ROANOKE COUNTY, Va. (WFXR) — Hollins University is offering a new scholarship that will support young women who wish to earn a college degree at the university with zero tuition debt.

The scholarship is known as Hollins Opportunity for Promise through Education (HOPE).

“HOPE makes a college education affordable for young women regardless of their ability to pay, and supports them in taking the next step toward achieving their academic and professional goals,” said Ashley Browning, vice president for enrollment management at Hollins.

According to Hollins University, the scholarship is for students for the fall of 2022 who reside within 40 miles of campus and whose families have a gross income of $50,000 or less.

“The cost of tuition is fully covered for HOPE scholars for all four years, including any year-over-year tuition increases, through a blend of academic merit scholarship, need-based federal and institutional aid, and the Virginia Tuition Assistance Grant,” Browning explained. “HOPE scholars who live on campus may choose to apply federal loans to the cost of room and board.”

However, officials with the university state that students whose households exceed an adjusted gross income of $50,000 can still be eligible for the scholarship.

“We award over $29 million annually in scholarships and financial aid above and beyond the HOPE program. All first-year, full-time students admitted to Hollins are guaranteed $24,000 annually in academic merit scholarships. And, local students benefit from many types of financial support beyond HOPE, including endowed scholarships specifically for students hailing from our home region,” said Browning.

Students who want to be considered for the first round of the HOPE scholarship can submit their completed application by Jan. 1, 2022. For more information on how to apply visit Hollins University’s website.

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