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Winthrop wins grant from Charles Schwab to train financial planners

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Winthrop wins grant from Charles Schwab to train financial planners

Nov 28, 2023 | 4:17 pm ET
By Jessica Holdman
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ROCK HILL — As many as 40 Winthrop University business students could receive scholarships to become financial planners with a grant from investment giant Charles Schwab.

The Charles Schwab Foundation would not disclose how much it gave but Winthrop administrators called the gift significant.

The donation announced this month will fund scholarships and help with student’s housing costs for four years, said Vanessa Valdez, assistant director of the new Charles Schwab Foundation Professional Development Program. She hopes the program raises the profile of Winthrop students, potentially boosting business school enrollment.

The first 10 recipients will be notified by the end of this semester.

“We are honored to partner with Winthrop University to create opportunities that help students overcome financial constraints and guide them in the pursuit of a career in the financial services industry,” Bernie Clark, head of Schwab Advisor Services, said in a statement.

Those accepted to the program will have access to tutoring, internships opportunities and industry conferences.

P.N. Saksena, dean of Winthrop’s College of Business Administration, hopes the program will attract more women, veterans and those from low-income families to the financial services field.

Winthrop is a public university with roughly 5,000 students, located 13 miles south of the North Carolina border. This semester, tuition and required fees for full-time students from South Carolina come to about $8,000.