Frito Lay is teaming up with the United Negro College Fund (UNCF) to further enable Black and Hispanic students on their journey to higher education.
According to a press release shared by the company, the snack innovator is providing students across 10 U.S. cities with $500,000 in need-based scholarships to reduce the financial burden equipped with attending college.
“Investing in these students means investing in tomorrow’s success. It’s a privilege to play a role in their futures,” said Steven Williams, CEO PepsiCo Foods North America. “At Frito-Lay, we’re proud to celebrate diversity at every level of our organization and remain committed to supporting future generations through resources that enable them to continue their education journey and achieve long-term success.”
Following the company’s commitment to the PepsiCo Racial Equality Journey Initiative, which is slated to invest $570 million into the Black community to address inequality issues over the course of five years, the new scholarship is one of the largest in Frito-Lay history. This is also the first collaboration between Frito_Lay and UNCF.
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“We’re thrilled to partner with Frito-Lay to support underrepresented groups in the communities that we call home,” said Maurice E. Jenkins, Jr., executive vice president and chief development officer, UNCF. “This partnership helps us to further act on our vision of a nation where all Americans have equal access to a college education that prepares them for rich intellectual lives, competitive, and fulfilling careers and engaged citizenship.”
In order to qualify for the scholarship, students must identify as Black or Hispanic and be enrolled full-time at an accredited four-year college. The funds are available to students located in Atlanta, Chicago, Dallas, Detroit, Houston, Los Angeles, Orlando, Phoenix, San Francisco and Washington, D.C. 100 students will have the opportunity to receive assistance of up to $5,000 each.
Click here to learn more on how to apply.