CIBC announced an additional $2.8 million for their Youthvision Scholarship Program Friday. The program provides financial assistance to low-income students who would not be able to access post-secondary otherwise.
The program awards 30 scholarships annually valued at up to $34,000 each. Recipients also receive summer internships at YMCA branches.
“Since the CIBC Youthvision Scholarship program was created, we have awarded scholarships to 270 Grade 10 students,” said Gerry McCaughey, chief executive officer of CIBC. “This program provides teens with the opportunity to build strong futures. It is part of our commitment to investing in the education, development and growth of Canada’s youth.”