Los Angeles Area Chamber of Commerce, Campaign Partners Award $129,000 in 'Cash for College' to High School Grads


July 16, 2012 8:00 pm

LOS ANGELES, CA — The Los Angeles Area Chamber of Commerce, along with Los Angeles City Council Member Eric Garcetti, Los Angeles Unified School District Board President Mónica García, HOT 92.3’s Josefa Salinas and other Cash for College partners presented $129,000 to local high school graduates during the 7th annual Scholarship Awards Reception.

The L.A. Area Chamber and its Cash for College campaign partners host the reception each year to recognize high school graduates that attended the fall College and Career Convention and winter Financial Aid Workshops. Students are presented with their scholarship prizes in front of family members, educators and business leaders.

“The L.A. Area Chamber knows that investing in education and in our youth is of utmost importance for the future of our city, state, and for the health of our economy,” said L.A. Area Chamber President & CEO Gary Toebben. “We know that by 2025, two of every five jobs in California will require workers with a college education and we applaud all of you for achieving the major milestone of being accepted to college.”

“We are proud to award nearly $130,000 dollars in scholarships funded in part through the Russell J. Hammer Scholarship Fund.”

Last year, Cash for College helped students in Los Angeles leverage an estimated $37 million in state and federal financial aid. Students learn about various opportunities for funding college at workshops where they meet one-on-one with financial aid experts and receive assistance completing forms.

The statewide Cash for College campaign presented more than 600 students with $616,000 in scholarships. AB540 students (undocumented students eligible for in-state tuition at California public universities) were among those that received scholarship money.

Cash for College is sponsored by ECMC, Bank of America, Deloitte, California Community Foundation, Ralphs, The California Student Aid Commission, The Sterling Foundation, Los Angeles Trade Tech College, San Manuel Band of Mission Indians and State Farm Insurance.

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The Los Angeles Area Chamber of Commerce represents the interests of business in L.A. County. Founded in 1888, the Chamber promotes a prosperous economy and quality of life in the Los Angeles region. For more information, visit www.lachamber.com.


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