Officials with Texas Tech University Health Sciences Center El Paso announced Wednesday morning that they had recently received a $2,500 gift from BBVA, which will go toward the university’s Student Frontline Emergency Fund.
“As a financial institution that is committed to the communities it serves and calls home, it is imperative that BBVA creates opportunities for those communities to thrive, especially in these times of uncertainty,” said El Paso Market President Hector Villegas.
“It was important for BBVA’s El Paso team to contribute to the fund precisely because the ongoing pandemic has created many questions for students who are trying to get their degree and develop successful careers in their lives.”
Villegas added, “We wanted to help alleviate that. This is especially important when considering that this fund helps students who are training to become homegrown health care heroes who will fight courageously against this novel virus. El Paso is a strong, united city, and we’ve faced hardships before. I want these students to know that they have BBVA’s and their communities’ continued and unwavering support during these trying times.”
The Student Frontline Emergency Fund was created to help TTUHSC El Paso students who have been financially affected by the COVID-19 pandemic. This includes students who have been unable to meet immediate and essential expenses due to temporary hardship or other unforeseen emergencies related to the pandemic.
“The financial hardships that TTUHSC El Paso students are experiencing now will not diminish once the region begins to slow the spread of COVID-19,” school officials add. “It will be critical to have various emergency funding sources available to ensure students complete their education and enter the workforce where they are needed more than ever.”
It is common for TTUHSC El Paso students to rely on service industry jobs – many in establishments that have temporarily closed – to augment their income, support their families and pay for school.
Financial aid officials estimate nearly 200 students will likely need assistance by the end of the pandemic and funds have already been disbursed to students experiencing hardships
By donating to the fund, BBVA is providing much-needed relief for current and future students affected while serving in local hospitals during their clinical rotations.
More than $90,000 has been raised for the Student Frontline Emergency Fund through grants and donations, but up to $500,000 could be necessary. Gifts like BBVA’s make the difference between a student graduating on time or dropping out due to unexpected financial burdens.
BBVA is a U.S. banking franchise with more than 680 branch locations throughout the Sun Belt region, specializing in a wide variety of personal and commercial banking, as well as brokerage and wealth management services.
Contributions to the TTUHSC El Paso Student Frontline Emergency Fund can be made .