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Sallie Mae Commits $4.5 Million Over Three Years to Promote Diversity in Higher Education and Advance Social Justice

Marks one month since the death of George Floyd, which has brought the longstanding inequities faced by African Americans and all people of color even more starkly into focus. Those inequities extend to higher education where, too often, minority and underserved students face significant obstacles that not only impede attendance, but also stifle completion of their post-secondary education program.

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“Systemic racism, discrimination, and oppression of African Americans and communities of color have gone on too long. It’s not enough to acknowledge that there’s a problem, or that inequities exist. We need to listen, and we need to act”

To help break down those barriers, The Sallie Mae Fund, the charitable arm of Sallie Mae, will contribute $4.5 million in scholarships and grants over the next three years to increase higher education access and completion among minority students and underserved communities and to support educational programs that advance social justice, diversity, inclusion, and equality.

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“Systemic racism, discrimination, and oppression of African Americans and communities of color have gone on too long. It’s not enough to acknowledge that there’s a problem, or that inequities exist. We need to listen, and we need to act,” said Jon Witter, Chief Executive Officer, Sallie Mae. “As a company with a foundation in education, we see first-hand how education opens doors, creates opportunities, and advances us as a people. Those doors and opportunities, however, should be open and available to all who seek to advance through higher learning. We commit to helping make that a reality and playing a part in creating a more just and equal society.”

Specifically, The Sallie Mae Fund, in partnership with The Thurgood Marshall College Fund, will launch new programs this fall to provide a total of $3 million in scholarships over the next three years to help minority students and underserved communities access higher education and complete their post-secondary education program.

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