 . . . June 1995
Unlike Professor White's students in the 1860s, today's students face a college education pricetag that can easily seem out of reach. Tuition for undergraduates is 250 times what students of the mid-1800s paid, and for out-of-state students costs have multiplied 527 times. Now "working one's way through college" is but one component-rather than the sole means-of financing a college degree.
As the cost of providing education has increased, so have the University's efforts to see that students obtain adequate financial aid. Scholarships complement federal and state grants and loans, and provide varying levels of support to meet the needs of individual students. Some scholarships are awarded on the basis of need, others on merit, and still others on a combination of merit and need.
Scholarship funds are primarily supported by gifts of any amount from individual and corporate donors and often honor alumni, mentors or loved ones.
The Campaign for Michigan seeks $125 million to increase the number and the amount of scholarships and fellowships offered to University of Michigan undergraduate and graduate students.--RK.
For information on making a gift to U-M scholarship funds, contact the Campaign for Michigan at (313) 998-6000 or the Office of Financial Aid at (313) 763-4119.
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Ranging from one-time honorariums of $250 meant to supplement other forms of aid, to programs like the Colton and Bentley scholarships, which cover all or a major portion of four-year expenses, Michigan's network of financial assistance has made it possible, year after year, to meet the full financial need of Michigan residents-and some nonresidents-who apply and qualify for aid.