![]() ![]() For more information, e-mail or call (401) 278-9100. To apply for the Wavemaker Fellowship, please visit. The program is part of the Governor's broader effort to make education more affordable and train a workforce with the skills to succeed in the 21st-century economy. The maximum annual credit is $6,000 for graduate degree holders, $4,000 for bachelor's degree holders, and $1,000 for associate's degree holders. Full lists of past award winners can be found here. Applicants were evaluated on a variety of criteria, but most importantly by their pursuit of careers in key advanced industries and the impact of the award on the applicants' decisions to stay and work in Rhode Island. The first five iterations saw 893 professionals awarded student loan repayment for at least two years, with an average award of approximately $3,700 per year. This is the sixth round of Wavemaker Fellowship awards. The Wavemaker Fellowship program opened for applications in May 2016 to provide a financial incentive for RI graduates to stay in-state for a job or to start a business. Past events include Homebuying 101, personal finance classes, and volunteer opportunities. In addition to student loan relief, the program also provides educational and networking opportunities, engendering increased connections and opportunities in Rhode Island. Previously, the program required the applicant to have already accepted a job offer or begun working in Rhode Island. The program will also grant applicants an "early action" opportunity, which allows graduating seniors with a pending job offer to apply to the program. We are pleased that the program is making applications available once again." ![]() In addition, this program has helped develop a strong cohort of Wavemaker Fellows who have built strong and long-lasting connections to the Ocean State. This program gives our business community a competitive edge while also giving individuals needed relief from student debt. ![]() "Companies consistently tell us that it's a top priority for them to attract a skilled workforce in the STEM and design fields. "The Wavemaker Fellowship program is a proven differentiator in the fight for STEM and design talent," said R.I. "Student debt is one of the biggest burdens facing our college graduates," said McKee "The Wavemaker Fellowship is an innovative and important program that not only provides relief for our graduates and helps Rhode Island retain our skilled STEM and design talent, but it's also a great recruiting tool for our local companies."Ĭommerce Sec. GET THE LATEST BREAKING NEWS HERE - SIGN UP FOR GOLOCAL FREE DAILY EBLAST More information, including the application, is available HERE. The Wavemaker Fellowship awards graduates working in STEM and design jobs in Rhode Island with a refundable tax credit that can cover student loan payments up to $6,000 per year for up to four years. With Governor McKee’s leadership, Rhode Island’s economy has made an historic comeback focused on getting Rhode Islanders back to work and increasing incomes so that all Rhode Islanders can live, work and raise a family in the Ocean State.Rhode Island Governor Dan McKee and Rhode Island Commerce on Tuesday announced the re-opening of applications for the Wavemaker Fellowship program - a competitive student loan reimbursement program for recent graduates working in STEM (Science, Technology, Engineering, and Mathematics) and certain design fields. Investing $100 million towards two of the state’s biggest economic drivers – the blue economy and life science industries Investing in projects that create construction jobs, put Rhode Islanders to work and improve the basic infrastructure that residents, communities and businesses rely onĮxpanding the Wavemaker Fellowship program to encourage more students to earn their degree and enter the workforce in Rhode IslandĮnhancing Real Jobs RI with a $30 million boost to reduce barriers to employment and connect skilled workers with good-paying career opportunities To get Rhode Islanders back in the workforce with the skills they need to earn good-paying jobs, Governor McKee is: Governor McKee has committed to continuing that momentum. Today, Rhode Island has the best economic recovery in the entire Northeast, and the state is seeing its lowest unemployment rate in decades. When he took office, Rhode Islanders were out of work and the economy was stalled. ![]() Governor McKee knows that Rhode Islanders want to work hard and build a better life for their families. ![]()
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