PROVIDENCE — Fifty-three students from Bishop McVinney School in Providence each received a $1,000 scholarship from Read to Succeed at an awards ceremony on Monday, Oct. 29, in the St. Michael the Archangel Parish Center.
The Papitto Foundation Co-Chair Barbara Papitto and Read to Succeed Executive Director David Guertin, Jr., hosted the ceremony along with school Principal Louis Hebert, where the distribution of certificates of completion, citations from the General Treasurer’s office and medals of distinction took place.
The $1,000 scholarships are being deposited into individual Rhode Island CollegeBound Saver accounts, the state’s tax-advantaged 529 college savings program.
Students in grades 4 through 8 are eligible to enroll in Read to Succeed for five consecutive summers. A student who successfully completes the program can earn up to $5,000 in scholarship funds. The funds are an important resource to pay for higher education- with compounded interest, the value increases over the span of several years.