Taylor Foundation pledges $1M-plus to Loyola - FOX 8 WVUE New Orleans News, Weather, Sports

Taylor Foundation pledges $1M-plus to Loyola

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NEW ORLEANS (AP) - The Patrick F. Taylor Foundation has pledged $1.26 million in scholarship support to Loyola University for first-generation college students who live in Louisiana and demonstrate financial need. 

The grant will provide seven $15,000 scholarships per year over the next 12 years. The first batch will be awarded in August. 

Students who receive the scholarship must carry at least 15 class hours per semester and meet a 2.3 grade-point-average after the first year, and a 2.5 GPA for each subsequent year. 

Currently, 65 percent of Loyola students receive need-based financial aid, and about 30 percent are eligible for federal Pell grants. 

Loyola President Kevin Wildes says support from private donors like the Taylor Foundation enables Loyola to enroll the best students regardless of economic standing.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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