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West Long Branch, NJ (January 18, 2012) Monmouth University has been awarded $50,000 for student scholarships by the OceanFirst Foundation of Toms River.  The grant provides scholarships for tuition, fees, and books for full-time freshmen who graduated from high schools in Monmouth and Ocean County. Scholarship recipients will each receive $2,500 awards.

President Gaffney stated: “Thank you to the OceanFirst Foundation for its generous support of Monmouth University and higher education. The scholarships help many exceptional students from the local area to achieve their dream of a college education.”

This is the second year that Monmouth University has participated in the scholarship program and has received $100,000 in total toward the scholarship program.

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 2010, OceanFirst Foundation contributed more than $1 million to community initiatives, and since its inception has contributed more than $21 million to over 60 local charities in Ocean, Monmouth, and Middlesex counties.