The New York University College of Nursing has been awarded a $960,000 grant from the Helene Fuld Health Trust to fund financial aid for students enrolled in the Accelerated Second Degree Baccalaureate Program.
The grant will be used to establish the Helene Fuld Health Trust Scholarship Fund.
“Accelerated second degree bachelor of science in nursing degree students are the most financially needy group as they have limited access to funds to support their studies,” Eileen Sullivan-Marx, dean and Erline Perkins McGriff Professor of NYUCN, said in a news release. “The trusts grant will support these students and relieve their financial burden as they move ahead in their degrees.”
The grant will be paid in installments of $320,000 over a period of three years. In each installment, $160,000 will be used immediately for current financial aid for students enrolled in the NYUCN second-degree program. The remaining $160,000 of the grant each year, for a total of $480,000, will be placed in an endowment fund. The monies generated by the endowment will be used to continue the colleges Helene Fuld scholarship fund.
NYUCN will award a cohort of eight second-degree students entering in the fall 2013 semester and an additional cohort of eight students entering in the spring 2014 semester.
Each student will be awarded $10,000 over four semesters ($2,500 a semester) to assist them in pursuing their degrees.