|[February 18, 2014]
The University of Texas at Arlington receives $122,000 from Chase to Fund Education Programs for U.S. Military Veterans
ARLINGTON, Texas --(Business Wire)--
As part of a $1 million investment nationwide, Chase announced today
that it will provide a $122,000 grant to The University of Texas at
Arlington to fund educational opportunities for military veterans.
With the ongoing drawdown of military forces, about 1 million service
members will transition out of uniform over the next few years. The UT
Arlington grant will allow the University to expand its successful
Student Veteran Project, which offers free, specialized admissions and
counseling services to undergraduate veterans who want to return to
"Education is a path to sustainable employment as well as family and
financial stability," said Maureen Casey, the bank's Director of
Military and Veterans Affairs. "By supporting educational opportunities
for veterans and their families we will cultivate and empower the next
Alexa Smith-Osborne, an associate professor of social work, is principal
investigator of the UT Arlington Student Veteran Project, which
developed the program model. She said Chase's support will make it
possible to provide enhanced services to student veterans at the onset
of their first academic year based on the model developed by the
University's Center for Clinical Social Work.
"This tested, innovative program model uses the latest evidence in
neuroscience and human resilience among military populations to support
peak academic performance, on-time graduation and successful career
launch for student veterans," Smith-Osborne said.
Many veterans face unique challenges in educational settings related to
their military service, family status and attendance as non-traditional
students. Chase's education grants will help U.S. colleges build
programs for veterans on campus, including orientation and bridge
programs, student services and enhanced classroom expeiences with the
ultimate goal of increasing retention and graduation rates.
UT Arlington boasts one of the largest populations of student veterans
and active duty military personnel in Texas, Veterans Administration
surveys show. The University enrolled about 500 veterans during the
2006-07 academic year. That number has more than tripled to 1,564
student veterans in fall 2013.
Military Times named UT Arlington one of the best colleges for military
veterans this fall based on an extensive survey that considered academic
rigor, service member enrollment, percentage of tuition covered by the
GI Bill and availability of specific programs to help service members.
Chase recognizes the tremendous sacrifices that military members and
their families have made on behalf of all Americans. As a result, the
company has developed a firm-wide strategy focused on employment,
housing and education for returning veterans.
In early 2011, JPMorgan Chase and 10 other companies launched the
100,000 Jobs Mission, pledging to hire a total of 100,000 veterans by
2020. Since then, 120 more companies from nearly every sector of the
U.S. economy have joined in, hiring 117,439 U.S. military veterans in
less than three years. The companies have now doubled their commitment -
to hiring 200,000 by 2020.
Chase has hired more than 6,400 veterans since 2011. In less than three
years, Chase has hired more than 1,400 veterans in Texas - more than any
other state in the country. It has also provided more than 660
mortgage-free homes, including more than 60 homes in Texas, to military
families through its non-profit partners.
JPMorgan Chase & Co. (NYSE:JPM) is a leading global financial services
firm with assets of $2.4 trillion and operations worldwide. The Firm is
a leader in investment banking, financial services for consumers and
small businesses, commercial banking, financial transaction processing,
asset management and private equity. A component of the Dow Jones
Industrial Average, JPMorgan Chase & Co. serves millions of consumers in
the United States and many of the world's most prominent corporate,
institutional and government clients under its J.P. Morgan and Chase
brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
About UT Arlington
The University of Texas at Arlington is a comprehensive research
institution and the second largest institution in The University of
Texas System. The Chronicle of Higher Education ranked UT
Arlington as the seventh fastest-growing public research university in
2013. U.S. News & World Report ranks UT Arlington fifth in
the nation for undergraduate diversity. Visit www.uta.edu
to learn more. Follow #UTAdna on Twitter (News - Alert).
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