The University System of Georgia (USG) Foundation is launching a new scholarship to close financial aid gaps for college students. The DREAMS Scholarship debuted at the 21st annual Regents’ Scholarship Gala, where the foundation raised more than $4.5 million to expand need-based aid.
The scholarship will help students cover essential college costs not covered by HOPE or other aid. Eligible undergraduates can receive up to $3,000 a year. Funds can be used for tuition, housing, food, books, or other basic needs.
“Georgia’s new DREAMS Scholarship Program offers more than just financial support — it represents an investment in our students, communities and future,” said USG Chancellor Sonny Perdue. He said that by helping to close the gap between the cost of college and what families can afford, this program expands access to higher education for those who need it most. “At the same time, it strengthens our state’s talent pipeline, ensuring that more graduates are prepared to contribute to Georgia’s workforce, drive innovation and build a stronger economy for generations to come,” added Perdue.
The first DREAMS Scholarship was awarded to Giuli Capparelli Sanabria, a Georgia Tech junior studying biology.
Research shows the need is urgent. More than half of college students nationwide say they could not cover a $500 emergency. Students who avoid financial setbacks are three and a half times more likely to graduate.
DREAMS is designed to complement the HOPE Scholarship by addressing unmet financial need. It also promotes responsibility by requiring part-time work or volunteer service and offering financial literacy education.
The program launched with $2 million in seed funding from the Truist Charitable Fund. Long term, it aims to support students across both the USG and the Technical College System of Georgia.
