The Hartford Announces $1 Million Scholarship Fund For UConn Hartford Students
23 Settembre 2021 - 02:00PM
Business Wire
Company creates The Hartford Scholars Program to allow 50
students to attend tuition-free for all four years
The Hartford has committed $1 million to provide funding for 50
UConn Hartford students who are residents of the City of Hartford.
The funding will cover the gap between a student’s existing
financial aid package and the remaining tuition amount, allowing
them to attend UConn Hartford tuition-free for all four years.
Starting this semester, The Hartford will fund the scholars, as
identified by The University of Connecticut’s Division of
Enrollment Planning and Management, in two groups – 25 first-year
students in 2021, and an additional 25 first-year students in
2022.
“We are proud to support incoming students in our namesake city
as they begin their studies at UConn Hartford,” said The Hartford’s
President Doug Elliot. “This new commitment builds on our enduring
legacy of community engagement in the City of Hartford as we strive
to advance equal economic, educational and workplace opportunities.
We recognize that equitable access to a quality education can be a
critical component to future success and look forward to mentoring
The Hartford Scholars as they chart a course to accomplish their
goals.”
Mark Overmyer-Velázquez, Ph.D., director of UConn Hartford said,
“UConn Hartford extends our sincerest appreciation to our neighbor
in the city, The Hartford, for their generous gift and meaningful
partnership. The Hartford Scholars Program will ultimately provide
support and mentoring opportunities to 50 students who live in the
City of Hartford and attend the UConn Hartford campus. By
supporting UConn Hartford — where first-generation college students
and students of color represent the majority of the student
population — The Hartford’s partnership demonstrates the company’s
commitment to positive change in the City of Hartford and an
understanding of the importance of higher education in expanding
opportunity for the youth in our community. UConn Hartford is proud
to partner with The Hartford in this worthy endeavor.”
The scholars must be residents of the City of Hartford and
demonstrate a financial need. Scholarships for tuition and fees
will be renewable for four years. Each student will also receive a
set allowance for other expenses, such as books and transportation.
In addition to financial support, The Hartford will provide
mentorship opportunities, unique group experiences and interactions
with the company and its employees, and utilize its existing
resources for professional development. The new scholarship fund
builds on a longstanding partnership with the University of
Connecticut, which includes internships, research and
recruiting.
“I am beyond thankful for this opportunity. Being named a
scholar gives me a push to keep doing whatever I need to do to
succeed,” said Cesar Carreno, a first-year UConn Hartford student
who was born and raised in the City of Hartford and is one of The
Hartford Scholars. “The financial support also means that I can
rearrange my schedule so that I don’t have to work as much, so I
can focus more on my education and have more time to study.”
The Hartford’s Commitment To City of Hartford
The $1 million donation announced today is part of a broader
commitment by The Hartford to advance equitable access to economic,
educational and workforce opportunities for residents in the City
of Hartford. Last year, the company made a $10 million, 5-year
commitment to the Asylum Hill neighborhood to address top
priorities identified by residents and non-profits through The
Hartford’s Asylum Hill Neighborhood Survey. Earlier this year, The
Hartford announced a $1 million grant to make affordable
homeownership more accessible in the Asylum Hill Neighborhood.
About The Hartford
The Hartford is a leader in property and casualty insurance,
group benefits and mutual funds. With more than 200 years of
expertise, The Hartford is widely recognized for its service
excellence, sustainability practices, trust and integrity. More
information on the company and its financial performance is
available at https://www.thehartford.com. Follow us on Twitter at
@TheHartford_PR.
The Hartford Financial Services Group, Inc., (NYSE: HIG)
operates through its subsidiaries under the brand name, The
Hartford, and is headquartered in Hartford, Connecticut. For
additional details, please read The Hartford’s legal notice.
HIG-C
Some of the statements in this release may be considered
forward-looking statements as defined in the Private Securities
Litigation Reform Act of 1995. We caution investors that these
forward-looking statements are not guarantees of future
performance, and actual results may differ materially. Investors
should consider the important risks and uncertainties that may
cause actual results to differ. These important risks and
uncertainties include those discussed in our 2020 Annual Report on
Form 10-K, subsequent Quarterly Reports on Forms 10-Q, and the
other filings we make with the Securities and Exchange Commission.
We assume no obligation to update this release, which speaks as of
the date issued.
From time to time, The Hartford may use its website and/or
social media outlets, such as Twitter and Facebook, to disseminate
material company information. Financial and other important
information regarding The Hartford is routinely accessible through
and posted on our website at https://ir.thehartford.com, Twitter
account at www.twitter.com/TheHartford_PR and Facebook at
https://facebook.com/thehartford. In addition, you may
automatically receive email alerts and other information about The
Hartford when you enroll your email address by visiting the “Email
Alerts” section at https://ir.thehartford.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20210923005243/en/
Media Contact for The Hartford: Matthew Sturdevant
860-547-8664 matthew.sturdevant@thehartford.com Media Contact
for The University of Connecticut Foundation: Jennifer Huber
860-786-2315 jhuber@foundation.uconn.edu
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