NASHVILLE, Tenn. (WTVF) — Tennessee State University will be using a $200,000 grant to help new and returning students who have been impacted by the COVID-19 pandemic with their fall semester costs.
The grant is from the Charles E. Schell Foundation for Education, which was established as a revolving student loan program with Fifth Third Bank as a trustee. The foundation gave TSU $100,000 last year but made the decision to double the amount this year due to the financial stress of the pandemic.
“TSU is appreciative of the collaboration with the Schell Foundation and Fifth Third Bank and their support of the university and our students,” says President Glenda Glover. “The funds will not only help our students to stay in school, but will also provide a form of relief to them and their families impacted by COVID-19 and the economic downturn we are currently experiencing.”
Qualifying students will receive up to $2,000. Applicants must be residents of Ohio, Kentucky, West Virginia or states adjoining them, including Tennessee, between 18 and 25 years old and have a minimum 2.0 GPA.
Those who receive money from the grant will also be asked to sign a promissory note to repay the funds to contribute to the revolving loan fund for future TSU students.
