Yale School of Management will hold a town hall meeting Thursday in New Haven, Connecticut, to present a case study about communities that offer place-based scholarships, including the El Dorado Promise.
Murphy Oil Corp.’s $50 million college scholarship program pays tuition and fees for graduates of El Dorado High School who go on to an accredited college. The payout is based on the highest tuition and fees at an Arkansas public university. Since it was announced nearly eight years ago, 1,444 students have received the Promise scholarship.
Former President Bill Clinton spoke at El Dorado High School's sixth annual Academic Signing Day. The ceremony recognized El Dorado-based Murphy Oil's $50 million scholarship fund, and more than 300 seniors who will take advantage of the generous tuition scholarship. The scholarship director says over the past five years, the Promise Fund has paid out $8.5 million in tuition costs for nearly 1,000 El Dorado High School graduates.