New Scholarship Fund Helps Veterans Pay for College

November 15, 2007

A new scholarship program created by a wealthy New York financier aims to help veterans who served in Iraq and Afghanistan pay for college.

The Fund for Veterans’ Education, which is being announced today at a luncheon in Washington, is meant to fill the gap between benefits provided by the GI Bill and the actual cost of attending college.

The first 11 scholarship winners will be announced today. By the end of the year, scholarships in varying amounts will be awarded to at least one veteran in every state and the District of Columbia. The scholarship amounts will vary, and will help pay for tuition, fees, and books.

Jerome Kohlberg, a World War II veteran who attended Swarthmore College and Harvard Business School under the original GI Bill, has fronted $4-million for the fund. Additional financial commitments from individuals, foundations, and corporations are expected.

The fund, which is being administered by Scholarship America, will continue until veterans’ needs are met or until Congress passes a new GI Bill that fully covers the cost of attending college, said Bruce Robbins, a spokesman. —Libby Sander