Today, the CVS Health Foundation announced it had established a five-year, $5 million CVS Health Foundation Health Care Careers Scholarship program in collaboration with UNCF (United Negro College Fund). Scholarships will be awarded to Black and Latinx students pursuing an academic career in health care. The new scholarship program is part of CVS Health’s nearly $600 million commitment over the next five years to address Black people’s inequity and other disenfranchised communities.
“This scholarship will feed a robust pipeline of under-represented students, which will, in turn, strengthen the pool of talented college graduates ready for today’s and tomorrow’s workplace,” said David Casey, Senior Vice President and Chief Diversity Officer, CVS Health. “Enabling students to excel in the workforce, particularly people of color and those facing financial barriers, advances our commitment to social justice and equity and will have a lasting impact.”
The CVS Health Foundation Health Care Careers Scholarship is being launched in collaboration with UNCF, the nation’s largest minority education organization supporting students’ education and development through scholarships and advocacy for minority education and college readiness. According to a UNCF’s Frederick D. Patterson Research Institute report, students who receive a UNCF scholarship outperform the national population of students in persistence through college and to graduation. In fact, 70% of African American first-year students who received a UNCF general scholarship graduated within six years, compared to only 38% of all African American students nationwide.
Black and Latinx students attending an accredited four-year college or university in the United States interested in pursuing a career in the health care sector are eligible to apply for the need-based awards. Eligible study areas will bolster the health care innovation talent pipeline, with majors including pharmacy, nursing, business management, biology, biochemistry, finance, operations/supply chain, data analytics, information technology, actuary, and human resources. The two-year scholarships will support students in their junior and senior years as they complete their studies.
“Working with UNCF, the CVS Health Foundation is supporting a best-in-class model for moving students to and through college,” said Eileen Howard Boone, Senior Vice President, Corporate Social Responsibility and Philanthropy, CVS Health, and President of the CVS Health Foundation. “UNCF has an impressive track record of impacting minority education and improving graduation rates for students while making a meaningful difference in the lives of selected scholars.”
UNCF will accept applications for the CVS Health Foundation Health Care Career Scholarship from February 1 through April 1, 2021. For more information and to apply, visit: https://uncf.org/scholarships