John Deere Helps Increase Access to Higher Ed

Rhea-AI Summary

John Deere Foundation is partnering with the University of Iowa (UI) and Davenport Community School District (DCSD) to create the John Deere Scholars Program. This $6.6 million initiative aims to enhance access to higher education for Iowa high school students. Starting this fall, college readiness courses will be offered to seniors from low- to middle-income families at several Davenport high schools. In spring 2025, the program will award 20 scholarships annually (60 in total over three years), covering 90% of Iowa's college costs. Scholarship recipients will also receive leadership training, mentorship, field experience, and networking opportunities.

Positive

• John Deere Foundation's $6.6 million commitment enhances the company's social responsibility profile.
• Program targets low- to middle-income families, potentially increasing diversity and inclusivity.
• Partnership provides 20 scholarships annually, covering 90% of college costs, which is a significant financial relief for students.
• Scholarship recipients gain leadership training, mentorship, and networking opportunities, potentially increasing their future employability.
• John Deere's initiative could create a stronger talent pipeline, benefiting the company's workforce needs.

Negative

• The initiative's $6.6 million expense might impact John Deere's short-term financials.
• scope, as only 60 students will benefit from the scholarships over three years.
• Dependence on additional funding sources for the remaining 10% of college costs may pose financial challenges for some students.

$6.6M Commitment Creates John Deere Scholarship Program

MOLINE, Ill., June 3, 2024 /PRNewswire/ -- A groundbreaking partnership between the John Deere Foundation, the University of Iowa (UI), and the Davenport Community School District (DCSD) will soon increase access to higher education for Iowa high school students.

The John Deere Foundation will give $6.6 million over six years to create the John Deere Scholars Program, a program based on financial need that will help Davenport Community High School students get ready for college at Iowa.

"We believe education is the foundation for success," said Mara Downing, president of the John Deere Foundation. "By investing in our community, John Deere is also investing in opportunities for the leaders of tomorrow. We are excited to begin the John Deere Scholars Program and watch these future leaders achieve their dreams."

The program will start this fall with college readiness courses for seniors from low- to middle-income families at Davenport Central, North, West, and Mid City high schools. UI will appoint a local program director to work with school counselors to teach the courses, provide training to improve leadership skills, and assist students with the financial aid and admissions process.

Then, starting in spring 2025, the program will give 20 scholarships per year for three years (60 in total), paying 90% of the total cost to attend Iowa. The remaining 10% will be paid by other funding sources, such as work-study. The first cohort of students will enroll at Iowa in the fall of 2025. Any student participating in college readiness courses through the program will be able to apply for a scholarship.

"John Deere is leading by example, showcasing how a large company can partner with a university and a public school district to address workforce needs," said Barbara J. Wilson, president of the University of Iowa. "This is a game-changer not only for the students who will receive the education and leadership experiences they need to succeed in a global society, but also for how we develop pipeline programs in the future."

"This partnership will provide a tremendous opportunity for our students," said TJ Schneckloth, superintendent of the Davenport Community School District. "Our district is committed to preparing our students for their post-secondary education. The John Deere Scholars Program offers a generation changing opportunity for our students to receive the college education they might never have thought was possible."

In addition to receiving academic, financial, and social support, scholarship recipients also will take part in specialized leadership training. This includes mentorship programs, field experience, and networking in the student's field of study.

About Deere & Company

Deere & Company (www.JohnDeere.com) is a global leader in the delivery of agricultural, turf, construction, and forestry equipment. We help our customers push the boundaries of what's possible in ways that are more productive and sustainable to help life leap forward. Our technology-enabled products including John Deere Autonomous 8R Tractor, See & Spray™, and E-Power Backhoe are just some of the ways we help meet the world's increasing need for food, shelter, and infrastructure. Deere & Company also provides financial services through John Deere Financial.

For more information on Deere & Company, visit us at www.deere.com/en/news/.

View original content to download multimedia:https://www.prnewswire.com/news-releases/john-deere-helps-increase-access-to-higher-ed-302162139.html

SOURCE John Deere Company

FAQ

What is the John Deere Scholars Program?

The John Deere Scholars Program is a $6.6 million initiative by the John Deere Foundation to provide college readiness courses and scholarships to low- and middle-income high school students in Davenport, Iowa.

When will the John Deere Scholars Program start?

The program starts in fall 2024 with college readiness courses and will award its first scholarships in spring 2025.

How many scholarships will the John Deere Scholars Program provide?

The program will provide 20 scholarships per year for three years, totaling 60 scholarships.

What costs will the John Deere Scholars Program scholarships cover?

The scholarships will cover 90% of the total cost to attend the University of Iowa, with the remaining 10% covered by other funding sources.

Who is eligible for the John Deere Scholars Program?

Seniors from low- to middle-income families at Davenport Central, North, West, and Mid City high schools are eligible for the program.