What is scholarship?
Fastnet Scholarship, a scholarship program launched by ESPN, has been awarded $4.9 million in grants.
That is more than half of the money the program received during the 2015-16 school year.
The awards are part of the company’s goal to provide access to higher education to the underrepresented communities in the U.S. and around the world.
Fastnet scholarships are open to high school juniors and seniors, as well as to anyone who can demonstrate an interest in college, as long as they can afford to pay.
The program was founded in 2016 and is funded by the federal government and philanthropists.
Fastweb is the third company to get a $4 million grant from the National Endowment for the Humanities.
The others are the Smithsonian and the Bill and Melinda Gates Foundation.
The Gates Foundation also funds Fastnet scholarship awards.
The Fastnet Foundation, a nonprofit founded in 2011, received a $1.5 million grant to build a scholarship center in Kenya, and Fastnet has also been awarded a $200,000 grant from Stanford.