Launching Students for Life

Launching Students for Life

Exceptional undergraduates from underserved communities prepare to enter the workforce of the future, equipped for in-demand jobs.


The possibility of a college degree—and a debt-free future—is now closer to reality for 330 students at the City University of New York (CUNY). Through a $1 million, multi-year grant from the BNY Mellon Foundation, high-achieving, low-income CUNY students working toward STEM or finance-related degrees now have critical financial support to fuel their dreams. It’s part of our strategy to help build the workforce of the future.


Known as BNY Mellon Transfer Scholars, these scholarship recipients have earned an associate degree through the highly regarded Accelerated Study in Associate Programs (ASAP) within the CUNY community college system. The BNY Mellon Transfer Scholarship rewards ASAP graduates for their past academic performance and inspires them to earn a baccalaureate degree by providing funds for tuition, books and fees each academic year.

“Through partnerships with CUNY and nonprofits and other organizations, we are helping to prepare young people for employment in the digital age, so they can thrive in future economies.”


In addition to these scholarship commitments, BNY Mellon Foundation partners with Asian Pacific Islander American Scholars, Hispanic Scholarship Fund, the Jackie Robinson Foundation, and Spelman College. In total, BNY Mellon is providing $1.35 million in support through various funding partners for academic scholarships to more than 800 eligible students who are pursuing business or STEM majors at four-year institutions.