CVS Foundation Launches $5 Million Scholarship For Black Students Pursuing Healthcare

CVS Health wants to help aspiring Black and Latinx healthcare professionals with their education. The corporation announced that it will be partnering with the United Negro College Fund (UNCF) to establish a new $5 million scholarship geared toward Black and Latinx college students pursuing careers in the healthcare field. The scholarship is a part of the company’s $600 million commitment toward racial equity and advancing social change.

“This scholarship will feed a robust pipeline of under-represented students, which will, in turn, strengthen the pool of talented college graduates ready for today’s and tomorrow’s workplace,” said CVS Health Senior Vice President and Chief Diversity Officer David Casey in a press statement sent to BLACK ENTERPRISE. “Enabling students to excel in the workforce—particularly people of color and those facing financial barriers—advances our commitment to social justice and equity and will have a lasting impact.”

Black and Latinx students attending a four-year college or university in the United States and can apply now through April 1, 2021.

“This is an incredibly generous gift from the CVS Health Foundation,” said UNCF President and CEO Dr. Michael L. Lomax in the statement. “We know that African American, Latinx and other minority communities have been disproportionately impacted

tom-banner ampforwp-incontent-ad3"> by the current pandemic. It’s particularly important right now to welcome as many students of color as we can into the health care field. The ripple effect of COVID-19 has the potential to discourage students from pursuing a college education and may prevent others from continuing their education. Recognizing these facts, the CVS Health Foundation is providing a pathway for successful applicants to continue on their journey to attain a college degree and become our next generation of pandemic frontliners.”