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Santander Universities awards 100 scholarships through the Santander Formula Programme 2015

  • University students receive scholarships for the equivalent of €5,000 each, plus a course abroad, for one semester.
  • Two-time Formula 1 champion Fernando Alonso and the President of Santander Brasil, Jesus Zabalza, awarded the scholarships to the students this Friday at Interlagos International Speedway.
  • A record number of persons applied, 11% more than in 2014.

São Paulo, 13 November 2015.- On Friday, Santander University, through the President of Santander Brasil, Jesús Zabalza, and two-time world champion race car driver Fernando Alonso, delivered 100 scholarships at the sixth Santander Formula Programme to students from 47 Brazilian universities that have agreements with the Bank. The awardees received scholarships for the equivalent of €5,000 each, plus a course abroad lasting one semester. The students may select one of 1200 universities throughout the world that have agreements with Santander. The ceremony took place during the Formula 1 Brazil free practice session at the Interlagos Speedway, in São Paulo, and it was also attended by the presidents of the leading universities in the country and executives of Santander.

After the award ceremony, the awardees were allowed to visit the pits and watch the Formula 1 Brazil GP free training.

“We believe that the best way to make a contribution to the country is to invest in education. Without quality education, it is not possible to develop free, creative and fair societies. The Santander Formula Programme coordinates a broad network of academic cooperation, and has become one of the most sought-after initiatives of those that we promote”, said the President of Santander Brasil, Jesús Zabalza.

During the ceremony, Fernando Alonso said: “I am pleased to support Banco Santander’s scholarships. Its international commitment to universities is unique in the world. I encourage students to make the most of the scholarships and their time abroad to grow in their learning and make their dreams come true”.

This year saw a record number of applicants, 18,864, or 11% higher than the total for 2014.  An indication of students’ interest is the fact that the ratio of applicants per award was higher than the ratio of candidates to openings (55) in the admission exam for the Fuvest School of Medicine, Brazil’s entrance exam with the highest number of applicants.

The Santander Formula International Scholarship Programme is an international mobility initiative focused on graduate and undergraduate students that benefits Brazilian, Spanish and British universities. One hundred scholarships are given per year to students with outstanding academic qualifications and from a disadvantaged socio-economic background. The funds provided through the scholarships are used to cover transportation and room and board, given that the course is provided according to an agreement between sending and receiving universities. In addition, some institutions abroad offer university residence. 

 “I believe that internationalisation is a strategic activity for students’ academic and personal development, which will set them apart in the labour market”, Jamil Hannouche, head of Santander Universities in Brazil, stressed.

More information is available at www.santanderuniversidades.com.br/bolsas, which lists the students and universities named in 2015 to receive scholarships in 2016.

About Santander Universities
Banco Santander is the largest investor in education in the world (Varkey/UNESCO report – Fortune 500). The initiative is backed by Santander Universities, which has 1,200 cooperation agreements in place with universities and institutions worldwide. The bank currently has 448 agreements with universities throughout Brazil.

In 2015, Santander provided more than 35,000 scholarships, study stipends and internships, and between 2016 and 2018 it is expected to award more than 128,800 scholarships. It supports more than 3,900 university projects every year and by 2018 it will have earmarked more than €1.7 billion to support higher-education projects.

More information is available at www.santanderuniversidades.com.br 

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