Stride Lowers Financial Hurdles for College-Bound Black Students with College Scholarships

Rhea-AI Summary

Stride, Inc. (NYSE: LRN) has announced the inaugural recipients of the We Stand Together College Scholarship, awarding up to $250,000 to support higher education for 22 students across 10 states. Notably, two recipients will receive $25,000 each to attend Historically Black Colleges and Universities. This scholarship program is part of Stride's larger $10 million initiative aimed at enhancing educational access for underserved learners. Selection criteria included academic achievement and financial need.

Positive

• Awarding up to $250,000 in scholarships enhances company reputation.
• Initiative is part of a broader $10 million investment in education, potentially driving long-term shareholder value.

Negative

• None.

Today Stride, Inc. (NYSE: LRN) announced the 22 recipients of the first-ever We Stand Together College Scholarship. In total, the scholarships will award up to $250,000 to cover tuition and other expenses for the 2021-2022 academic year at the higher education institutions of the recipients choosing. Two of the recipients will receive $25,000 each to attend Historically Black Colleges and Universities.

“Now, more than ever, the world needs young people to help us chart a positive path forward,” said James Rhyu, CEO at Stride. “Whether we’re talking about the ongoing pandemic, movements for social justice, or adjusting to our ‘new normal,’ each of us has a role to play in making our communities better. My hope is that, through this scholarship, these students will get us all closer to that goal.”

Collectively, this first cohort of recipients comes from 10 states and have been accepted to Howard University, University of Washington, Berklee College of Music, Penn State, and more. The We Stand Together College Scholarship was open to students attending schools powered by Stride K12 who identify as Black or African American, and recipients were chosen based on factors including academic achievement, demonstrated leadership, educational and career goals, and financial need.

The We Stand Together College Scholarship was launched as part of Stride’s multi-year $10 million investment to improve access to education for underserved learners of all ages. Previous We Stand Together Scholarships include the K12 Private Academy Scholarship, which in February awarded 47 students with tuition-free full-time enrollment at K12 Private Academy and the Galvanize Scholarship, which in April awarded four scholarships for tuition-free enrollment in the Hack Reactor Software Engineering Immersive bootcamp.

Additional commitments to equity and inclusion include developing socially conscious legal and law enforcement career pathways of study, interactive courses on the history of systemic racism, expanding the number of Black teachers employed by Stride.

More information on Stride’s commitments to equity in education can be found at https://www.stridelearning.com/responsibility-inclusion.

About Stride, Inc.

At Stride, Inc. (NYSE: LRN) we are reimagining learning – where learning is lifelong, deeply personal, and prepares learners for tomorrow. The company has transformed the teaching and learning experience for millions of people by providing innovative, high-quality, tech-enabled education solutions, curriculum, and programs directly to students, schools, the military, and enterprises in primary, secondary, and post-secondary settings. Stride is a premier provider of K-12 education for students, schools, and districts, including career learning services through middle and high school curriculum. For adult learners, Stride delivers professional skills training in healthcare and technology, as well as staffing and talent development for Fortune 500 companies. Stride has delivered millions of courses over the past decade and serves learners in all 50 states and more than 100 countries. The company is a proud sponsor of the Future of School, a nonprofit organization dedicated to closing the gap between the pace of technology and the pace of change in education. More information can be found at stridelearning.com, K12.com, galvanize.com, techelevator.com, and medcerts.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210729005737/en/

FAQ

What is the We Stand Together College Scholarship announced by Stride, Inc.?

The We Stand Together College Scholarship is a program created by Stride, Inc. that awards up to $250,000 to support higher education for students, particularly those identifying as Black or African American.

How many scholarships were awarded in the first cohort by Stride, Inc.?

Stride, Inc. awarded scholarships to 22 recipients in the first cohort of the We Stand Together College Scholarship program.

What financial commitment has Stride, Inc. made towards education?

Stride, Inc. has made a financial commitment of $10 million to improve access to education for underserved learners.

How will Stride, Inc.'s scholarship program impact its reputation?

The scholarship program will likely enhance Stride, Inc.'s reputation as a socially responsible organization focused on promoting access to education.

What selection criteria were used for the We Stand Together College Scholarship?

Recipients were chosen based on academic achievement, demonstrated leadership, educational and career goals, and financial need.