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The E. Eugene Carter Foundation primarily provides financial support for undergraduate female engineering students at public universities, with a focus upon students who (1) are of Latina origin, recent immigrants, first generation to college; (2) have sophomore standing; (3) have demonstrated financial need.

The Carter Opportunity Awards provide funds to public universities to repay federal direct subsidized loans upon completion of an awardee’s undergraduate degree in engineering.

By 2020 Q1, over 250 Awardees have been financed and over 140 students have graduated.