Penn will select 10 students each school year from various institutions who will receive scholarships.

US News reports.

Partnership Sends Minority College Students Abroad

Socioeconomic factors often hinder minorities from studying abroad, experts say.

The college student population has become increasingly diverse in the last few decades, but white students are still the majority of undergrads who study abroad.

Only 8.3 percent of Hispanic college students and 5.6 percent of black undergrads typically study abroad, according to the Council on International Educational Exchange. About 300,000 students of all backgrounds study abroad each year, the council stated in a recent report.

Lack of money and familiarity with college study abroad programs are often obstacles for many minorities who want to enroll in an academic program overseas, experts say.