Temple University president Dr. Richard M. Englert and provost JoAnne A. Epps have announced the launch of a new scholarship program focused on enhancing graduation rates and supporting first-generation students.
The program is called the Broad Street Finish Line Scholarship and will provide $1.5 million from existing endowment funds to help new and current students remain on track for graduation, according to Temple officials.
The scholarships will be annually awarded to first-generation students in increments of $500 to $5,000 starting in the fall 2019 semester, depending on the student’s financial need. Almost $200,000 will be given to incoming first-generation students each year, whereas the majority of the funds will be given to current Temple students who experience a financial change during their time at the university.
Students from Philadelphia will be given preference, though all students (including international students) are eligible for the program. Recipients of the Broad Street Finish Line Scholarship are encourage to consider supporting the scholarship upon graduation and the start of their professional careers to help keep the program running for future Temple students.
“The Broad Street Finish Line Scholarship represents Temple’s historic mission of providing students access and affordability,” said Shawn Abbott, vice provost for admissions, financial aid, and enrollment management at Temple University.
“As Philadelphia’s only public four-year university, we want to keep Temple as affordable as possible, especially for students in Philadelphia,” said Abbott. “By minimizing student debt through on-time graduation, the university will encourage recipients of this scholarship—and other members of Temple’s community and its vast alumni network—to support their fellow Owls through contributions to the program.”