Ivy Tech Community College is one of nine state community college systems that will receive financial support from PepsiCo Inc. (Nasdaq: PEP) and The PepsiCo Foundation as part of a $40 million education equity program. The company says the funding aims to address a gap in higher education among Black and Hispanic students.
The nationwide effort will provide financial assistance, professional mentoring, and educational resources.
“Students need more than scholarships – they need support to stay in school, finish their degrees, and access the job market,” said C.D. Glin, global head of philanthropy of PepsiCo. “We launched this program to help students address some of the most critical barriers to their education and economic success, and we’re proud to announce today that we’re bringing more students in and helping them on their academic journey.”
The program will offer 1,400 additional scholarship opportunities through 2022 to eligible students attending the following schools:
- Ivy Tech Community College (Indianapolis)
- Los Angeles Community College District (Los Angeles, CA)
- Miami Dade College (Miami, FL)
- Wayne County Community College District (Detroit, MI)
- Atlanta Metropolitan State College (Atlanta, GA)
- Maricopa County Community College District (Phoenix, AZ)
- Valencia College (Orlando, FL)
- Alamo Colleges District (San Antonio, TX)
- Prince George’s Community College (Largo, MD)
The program includes two types of scholarships. One is for students seeking two-year associate degrees or trade certificates. The other is for community college graduates transitioning to four-year colleges.