T&T resident wins first Payless schol to University of Miami
Chantal Newallo is the first recipient of the Payless ShoeSource (Payless) scholarship to the University of Miami (UM) School of Business.
The 20-year-old Trinidad and Tobago resident was chosen from among eligible applicants from the Caribbean and Latin American countries in which Payless is offering the scholarship: Costa Rica; Dominican Republic; El Salvador; Honduras; Guatemala; Nicaragua; Panama; and Trinidad and Tobago (TT).
Payless ShoeSource (BVI) Holdings Limited established the scholarship fund in 2009 with a cash contribution of US $500,000.
"It has grown to $628,000 (and) it is our intention to supplement the fund by annual contributions so that it becomes self-sustaining within ten years," Payless said.
The company intends to "achieve the growth in beneficiary population" from one scholarship and three grants this year, to three scholarships and eight grants in year four, then to five scholarships and 12 grants "when the fund matures to the position of sustainability."
Payless said the scholarships will be awarded on academic and needs criteria while the grants will be awarded to UM students on a needs basis.
The scholarship recipient must be an applicant to the UM School of Business who not only demonstrates financial need, he/she must maintain above average grade point average; applicants must have the equivalent of an "A" average in secondary school and rank in the top five percent of their class.
The scholarship is awarded by UM's Office of Financial Assistance Services, with the assistance of its Office of Admission.
Selected in 2016, Newallo is currently pursuing a degree in Geological Sciences with minors in business, mathematics and psychology.