At the close of this year’s Hispanic Heritage month, Aspire Visa, marketed by CompuCredit Corporation, announced the establishment of five endowment funds totaling $50,000.
The funds, named the “Aspire A Mas” Endowment Funds, will provide scholarships in perpetuity to students at five predominately Hispanic community colleges across the United States and will be matched dollar-for-dollar by each school for a total of $100,000.
Recipients of the gifts include Miami-Dade Community College, City College of San Francisco, Mountain View College in Dallas, Richard J. Daley College in Chicago and Eugenio Maria de Hostos in New York. Students receiving the scholarships are selected on the basis of their academic achievement, future goals, and economic need.
According to the 1999 U.S. Census Bureau, there is a significant educational deficit between Hispanics and other ethnic groups. Only 27.5% of Hispanic high school graduates ages 18-21 were enrolled in college in 1997 versus 46.1% of non-Hispanic whites.
“In serving the Hispanic community through our Aspire brand, we understand some of the unique educational challenges and needs faced by its youth,” said David Hanna, Chairman and Chief Executive Officer of CompuCredit. “That’s why we are committed to helping Hispanic youth reach their full potential. We hope that each `Aspire A Mas’ endowment fund will assist in expanding educational opportunities for Hispanics and will encourage their future achievements.” “We applaud Aspire’s long term commitment to our community. Through their efforts and generous support we are able to provide the next generation of students with the necessary skills needed to succeed,” said Dr. Jose Vicente, president of Miami-Dade Community College, InterAmerican Campus and an officer of the Hispanic Associations of Colleges and Universities, (HACU).
CompuCredit Corporation (Nasdaq: CCRT) is a credit card company that uses analytical techniques, including sophisticated computer models, to market general-purpose credit cards and related fee-based products and services. Through its Aspire brand and others, the company currently serves more than 2.3 million customers nationwide. Consumers can apply for a card online at [http://www.aspirecard.com], or in Spanish at [http://www.aspireamas.com]. Credit cards marketed by CompuCredit are issued by Columbus Bank and Trust Company under an agreement with CompuCredit. For more information about CompuCredit, visit [http://www.compucredit.com].