Cardinal Bank sets up $250,000 endowment for first-generation college students
Cardinal Bank has established a $250,000 endowment at George Mason University that will fund scholarships to selected first-generation college students attending the university.
Cardinal’s funding of the scholarship program will provide financial assistance to graduates of the university’s Early Identification Program (EIP), which prepares eighth through 12th graders for college. The first recipients have been selected for the scholarship program.
Last year, 107 high school students graduated from the EIP and 90 percent of them enrolled in 27 colleges around the country. George Mason University was the destination of 35 graduates.
Since establishing the EIP in 1987, George Mason University has been hosting weekly tutoring and mentoring sessions and a three-week Summer Academic Academy to improve students’ access to higher education and their quality of life.
The program identifies seventh graders who show academic promise, motivation, commitment and leadership potential. Currently there are 145 students participating in the 8th grade program and 440 in the high school program.