Loyola University Maryland has received a $400,000 gift from the Pennsylvania-based Maguire Foundation to establish a scholarship fund for students who demonstrate financial need.
Inspired by the social justice teachings of St. Ignatius Loyola, the foundation focuses on education, hunger, homelessness, and the arts in an effort to give back to the community.
“We are profoundly grateful to receive such a generous commitment from an organization that both shares our Jesuit values and recognizes our responsibility to ensure Loyola’s high-quality educational experience is accessible to excellent students from all socioeconomic backgrounds,” said Rev. Brian F. Linnane, S.J., president of Loyola.
From 2015-2018, up to $25,000 in scholarships will be divided among at least three incoming first-year students annually. Student awardees will receive the same dollar amount in each of their four years at Loyola. The scholarships are meant to replace a portion of what the students would have borrowed in student loans.
Scholarships through the new Maguire Scholars Program will only be available to students who attended one of the Greater Philadelphia-area Catholic and charter high schools included in a network designated by the foundation. In addition, students must have a high school GPA of 3.0 or higher and be engaged in community service and/or extracurricular activities to qualify for a scholarship award, and they must remain in good academic standing and active in service while at Loyola.
“I am honored to welcome such a prestigious university as Loyola University Maryland into the Maguire Scholars Program,” said James J. Maguire, co-principal of the foundation and graduate of St. Joseph’s University.
Headquartered in West Conshohocken, Pa., the Maguire Foundation is a non-profit organization that partners with educational institutions to provide scholarships and grants for students from families with limited financial resources.
More information about the foundation is available at maguirefoundation.org.