GLEN COVE, NY - On Sunday, March 18th Webb Institute presented its first Glosten Associates Scholarship Award to Mr. Robin S. Rose of Monroeville, PA. Mr. Rose is a member of the Class of 2009 and is ranked number one in his class. Webb Institute’s President, RADM Robert C. Olsen, Jr., USCG (Ret.) along with Mr. William Hurley, President of The Glosten Associates, presented the award to Mr. Rose.

Dr. Lawrence R. Glosten (Webb ’40) and Lois ("Pete") Glosten, founders of The Glosten Associates, Inc. of Seattle, WA along with many Webb Institute alumni employed at The Glosten Associates made generous donations to create this room and board scholarship. Since all tuition costs for Webb students are covered by the school, the only expense to the student is room and board along with books. The scholarship award covers room and board for a worthy student.

Dr. Larry Glosten Jr., the S. Sloan Colt Professor of Banking and International Finance, Chair of Finance and Economics Division at Columbia University, Graduate School of Business was there to represent his parents. During the ceremony, he stated that his father is indebted to the school for providing a free education in Naval Architect and Marine Engineering. For without this exceptional education, his father would not have gone on to found The Glosten Associates.

President Olsen stated during the award ceremony, “Webb Institute is fortunate to have the support of The Glosten Associates. This scholarship is a wonderful addition to Webb Institute in its Mission to educating the brightest students.”

After the award was presented, Mr. Rose stated, “I am deeply honored to receive this award. It is nice not to have to worry about money while trying to studying – the burden has been lifted.”

Webb Institute was established by William H. Webb in 1889. Webb provides all its students with a full-tuition scholarship thereby assuring highly capable students the opportunity to get an excellent education regardless of financial means. The students obtain a high quality engineering education while gaining professional competence in naval architecture and marine engineering through a series of industrial internships.

Graduating students earn a dual degree that requires the completion of 146 credit hours within four years of enrollment. You may view more information on Webb Institute at www.webb-institute.edu.