Professional Documents
Culture Documents
$18.5 million is directed to the UNCF/Koch Scholars Program and its administration. Funds will be
used to provide scholarships for exemplary students with demonstrated financial need and an
interest in the study of how entrepreneurship, economics, and innovation contribute to well-being
for individuals, communities, and society. Funds will also be used to provide an annual summit,
mentorship opportunities, and school programs; and
$6.5 million is provided for general support to HBCUs and UNCF, with $4 million set aside for the
37 UNCF-member HBCUs and their students to provide financial relief related to the Parent PLUS
loan crisis.
Approximately 2,800 awards for undergraduate students at $2,500 per semester ($5,000 annually)
Approximately 125 awards for graduate students at $10,000 per semester ($20,000 annually)
Approximately 50 awards for PhD students at $25,000 per semester ($50,000 annually)