UpdatedThu, May 13, 2021 at 2:56 pm MT
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California-based Silicon Valley Bank Financial Group is launching a nationwide scholarship fund that includes Arizona State University this fall. (Getty Images Stock Photo)
TEMPE, AZ California-based Silicon Valley Bank Financial Group is launching a nationwide scholarship fund that includes Arizona State University this fall.
The bank s University Scholarship Program provides $5 million to ASU, as well as Florida A&M University, Tulane University and Xavier University of Louisiana, beginning this fall.
The program will fund 25 four-year, full-ride scholarships in total, across the four universities, in addition to creating paid summer internships for students that include housing costs at one of the bank s locations while they attend college, the company said.