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Maryland creates $150M endowment fund for public university scholarships

June 13, 2023
empty chairs in theater

High school students in Maryland will have a new source of financial aid after the state’s public university system approved the creation of an up-to $150 million quasi-endowment fund. The new University System of Maryland fund will be funded through contributions from member schools and the returns it generates will be used to support need-based aid that could help entice more students to pursue an education.

Article Source: Baltimore Business Journal

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