CME Group and Mayor Lightfoot Award Scholarships for Star Scholars to Continue Education at Four-Year Colleges and Universities

Rhea-AI Summary

CME Group, a leading derivatives marketplace, in collaboration with Chicago Mayor Lori Lightfoot, awarded 25 scholarships of $5,000 each to Star Scholars graduating from City Colleges of Chicago. This initiative helps students transition to four-year institutions, enhancing educational equity. Mayor Lightfoot emphasized the importance of these scholarships in creating a diverse talent pipeline post-pandemic. Since 2017, CME has supported over 10,500 graduates, contributing more than $2 million in scholarships, significantly benefiting the local community and fostering academic success.

Positive

• Awarding $5,000 scholarships to 25 Star Scholars enhances educational opportunities.
• Over 10,500 students supported by CME Group's scholarship initiatives since 2017.
• Financial commitment exceeding $2 million aids students in pursuing higher education.

Negative

• None.

CHICAGO, June 23, 2021 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, and Chicago Mayor Lori Lightfoot have awarded 25 Star Scholars with scholarships towards earning a degree at a four-year college or university. The award recipients recently graduated from City Colleges of Chicago with an associate degree and will receive a $5,000 scholarship from CME Group to continue their education, helping create more equitable opportunities for hardworking students in Chicago.

"Given the enormous challenges our community college students have faced over the past year, we are beyond excited to see them persevere and continue achieving academic excellence at four-year institutions," said Chicago Mayor Lori E. Lightfoot. "CME Group also values the determination of our students and this investment will not only support them in their academic and career journeys, but also provide our city with a diverse pipeline of talent that will help us emerge from this pandemic stronger than ever."

"We applaud these scholars for their relentless commitment earning their associate degrees despite what was an extremely challenging time," said CME Group Chairman and Chief Executive Officer Terry Duffy. "We are proud of their achievements to date and pleased to contribute to their continued education which will allow them to reach their career goals."

For the fifth consecutive year, CME Group has selected 25 Star Scholar students from City Colleges of Chicago who graduated in May and Summer 2021 with a cumulative GPA of 3.0 or above.  The scholarships will support them in furthering their college career with a bachelor's degree in accounting, business management, math, computer science (IT), finance or economics at one of the Chicago Star Partner colleges and universities in the fall.

"I want to thank CME Group for investing in our community and removing barriers for participation for these talented and hard-working students," said Chancellor Juan Salgado. "Our city's collective future success is dependent on building a more inclusive Chicago economy and these scholarships help ensure that more students have the educational opportunities they deserve."

The Chicago Star Scholarship program at City Colleges of Chicago has helped more than 10,500 CPS graduates pursue their associate degree debt-free with 85% being Black and Latinx. Star Scholars are diverse, representing the diversity of Chicago and more than 175 CPS high schools. Forty-eight percent of first-time, full-time Star Scholars who started in Fall 2017 graduated from City Colleges within three years, exceeding the national average for community colleges.

CME Group joined the Star Scholars movement in 2017 after a long partnership with the City of Chicago on initiatives designed to help make college more affordable and attainable for CPS graduates. Dating back to 1986 when CME Group and the City of Chicago launched the CME Group Mayoral Award for Student Achievement, CME Group has annually supported high-achieving CPS students in pursuit of college degrees, resulting in thousands of scholarships and estimated financial support exceeding $2 million.

For more information on the Star Scholarship at City Colleges of Chicago, visit www.ccc.edu/starscholarship.

As the world's leading and most diverse derivatives marketplace, CME Group (www.cmegroup.com) enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals.  The company offers futures and options on futures trading through the CME Globex® platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform.  In addition, it operates one of the world's leading central counterparty clearing providers, CME Clearing.  With a range of pre- and post-trade products and services underpinning the entire lifecycle of a trade, CME Group also offers optimization and reconciliation services through TriOptima, and trade processing services through Traiana.

CME Group, the Globe logo, CME, Chicago Mercantile Exchange, Globex, and, E-mini are trademarks of Chicago Mercantile Exchange Inc.  CBOT and Chicago Board of Trade are trademarks of Board of Trade of the City of Chicago, Inc.  NYMEX, New York Mercantile Exchange and ClearPort are trademarks of New York Mercantile Exchange, Inc.  COMEX is a trademark of Commodity Exchange, Inc. BrokerTec, EBS, TriOptima, and Traiana are trademarks of BrokerTec Europe LTD, EBS Group LTD, TriOptima AB, and Traiana, Inc., respectively. Dow Jones, Dow Jones Industrial Average, S&P 500 and S&P are service and/or trademarks of Dow Jones Trademark Holdings LLC, Standard & Poor's Financial Services LLC and S&P/Dow Jones Indices LLC, as the case may be, and have been licensed for use by Chicago Mercantile Exchange Inc.  All other trademarks are the property of their respective owners. 

CME-G

View original content:http://www.prnewswire.com/news-releases/cme-group-and-mayor-lightfoot-award-scholarships-for-star-scholars-to-continue-education-at-four-year-colleges-and-universities-301318429.html

SOURCE CME Group

FAQ

What is the CME Group Star Scholarship program?

The CME Group Star Scholarship program provides financial support to high-achieving students from City Colleges of Chicago, helping them pursue four-year college degrees.

How many students received CME scholarships in 2021?

In 2021, CME Group awarded scholarships to 25 students who recently graduated from City Colleges of Chicago.

What is the value of each CME Group scholarship?

Each CME Group Star Scholarship is valued at $5,000.

Who partnered with CME Group for the scholarship initiative?

CME Group partnered with Chicago Mayor Lori Lightfoot for the scholarship initiative.

Since when has CME Group been supporting scholarships for students?

CME Group has been supporting scholarship initiatives since 2017.