The Jack Kent Cooke Foundation has joined a new partnership with the College Board and four other of the nation’s leading scholarship providers to expand access to nearly $180 million in existing scholarship dollars to low-income and minority students across the country who may not otherwise have been aware they are eligible for scholarship.

“Year after year the potential of thousands of exceptionally promising students is wasted because they lack the resources to go to college,” said Executive Director Harold O. Levy. The Jack Kent Cooke Foundation awards annual scholarships of up to $40,000 to high-performing students with financial need. By partnering with the College Board, the Jack Kent Cooke Foundation is able to engage a broader universe of high-achieving, low-income students that have the ability to excel when given the resources to develop their talents.”

Students from the class of 2015 who have taken the College Board’s PSAT/NMSQT, the nation’s largest and most representative pre-college assessment, during high school and opted-in to receive materials from scholarship providers will be the first beneficiaries of this new initiative. The Jack Kent Cooke Foundation will use this information to identify and expand its outreach efforts to more high-achieving, low-income students than ever before to encourage them to apply to its College Scholarship Program.

The Jack Kent Cooke Foundation College Scholarship Program is the largest undergraduate scholarship program available to high-achieving high school seniors with financial need who seek to attend the nation’s best four-year colleges and universities. College Scholars receive up to $40,000 per year, college planning support, ongoing advising, and the opportunity to network with the larger Jack Kent Cooke Foundation scholar community. The application period is open from early September to early November. Up to 40 College Scholars are selected for this program each year.

“What this country needs is not more tests but more opportunities. The 3.8 million students who already take the PSAT/NMSQT will now gain access to nearly $180 million more in scholarships, early enough in their high school careers to change their futures,” said David Coleman, president and CEO of the College Board. “These partnerships build on our work with National Merit Scholarship Corporation to remove barriers to college and career success for students across the country.”

The American Indian Graduate Center (AIGC), Asian & Pacific Islander American Scholarship Fund (APIASF), Hispanic Scholarship Fund (HSF), and the United Negro College Fund (UNCF) are also part of this new initiative.

Click here for more information about the Jack Kent Cooke Foundation College Scholarship Program. More information about the PSAT/NMSQT is available here, and details about the scholarship opportunities offered by the other partner organization are available online at: AIGC, APIASF, HSF, and UNCF.

The Power of Scholarship: The American Indian Graduate Center