A Washington, D.C., couple donated $2.5 million to Loyola University Maryland to create a scholarship fund for junior and senior students, the college announced Tuesday.
Joanna Armiger Edwards, a licensed clinical psychologist, was born in Baltimore and earned her MBA from Loyola in 2000. Her husband, Stuart W. Edwards, was a U.S. Navy officer and worked as a consultant to the petroleum, banking, and government services sectors until 2012. He is currently enrolled in Loyola's Master of Theological Studies program.
The scholarships will be awarded based on financial need and academic merit, but specific requirements are still being determined. It has not yet been decided how many scholarships will be awarded annually.
The gift brings Loyola to $66 million of its $100 million fundraising goal called Bright Minds, Bold Hearts.
"Educated men and women raise educated families," Joanna Armiger Edwards said in a statement. "Both of us feel very committed to the idea that education is the answer, and the more access to education there is to a much wider variety of people, the better our community and our nation will be."