Press release
Amid National Access And Affordability Crisis, PepsiCo Expands Community College Program Nationwide To Support 4,000 Black And Hispanic Students
PepsiCo and The PepsiCo Foundation Double Down on Comprehensive Program that Provides Tuition, Mentoring, Financial Literacy Courses, and Living Expenses
About this update from Pepsico, Inc.
[{"type":"text","content":"PepsiCo and The PepsiCo Foundation Double Down on Comprehensive Program that Provides Tuition, Mentoring, Financial Literacy Courses, and Living Expenses\n Builds on PepsiCo's Critical Racial Equality Journey to Address Systemic Inequality in the U.S.\n\n\nPURCHASE, N.Y., Nov. 10, 2021 /PRNewswire/ -- Today, PepsiCo (NASDAQ: PEP) and The PepsiCo Foundation announced the nationwide expansion of the company's Community College Program to students across nine additional cities. Amid a crisis in higher education that has seen plunging rates of enrollment and degree completion among Black and Hispanic students, PepsiCo's program promotes access and advancement through a holistic approach that offers not only financial support to help students at the point of college entry but addresses the additional obstacles – retention, completion, and workforce readiness – that disproportionately impact these students' educational and professional journeys. \nThis program aims to close the education and achievement gap for historically excluded communities by providing additional resources such as professional mentoring, financial assistance for eligible living costs such as childcare and transportation, and financial literacy courses.\nBuilding on its Racial Equality Journey, PepsiCo is expanding this program to offer 1,400 scholarship opportunities through 2022 to eligible Black and Hispanic students attending the following schools:\nLos Angeles Community College District (Los Angeles, CA) Miami Dade College (Miami, FL) Wayne County Community College District (Detroit, MI) Atlanta Metropolitan State College (Atlanta, GA) Ivy Tech Community College (Indianapolis, IN) Maricopa County Community College District (Phoenix, AZ) Valencia College (Orlando, FL) Alamo Colleges District (San Antonio, TX) Prince George's Community College (Largo, MD)\"Black and Hispanic students are facing an unprecedented educational crisis as enrollment rates continue to decline and dropout rates increase, often because of financial needs outside of tuition. Students need more than scholarships – they need support to stay in school, finish their degrees, and access the job market,\" said C.D. Glin, Global Head of Philanthropy, PepsiCo & Vice President, The PepsiCo Foundation. \"We launched this program to help students address some of the most critical barriers to their ...