The Governor's Wisconsin Covenant initiative is getting a financial boost.
A $40 million endowment from the Great Lakes Higher Education Guaranty Corporation will help establish a new foundation, aimed at providing financial aid for students who sign the Wisconsin Covenant. The money will help provide financial assistance to students who sign the Covenant and meet the educational goals it requires.
Carla Vigue, a spokesperson in the Governor's office, says the endowment will hopefully be the first of many. She says the board established to oversee the fund will be working to get additional private money added to it.
Vigue says the endowment is an important part of the Covenant's promise to provide financial aid to students who fulfill the pledge.
