To mark the start of Hispanic Scholarship Fund’s (HSF) Student Leadership Conference, Wells Fargo and HSF announced today an expanded scholarship program for college-bound Hispanic students. This expanded program is a major component of a $3.4 million overall commitment by Wells Fargo – the single largest donation HSF has ever received. The expanded program will fund an additional 53 scholarships in 2013, bringing the total to 225 scholarships funded by Wells Fargo.
“The Hispanic Scholarship Fund is grateful to have the support of Wells Fargo, a company that recognizes the value of higher education and is willing to provide resources and expertise to prepare the next generation of Hispanic leaders,” said Frank Alvarez, HSF President and CEO. “This collaboration allows us to prepare students to make lasting impacts at their schools and in the communities where they live.”
During the two-day leadership event, Wells Fargo and HSF will offer educational speakers and training sessions to students from 38 HSF National Scholar chapters across the country. Activities will focus on social marketing, communications and debt management to help students serve as effective ambassadors for education in their chapters and local communities.
“Wells Fargo is committed to working with valued non-profit partners like HSF that are leading the way in helping to prepare individuals who seek to achieve their higher education goals,” said Tim Hanlon, head of Philanthropy for Wells Fargo. “We invest in education and in our neighborhoods because we understand that when our communities have access to vital resources and quality education, we are helping individuals to flourish and thrive.”
Hispanic Scholarship Fund’s leadership and scholarship programs play an important role in contributing to the overall effort of providing resources for students that allow them to attend and graduate from college. Recent data suggests advancements have been made with degree attainment among Hispanic students, yet there is still room for improvement with college enrollment. According to the August 2012 Pew Hispanic Center report, for the first time, the number of 18- to 24-year-old Hispanics enrolled in college in the U.S. exceeded 2 million and reached a record 16.5 percent share of all college enrollments. However, research released by Excelencia in Education in April 2012 revealed that Latino adults have lower degree attainment levels than other ethnic groups.
The goal of programs like HSF’s Leadership Conference and other joint efforts with Wells Fargo is to encourage and empower students to attend college and graduate with a degree. To contribute to the ongoing effort, Wells Fargo and HSF recently announced a scholarship program at the United States Hispanic Chamber of Commerce (USHCC) 33rd Annual Convention on September 18 to provide 40 scholarships for students who are dependents of USHCC members. For more information about scholarship opportunities, visit: www.HSF.net.