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ROCHESTER, N.Y. - Wegmans Food Markets, Inc. here has presented 1,273 of its employees with scholarships this year to help with college tuition costs. The grocer will pay $4.6 million for the 2007-2008 academic year for both the new recipients and previous scholarship recipients who are still attending school.
Part-time employees get up to $1,500 a year for four years, while full-time workers receive up to $2,200 a year for four years. To qualify, employees must work a minimum number of hours over a specified time period, while also performing well at school and on the job.
While scholarship winners can choose any field of study they want and upon graduation can enter any profession, "many...decide to stay with Wegmans after college...and pursue careers within the company," the retailer noted in a statement. "Of Wegmans' 70 current store managers, 21 are previous scholarship recipients."
An outside committee of college admissions professionals and a team from Wegmans assess applications to choose the scholarship recipients. While the external committee considers such factors SAT scores, grades, and extracurricular activities; the Wegmans committee looks at job performance.
Since it was instituted in 1984, the Wegmans Employee Scholarship Program has awarded over $63 million in tuition assistance to aid more than 20,000 employees in attending college, according to the company.
Wegmans operates 70 stores in New York, Pennsylvania, New Jersey, Virginia, and Maryland.