February 17, 2021 - Harrisburg, PA
Governor Tom Wolf wants to bet on 44,000 students to help them earn a college degree while graduating with less debt and building successful lives in Pennsylvania. The governor held a press conference to discuss how his historic Nellie Bly Scholarship Program would provide need-based financial assistance for students at 14 universities in the state's system."Our country has a student loan debt crisis and it's a burden that lasts for years and holds young people back from starting a family, buying a home and saving for retirement," said Gov. Wolf. "I am proposing the Nellie Bly Scholarship Program to help college students build lives in their communities rather than struggling to pay student loan bills every month."The Nellie Bly Scholarship Program provides a scholarship to full-time undergraduate students at the 14 Pennsylvania State System of Higher Education (PASSHE) universities who have a household income of under $104,800. For the most economically disadvantaged students, the scholarship covers the tuition and fees gap not covered by a student's Pell and PA State Grants. In exchange, the students agree to stay in Pennsylvania after graduation for the same number of years for which they receive the benefit or the scholarship becomes a low-interest loan.