We’ve seen the damage here at Carolina. Since the Great Recession hit in 2008-09, the number of our undergraduate students receiving need-based aid has jumped from 32 percent to 42 percent.
But helping these young people amounts to more than charity. Much more. They help us, too, adding greatly to the quality of Carolina’s student body. Consider the enrolling class of Fall 2013: Without them, we would have had 15 percent fewer students who graduated in the top 10 percent of their high school class, 13 percent fewer who ranked in the top 10 and 5 percent fewer who were either valedictorian or salutatorian. The class’s average SAT would have dropped 30 points, from 1,308 to 1,278. Also, 10 percent fewer would have been first-generation college students, and 9 percent fewer would have hailed from underrepresented minorities.
Moreover, research shows that financial aid not only helps students afford college, it helps them succeed in college. An analysis of data collected in the Education Longitudinal Study of 2002 found that low-socioeconomic-status students who received some form of financial aid in their first year were nearly 50 percent more likely to get through that year than students who did not receive such aid. (Source: “Colleges Can Reap Educational Gains by Steering More Aid to the Needy, Studies Suggest,” “The Chronicle of Higher Education,” Nov. 4, 2009)
And according to the Pew Research Center, those who go on to get at least a bachelor’s degree earn 38 percent more than those with just a high school diploma.
Establish a nameable Need-Based Scholarship
An expendable gift can be spent immediately to help us cover a need in the near term; an endowment gift supports students forever because your gift is invested, generating perpetual income.
Expendable: $50,000, payable over five years, establishes a named expendable fund used to help with college expenses
Endowment: $100,000, payable over five years, establishes a named endowment fund used to help with college expenses
Contribute to the Need-Based Scholarships General Fund
Gifts of any size may be made online to the fund and, because your donation will be expendable, we can use it immediately. That means your generosity will join others’ to add up to make a significant difference right now for deserving and outstanding students who want to attend Carolina—and whom we want on our campus.
Make Your Gift
Please contact Terri Hegeman, director of development for scholarships, student aid and access, at email@example.com or 919-962-4385 to discuss establishing a nameable Need-Based Scholarship.
Please contact Terri Hegeman.