Equitable Excellence℠ Scholarship Application Now Open
October 24 2022 - 9:00AM
Business Wire
Underscores the company’s commitment to college
access and support programs
Equitable, a leading financial services organization and
principal franchise of Equitable Holdings, Inc. (NYSE: EQH), today
announced the call for applications for its 2023 Equitable
ExcellenceSM Scholarship. The scholarship program has been in
existence for 21 years and underscores the company’s belief in the
societal benefits of expanding access to education.
This year, Equitable will provide 100 $5,000 renewable
scholarships to award recipients each academic year for four years,
for a total of $20,000 per recipient. The company will also award
100 one-time $2,500 scholarships that can help students to
underwrite immediate costs associated with higher education such as
tuition, books or fees.
The scholarship program recognizes students who demonstrate
courage in pursuing what’s possible, display strength in managing
challenges and share wisdom with others. Awards are based on
financial need, GPA, and an essay, in which students are invited to
share their future aspirations.
“College access and career readiness are key determinants for
increasing social mobility and addressing income inequity in our
society,” said Nick Lane, President of Equitable. “This scholarship
program is one small thing we can do to make college more
accessible for students and prepare them to enter the workforce
equipped with the soft and hard skills they will need to
succeed.”
Equitable recently launched a research pilot program with Common
App to make the Equitable Excellence scholarship more accessible to
students with financial need. Common App is a nonprofit membership
organization and application tool used by nearly 1,000 diverse
colleges and universities in pursuit of access, equity and
integrity in the college admissions process. As part of the pilot,
Common App conducted targeted outreach to eligible students, which
included details regarding the Equitable Excellence scholarship,
and reached 35,000 low-income and underrepresented high school
seniors. Many of these students will be the first in their families
to attend college. The learnings will help shape future iterations
of the scholarship program.
Last year, the company expanded the Equitable Excellence
scholarship program to provide mental wellness workshops and peer
networking opportunities for recipients. Equitable also implemented
learning and development opportunities to prepare students for life
after college, including resume, personal branding and career
exploration workshops, as well as mentorship programs with the
company’s employees and financial professionals.
“Our goal is to get students not only to college, but through
college,” said Jarian Kerekes, Head of Social Impact and Community
Engagement at Equitable. “Our support and engagement with these
students go beyond grantmaking. We recognize that many students
need mentorship, support programs and encouragement to navigate the
opportunities and challenges they will face after high school. We
know this kind of support is not always available at home or
through social networks.”
This program builds upon the company’s efforts to also support
and encourage high school students and their families, which
includes: FAFSA workshops; college tours; and workshops that cover
topics such as personal goal setting, healthy habits, conflict
resolution and planning for life after high school.
Since the program’s inception in 2003, Equitable has awarded $30
million to more than 7,000 students. Applications for the 2023
program are being accepted online through December 16.
About Equitable
Equitable, a principal franchise of Equitable Holdings, Inc.
(NYSE: EQH), has been one of America’s leading financial services
providers since 1859. With the mission to help clients secure their
financial well-being, Equitable provides advice, protection and
retirement strategies to individuals, families and small
businesses. Equitable has more than 8,000 employees and Equitable
Advisors financial professionals and serves 2.8 million clients
across the country. Please visit equitable.com for more
information.
GE-5036644.1(10/22)(Exp. 10/24)
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version on businesswire.com: https://www.businesswire.com/news/home/20221024005171/en/
Media: Monique Freeman 212 314-2010
mediarelations@equitable.com
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