SouthEast Bank recently presented Lipscomb University President L. Randolph Lowry funds to support two $7,000 scholarships, renewable for up to four years for a total value of $28,000 each, to offset the cost of tuition and assist in accomplishing academic and personal goals.
“We are thrilled that organizations such as SouthEast Bank invest in the lives of our students and believe strongly in offsetting the cost of tuition,” said Lowry. “By investing in the life of a young person, you have no idea the impact that gift will ultimately have not only on that individual but also on those that he will impact as a result of his education and experience at Lipscomb.”
Two Lipscomb students are currently receiving funds from the SouthEast Bank Scholars Award fund. Plans are for one additional scholarship to be funded in each of the next two academic years to bring the number of student recipients to four who will be beneficiaries of the fund at any one time.
To be eligible for the scholarship, students must be incoming freshmen from Tennessee and be majoring in a business discipline. Students must also achieve a minimum 3.25 high school grade point average or a 23 ACT score, have also demonstrated community involvement and be chosen by participating post-secondary institutions for their exceptional character and academic commitment.
“SouthEast Bank is proud to support Lipscomb University in awarding scholarships that help keep our future leaders right here in Tennessee,” said Monty Montgomery, SouthEast Bank president. “We are a true community bank operated by local employees who live and work alongside the people we serve, and we are committed to using our resources to reinvest in our schools, organizations and neighborhoods. Through the SouthEast Bank Scholars program, we fulfill this mission by rewarding outstanding students who demonstrate a combination of academic excellence, community service and financial need with the opportunity to reach their greatest potential through higher education.”
Scholarship funds such as those from SouthEast Bank help keep a university education affordable.
“As the cost of tuition rises, anything that can help offset that cost is a huge benefit to our students,” said Tiffany Summers, director of financial aid. “We greatly appreciate SouthEast Bank’s commitment to our students by funding these scholarships for our students.”
Ron Gamble, a Lipscomb alumnus and chairman of Edsouth in Nashville, and Tommy Schumpert, SouthEast Bank scholarship director from the company’s Knoxville office, presented Lowry with the scholarship funds in a ceremony on Oct. 31.
SouthEast Bank, with total assets in excess of $500 million, operates full service banking offices throughout the regions of East and Middle Tennessee.
For more information about financial aid and scholarship opportunities at Lipscomb University visit www.lipscomb.edu/finaid.