CIC Awards $1.5 Million for Student Scholarships

In July, CIC distributed grants of more than $1.5 million in CIC/UPS Scholarships to assist first-generation, low-income, minority, or new American students who attend private colleges and universities across the nation. CIC provided the grants to its 29 State Councils, which will distribute the funding to 552 private colleges and universities. Each institution will then award one $2,750 CIC/UPS Scholarship to a deserving student.

The CIC/UPS Scholarships are funded by an annual drawdown from the CIC/UPS Educational Endowment, which is held and administered by CIC. The Endowment was established in the 1970s through a gift from the UPS Foundation to support state-based programs that benefit underserved populations. Since its inception in 1985, the CIC/UPS Scholarships Program has generated more than $56 million in support for 20,246 students at independent colleges and universities.

“In comparison with public universities, independent colleges and universities in this country are remarkably effective at educating and graduating low-income and first-generation students in higher percentages, in less time, and with less student debt,” said CIC President Richard Ekman. “Helping these students afford a private college education addresses a critical need in our society. It is a privilege for CIC to be a partner with the UPS Foundation and the 29 CIC State Councils as we help support deserving students.”