Prudential Financial Commits $10M to Rutgers University-Newark Program, Headed by Alum Timothy Eaton

Newark, NJ (May 7, 2019)—Rutgers University-Newark Chancellor Nancy Cantor announced today that Prudential Financial has committed $10 million to the Honors Living-Learning Community (HLLC) at Rutgers-Newark – the largest donation ever to Rutgers-Newark – to create the Prudential Scholars Program for Newark residents. The gift will create cohorts of Newark residents in the HLLC known as Prudential Scholars and provide them with scholarships to cover tuition and fees, as well as room and board, during their full-time study at Rutgers–Newark. The Prudential Scholars will have access to resources to help them build their entrepreneurial skills and the social networks to empower them to become agents of positive change in the city. Tim Eatman, inaugural Dean of the HLLC, sees investments like Prudential’s as significantly advancing efforts to realize the vision to develop and activate the HLLC as a national model.