UI Launches $100 Million Fund Drive for Student Scholarships
With a $2 billion fundraising project nearly complete, the University of Illinois is turning its attention toward raising money for students in need.
Leaders at the university are launching a campaign to raise $100 million over the next three years to assist students who would otherwise be eligible for state assistance. The state's Monetary Award Program has faced several years of hardship, and last year MAP turned down more than 100,000 requests for aid.
U of I Foundation spokesman Don Kojich said the new "Access Illinois: The Presidential Scholarship Initiative" may evolve into an ongoing appeal.
"We're really going to focus the next three years on the scholarship initiative and see how much of dent we can make in that unmet need, and then evaluate it as we move forward," Kojich said.
The university is unveiling the new fund drive Thursday morning before the Board of Trustees meeting in Chicago. Among the first donations will be a $100,000 gift from President Michael Hogan and his wife, Virginia.
Kojich said students in all three U of I campuses could be eligible for help from the fund. The money may supplement an existing scholarship program or could be based on any need- or merit-based criteria.