Cooperman College Scholars was established in 2015 for students residing and attending public schools in Essex County, New Jersey. The award consists of up to $9,000 a year on a last dollar basis for students attending College of New Jersey, Franklin & Marshall College, Rowan University, or Rutgers University. Students receive up to $2,000 per year at non-partner institutions. Students are targeted in 11th grade and must meet income and merit requirements. The program is funded by the Leon and Toby Cooperman Family Foundation.