McNair boosts scholarship program to $30M
Houston Texans founder Bob McNair is set to make another multimillion-dollar gift to the University of South Carolina, his former alma mater.
The university said Friday that McNair will boost funding for a scholarship program that bears his name to $30 million. In 1998, McNair and his wife, Janice, gave $20 million to establish the McNair Scholars Program for out-of-state students.
"The McNair Scholars Program has enabled the university to attract many of the nation’s best and brightest students and has spread the word about the many outstanding academic programs offered at the University of South Carolina," said Andrew Sorensen, university president.
The full-tuition scholarship program has grown steadily to include 20 freshmen from around the country each year cash til payday loan.
McNair, who earned a bachelor’s degree in psychology from the university in 1958, said the additional funding is an investment in people and the future.
"Janice and I take pride in investing in programs that support intellect, instead of bricks and mortar," said McNair, the Texans’ chairman and chief executive. "We believe that the impact is more long-term, and we believe in investing in intellectual capital — scholarships for students and grants for faculty members."
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