KeyBank Invests $480,000 in Central State University to Establish the KeyBank Scholars Program, Provide Tuition Support for Students
Rhea-AI Summary
KeyBank and the KeyBank Foundation have announced a $480,000 investment in Central State University (CSU), Ohio's only public Historically Black College and University (HBCU). The funds will establish the KeyBank Scholars (KBS) Program, providing tuition support for 40 students over five years. The program includes a five-week summer bridge program and $2,000 annual scholarships for four years. Students must maintain a 3.0 GPA to receive the awards.
The KBS Program aims to enhance student experience and promote long-term success. Previous CSU summer bridge programs have shown promising results, with 83% of participants on track to graduate on time and an average GPA of 3.15. This investment aligns with KeyBank's commitment to supporting local students and communities, as well as CSU's mission to foster academic excellence and prepare diverse students for leadership roles.
Positive
- KeyBank's $480,000 investment supports education at a Historically Black College and University
- The program provides tuition support for 40 students over five years
- Students receive $2,000 annual scholarships for four years
- Previous summer bridge programs at CSU show 83% of participants on track to graduate on time
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, KEY gained 0.25%, reflecting a mild positive market reaction.
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The program will be a robust scholarship and student development intervention to enhance the student experience and promote long term student success outcomes
NORTHAMPTON, MA / ACCESSWIRE / September 11, 2024 / KeyBank and the KeyBank Foundation proudly announced an investment of
The KBS Program will become a part of CSU's Student and Institutional Success Model (SISM) geared to improve student academic outcomes. The program will be a robust scholarship and student development intervention to enhance the student experience and promote long term student success outcomes.
"All of us at KeyBank are so proud to partner with Central State University to establish the KeyBank Scholars Program," said Jeff Bardonaro, Dayton KeyBank Market President. "We are committed to helping local students and families thrive by providing tuition support to help them reach their goals. This investment will help ensure a bright future for many CSU students and build even stronger communities in our region for years to come."
"Central State University is deeply honored to partner with KeyBank in establishing the KeyBank Scholars Program," said President Dr. Morakinyo A.O. Kuti ,Central State University. "This significant investment underscores the importance of providing our students with not only financial support but also the developmental resources they need to thrive. The program aligns perfectly with our commitment to fostering academic excellence and long-term success for our students. Through this partnership, we are building a brighter future for our scholars, empowering them to become leaders who will make a lasting impact in their communities and beyond."
Over the grant period, 40 students will take part in a summer bridge program for five weeks prior to their first year of college with the objective to adjust participants to academic and social undergraduate experience. Participants will receive
Previous CSU summer bridge program results show that
ABOUT KEYCORP
KeyCorp's roots trace back nearly 200 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation's largest bank-based financial services companies, with assets of approximately
Key provides deposit, lending, cash management, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of approximately 1,000 branches and approximately 1,200 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. For more information, visit https://www.key.com/. KeyBank Member FDIC.
ABOUT CENTRAL STATE UNIVERSITY
Central State University is a public HBCU and 1890 Land-Grant Institution with an over 135-year tradition of preparing students from diverse backgrounds and experiences for leadership, research, and service. The University fosters academic excellence within a nurturing environment and provides a solid liberal arts foundation and STEM-Ag curriculum leading to professional careers and advanced studies globally.
EEO Statement: Central State University, an 1890 Land-Grant Institution, offers its programs and activities to people of diverse backgrounds and does not discriminate on the basis of age, ancestry, race, color, disability, gender identity or expression, genetic information, HIV/AIDS status, marital or family status, military status, national origin, political beliefs, religion, sex, sexual orientation, or veteran status. The University is an Equal Opportunity/Affirmative Action Institution. For inquiries regarding non-discrimination policies or accessibility, please contact the Department of Human Resources at 937-376-6540.
View additional multimedia and more ESG storytelling from KeyBank on 3blmedia.com.
Contact Info:
Spokesperson: KeyBank
Website: https://www.3blmedia.com/profiles/keybank
Email: info@3blmedia.com
SOURCE: KeyBank
View the original press release on accesswire.com
FAQ
What is the KeyBank Scholars Program at Central State University?
How much scholarship money do students receive in the KeyBank Scholars Program?
What are the success rates of previous summer bridge programs at Central State University?
How does the KeyBank Scholars Program impact KeyBank's (KEY) community involvement?
