BALTIMORE — The University of Baltimore on Monday announced a $5 million scholarship grant for veterans and students transferring from community colleges.
The scholarships come from the Bob & Renee Parsons Foundation and will be handed out over five years, to help students close the financial gap between their federal Pell Grants and the cost of tuition and fees for their final two years of undergraduate education.
Parsons is a Baltimore born Vietnam veteran who graduated from UB. His donation is the single largest in the university's history.
“A college degree is a game changer. It opens the door to more career opportunities, higher paying jobs and a happier life,” said Parsons. “I’m establishing this scholarship fund to help low-income students acquire a first-class college education and build a brighter future for themselves, their families and the city of Baltimore.”
Eligible students may qualify for a Bob Parsons Scholarship if they meet the following criteria:
- Eligible for the Pell Grant (as determined by the FAFSA)
- Enrolled full-time at the University of Baltimore (12+ credit hours)
- Earning his/her first bachelor’s degree
- Meet the requirements to qualify for Maryland in-state tuition rates
- Transferring to UB having earned an associate’s degree, or transferring to UB with active-duty military, veterans, Maryland National Guard or reservists status, with any combination of 60+ college credits from a recognized, accredited institution
The scholarships will be available beginning in fall 2020.