The University of Missouri and KC Scholars are teaming up to invest $40 million in scholarships for Kansas City-area youth to attend MU. The scholarships will benefit 800 students from the Kansas City area over the next eight years, according to an MU news release.
KC Scholars will contribute half of the money, while MU and the University of Missouri System will each fund $10 million.
Each of the 800 students will receive up to $50,000 in tuition assistance, at no more than $10,000 per year.
KC Scholars, a nonprofit founded in 2016, is funded by the Ewing Marion Kauffman Foundation and Kansas City community organizations. It supports students at 17 partner colleges and universities in Missouri and Kansas. MU currently enrolls the largest portion of KC Scholars.
Students must be juniors in high school, receive at least a 2.5 GPA and “present a financial need for additional support” to qualify for the scholarship. Six Kansas City-area counties are eligible.
Fall 2019 is when the first students will benefit from Monday’s announced agreement.