BALTIMORE — The University of Baltimore on Monday announced a $5 million scholarship grant for veterans and students transferring from community colleges.
The scholarships come from the Bob & Renee Parsons Foundation and will be handed out over five years, to help students close the financial gap between their federal Pell Grants and the cost of tuition and fees for their final two years of undergraduate education.
Parsons is a Baltimore born Vietnam veteran who graduated from UB. His donation is the single largest in the university’s history.
“A college degree is a game changer. It opens the door to more career opportunities, higher paying jobs and a happier life,” said Parsons. “I’m establishing this scholarship fund to help low-income students acquire a first-class college education and build a brighter future for themselves, their families and the city of Baltimore.”