University of Evansville issued the following announcement on July 20.
The University of Evansville has been awarded a $100,000 grant from the Charles E. Schell Foundation, Fifth Third Bank, Trustee. The funds will provide educational assistance loans without interest or security to qualified students to aid them in securing a practical education that would not be otherwise attainable. This grant money will create a revolving loan fund for UE students. As these students repay their loans, it will enable the University to continue lending to other students.
The Charles E. Schell Foundation for Education was established by the will of the late Charles Edson Schell and is administered by Fifth Third Bank, Trustee, to provide a means for qualified students to manage the cost of higher education without undue hardship. Students may use the funds for billable student expenses, including tuition, fees, books, or room and board
“This is UE’s second grant from the Schell Foundation; the first coming in 2009,” said Sylvia DeVault, UE corporate and foundation relations officer. “We at UE are very grateful for this support from the Schell Foundation.”
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