A new scholarship program at Duke University will benefit graduates of the N.C. School of Science and Mathematics, the university announced Monday.
The scholarship fund was created with a $1 million gift from Sean Fahey, a graduate of both schools and co-founder of Claren Road Asset Management, an $8.5 billion credit hedge fund manager.
One student in each Duke class will benefit from the program, which will provide full and partial scholarships to NCSSM graduates who demonstrate academic achievement and financial need. It’s the largest gift of its kind to a North Carolina university to support graduates of NCSSM.
Thirty-eight NCSSM graduates are currently enrolled at Duke; 77 have earned Duke degrees in the past five years.
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NCSSM became the first public residential high school in the nation for science, technology, engineering and mathematics (STEM) education when it opened in 1980 in Durham. It is tuition-free and serves high school juniors and seniors.