The Texas A&M University System Board of Regents created a special $100 million scholarship fund with the goal of making the A&M System’s 11 universities better reflect the state’s demographics.

The scholarship program is to address diversity issues as well as concerns of students who are first-generation and/or from low-income families in the wake of economic uncertainty associated with COVID-19, current unemployment rates and families’ depleted emergency savings.

“Historic chal...