For Immediate Release                      Contact:   Gail Towns              or           Tara Strickland
                                                                                   732.987.2266                          732.987.2291
                                                                                    gtowns@georgian.edu         tstrickland@georgian.edu

OceanFirst Foundation Awards $50K Grant to Georgian Court

Grant Will Help 20 Students Reach Their Dream of a College Education

Lakewood, N.J., Jan. 19, 2010—OceanFirst Foundation of Toms River has awarded a $50,000 grant to Georgian Court University for scholarships that will help high school graduates from the Jersey Shore area pursue higher education. Georgian Court is one of four area colleges and universities to receive a share of the $200,000 that OceanFirst Foundation awarded for scholarships for tuition, fees and books to incoming full-time freshmen for the fall semester of 2010. GCU will evaluate scholarship applications and select 20 recipients to receive $2,500 awards. Selection decisions are made completely independent of OceanFirst Foundation. Scholarship applicants must reside and graduate from a high school within OceanFirst Bank’s market area, which includes all of Ocean County, select communities in Monmouth County, and Monroe Township in Middlesex County.

“Georgian Court University has always worked hard to help students find ways of financing their college dreams,” says GCU President Rosemary E. Jeffries, RSM, Ph.D. “Through the generosity of the OceanFirst Foundation, 20 deserving GCU freshmen this fall will be one step closer to their goals.”

Admissions counselors at GCU point to the OceanFirst grants as a prime example of the unique resources available to students in search of college funding. Throughout the year, GCU officials encourage applicants to do their homework by thoroughly researching scholarships, grants, and other financial aid.

“We understand many of the financial challenges families face when confronted with the escalating cost of higher education and we are delighted to be able to help students achieve their dream of attending college," said John R. Garbarino, president and chairman of OceanFirst Foundation and president, chairman, and chief executive officer of OceanFirst Bank.

Increasingly, students are looking for funding to underwrite the cost of higher education. The economic crunch, coupled with high unemployment in New Jersey, means more students are looking for more aid.

The next few months are especially busy for high school seniors who are applying for admission to Georgian Court and for families nationwide who are working to complete the Free Application for Federal Student Aid (FAFSA).

The deadline for submitting an application to Georgian Court University is March 1, 2010. To learn more about the scholarship program, eligibility requirements, how to apply and to obtain an application, visit www.oceanfirstfdn.org. Applications are also available at Georgian Court.

Minimum Eligibility Requirements

  • Applicant must be an incoming full-time freshman for the Fall 2010 semester.
  • Applicant must be a graduate from a high school within the OceanFirst Bank market area. Please refer to the application for a list of eligible school districts.
  • Applicant must currently reside in the OceanFirst Bank market area. Please refer to the application for a list of communities in the OceanFirst market area that meet the residency requirement.
  • Applicant must have a minimum GPA of 3.0 at the time of application for admission and must provide a copy of their high school transcript.
  • Applicant must submit the Free Application for Federal Student Aid (FAFSA). If you have not completed the FAFSA, please go to www.fafsa.gov to complete the online application.

About OceanFirst Bank and Foundation
Since its founding in 1902, OceanFirst Bank has built a solid reputation and legacy as a good neighbor and responsible corporate citizen. The bank’s strong commitment to helping families, organizations, schools and communities throughout central New Jersey meet their financial needs has spanned several generations reaching new heights in 1996 with the creation of OceanFirst Foundation. The Foundation provides grants to organizations that meet community needs within the OceanFirst market area. In 2009, OceanFirst Foundation contributed more than $1.2 million to community initiatives, and since its inception has contributed more than $20 million to over 600 local charities in Ocean, Monmouth, and Middlesex counties.

About Georgian Court University
Founded in 1908 and sponsored by the Sisters of Mercy, Georgian Court University is a comprehensive university with a strong liberal arts core and a special concern for women. A forward-thinking university that supports diversity and academic excellence, Georgian Court serves over 3,000 students of all faiths and backgrounds in a residential Women's College and a coeducational University College with undergraduate and graduate programs. Georgian Court's main campus is located at 900 Lakewood Avenue, Lakewood, N.J., on the picturesque former George Jay Gould estate, now named a National Historic Landmark. Georgian Court also offers classes at its site at One Woodbridge Center in Woodbridge, at Coastal Communiversity in Wall, and at Cumberland County College in Vineland.

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