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Scholarship targets low-income Chinese students
By Victor Wang (original source Yale Daily News)
“The inaugural class of Yale SOHO China Scholars gathered with University officials and donors Saturday to celebrate the launch of the $10 million scholarship program at Yale.
Yale is the second school to take part in the SOHO China Undergraduate Scholarship Fund, after Harvard University, which introduced its program last year. A broader $100 million endowment fund was created in 2014 through the SOHO China Foundation, an organization funded and operated by SOHO China, the nation’s largest prime office real-estate developer. The fund aims to encourage low-income Chinese students to apply to elite American universities, and has awarded scholarships to seven Yalies from China this year. The Yale SOHO scholars were joined at the Saturday event by University President Peter Salovey, former U.S. Ambassador to China Gary Locke ’72, four Harvard SOHO scholars and the foundation’s co-founders, Chinese billionaires Zhang Xin and Pan Shiyi.”
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