Buick and the General Motors Foundation today announced the $4.5 million-a-year Buick Achievers Scholarship Program to recognize and reward 1,100 college-bound students nationwide who excel both in the classroom and in the community. What distinguishes the Buick Achievers scholarships is that they are renewable for four years, which could bring the total individual scholarship to as much as $100,000.
The GM Foundation plans to start a new group of 100 students on renewable scholarships of up to $25,000 each year. Buick Achievers, designed to inspire, celebrate, and enable human achievement, also will provide 1,000 students with $2,000 scholarships renewable for up to four years. Majors covered include science, technology, engineering, mathematics, design, marketing and business administration.All told, the foundation’s annual funding could reach $18 million annually after four years.
According to the College Board, college tuitions rose at least 6 percent last year, making it increasingly difficult for students to pay for their education. The Buick Achievers Scholarship Program was developed to help address this need.Information and applications are available at www.buickachievers.com. Applications will be accepted through March 31, 2011, and scholarships will be awarded for the 2011-2012 academic year. The Buick Achievers Scholarship Program is the latest example of GM Foundation education initiatives to invest in the youth of America. The GM Foundation has provided more than $26 million in education-related initiatives since 2005.