Morehouse College students who are the first in their families to pursue a higher education will receive $1 million in financial support from Aaron’s Inc., thanks to a new scholarship opportunity funded by the national lease-purchase retailer.
Aaron’s Inc. (NYSE: AAN), a leading omnichannel provider of lease-purchase solutions, and its divisions Aaron’s and Progressive Leasing, recently launched the “Aaron’s Scholars Program” to make college more affordable for first-generation college students.
Each student in the program will receive a 3-year, $50,000 scholarship. The 20 recipients will also be offered internships.
“It is heartwarming and inspiring to young men to be the first in their families to attend college, and Aaron’s is proud to assist them as they endeavor toward this high academic achievement at Morehouse,” said John Robinson, CEO of Aaron’s, Inc. “Morehouse College is a historic institution in our hometown of Atlanta and the Aaron’s Scholars Program is our way of giving back and advocating for our future community leaders.”
Morehouse President David A. Thomas said the College appreciates the support of corporate partners like Aaron’s that believe in Morehouse’s mission and unique space in developing global leaders.
“Aaron’s investment will be a great help to young men who dream of earning college degrees to uplift their families, impact their communities, and change their economic futures,” Thomas said. “I look forward to working with Aaron’s in this partnership and following the success of our Aaron’s Scholars.”
To qualify for the Aaron’s Scholars Program, students must maintain a 2.5 GPA, submit a letter of recommendation from a faculty advisor, and have received enough credit hours as a full-time student to be considered a second-year student.