The Ronald Reagan Presidential Foundation and GE have announced the launch of the GE-Reagan Foundation Scholarship Program, an $8 million initiative to provide up to two hundred four-year scholarships over the next decade to students who embody leadership, drive, integrity, and citizenship.
Through the program, up to twenty students will be chosen annually to receive a $10,000 scholarship, renewable for up to three years — for a total of up to $40,000 per student. Recipients must be pursuing a bachelor's degree at an accredited U.S. college or university and can use the funding to cover their tuition, room, and board expenses. To be considered, applicants must be nominated by a community leader and fill out an online form prior to the deadline. During the summer of 2011, the first cohort of scholars will be recognized at an awards ceremony.
GE has committed $15 million to the Ronald Reagan Centennial Celebration, a year-long celebration of the fortieth president's one-hundredth birthday on February 6, 2011. As part of that effort, GE will commit $5 million to establish the scholarship program, while the Reagan Presidential Foundation will contribute $3 million.
"Ronald Reagan believed in educating and inspiring the future leaders of tomorrow," said Frederick J. Ryan, Jr., board chair of the Ronald Reagan Presidential Foundation. "The GE-Reagan Foundation Scholarship Program enables us to continue this tradition and keep his spirit alive among the youth of today."