • Graduates celebrate at the 2018 Spring Undergraduate Commencement of Jackson State University, one of the largest HBCUs in the nation at Mississippi Veterans Memorial Stadium. Largest HBCU in the Nation: Top 10 Black Colleges by Enrollment
  • Bowie State's nursing program students check a patient in class simulation. Top 10 HBCU Nursing Schools Rankings for 2022 by RN to BSN
  • HBCU Sororities and Fraternities to Consider The Divine 9: Sororities and Fraternities on HBCU Campuses

Before Footer

Join Our HBCU Community

  • Facebook
  • Instagram
  • LinkedIn
  • Twitter

Subscribe to our newsletter

Sign up to receive weekly HBCU news, jobs, and advice in your inbox.

Sign Me Up

Footer

About HBCU Lifestyle

The spirit and camaraderie of black college living is a lifestyle - the HBCU lifestyle! We're committed to keeping you connected to the black college living experience, bringing you the latest on everything, from scholarships and dorm living to Greek life and alumni giving.


Contact Us

Latest from the Blog

  • Morehouse Leads as #1 Producer of Black Male Doctorate Graduates
  • FSU Wins Grant to Study Impact of Artificial Intelligence
  • TMCF Announces Three TSU Students As Apple E&I Scholars
  • White House Initiative on HBCUs Names 2022 HBCU Scholars
  • Newsletter
  • Jobs & Internships
  • Shop
  • List of HBCUs
  • HBCU Rankings
  • HBCU Scholarships
Copyright © 2010-2022 HBCU Lifestyle, LLC. All rights reserved.
Contact Us | Sitemap | Terms of Use | Privacy Policy
Get the best of the Black college experience delivered to your inbox.
Your email address:*
Name:*
Subscribe to (select all that apply):*





Please wait...
Please enter all required fields Click to hide
Correct invalid entries Click to hide
No spam, ever. Promise. Powered by FeedBlitz