MBNA Corp. is committing financial and educational support to students and schools in Delaware through its newly created MBNA Delaware Scholars Foundation.

An initial five-year financing of $30 million from the corporation and its officers will fund the Excellence in Education Grants Program and the MBNA Delaware College Scholarship Program.

Teachers and principals of Delaware schools will receive grants, with special consideration given to programs for economically disadvantaged children.

The scholarships will provide tuition assistance at any accredited four- year Delaware college or university.

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