RI General Treasurer Seth Magaziner helps Read to Succeed award $215,000 in college scholarships to South Providence 4th, 5th, 6th, and 7th grade students
PROVIDENCE, R.I., Rhode Island General Treasurer Seth Magaziner joined Read to Succeed scholars this week as they received their $1,000 college scholarships for completing Read to Succeed’s summer reading program. Ceremonies for the students of Community Preparatory School, Bishop McVinney Catholic Elementary School and Highlander Charter School were held this week.
Students were be joined by parents, grandparents, donors and educators to celebrate their success with summer reading. Two hundred fifteen students, from 4th to 7th grade, successfully completed the Read to Succeed innovative literacy program this year and each earned a $1,000 college scholarship, a framed certificate of completion and a medal.
“As a former teacher myself, I have seen how important year-round learning can be to a student’s success”, said Rhode Island General Treasurer Seth Magaziner. “The scholarships that students earn with the Read to Succeed program provide an additional incentive to achieve academic success.”
“Reading is a skill that will advance you through life. Ralph and I are so proud of the students’ commitment and enthusiasm. This has been our most successful year yet!” stated Barbara Papitto, President of Read to Succeed, founded in 2008 by Rhode Island businessman and philanthropist, Ralph Papitto.
Each of the 215 students read six books over the summer from a list provided by their teachers, and purchased by Read to Succeed. After passing a comprehension exam for each book, these students became eligible for a $1,000 scholarship in their own Rhode Island CollegeBound Saver account, the state’s 529B college saving plan. At the ceremony, the students will be awarded a framed certificate of completion.
According to the National Summer Learning Institute, all young people experience learning losses when they do not engage in educational activities during the summer. Low-income students lose more than two months in reading achievement despite the fact that their middle-class peers make slight gains. National research shows that children with a college savings account – even accounts with less than $500– are three times more likely to go on to college and four times more likely to graduate.