Osher Foundation awards $1 million for reentry scholarships
TOWSON, Md. (May 20, 2010)—The Bernard Osher Foundation has awarded a grant of $1 million to establish an endowment to sustain the Osher Reentry Scholarship program at Towson University. Osher began its investment in reentry students at Towson University with a $50,000 grant for the 2007-2008 academic year; this award was followed by grants of $50,000 in each of the next succeeding years.
The Osher Foundation defines reentry students as non-traditional aged, pursuing a first bachelor’s degree after having experienced an interruption of at least five years. Grants are need-based and intended to defray the cost of tuition.
To date, Osher Reentry Scholarship grants have funded 92 Reentry Scholars at TU, with seven having graduated and 11 more on track to receive degrees this week.
“Thanks to the continued financial support of the Osher Foundation more reentry scholars will get the opportunity to renew their dream of pursuing a college degree,” Towson University President Robert Caret said.
The Osher Foundation funds reentry scholarships at 73 institutions across 30 states and the District of Columbia. For more info on the Osher Foundation, visit www.osherfoundation.org
In May 2009, the Bernard Osher Foundation awarded the Towson University Foundation a $1 million endowment to sustain the Osher Lifelong Learning Institute at Towson University.