Many families struggle to pay for their children’s college education, threatening the foundation on which so many promising futures are built.
Carolina has seen the number of our undergraduate students receiving need-based aid jump from 32 percent to 42 percent since The Great Recession of 2008-09, straining both the financial resources of our families and the University as well.
But helping these young people is not charity, it’s much more. They help us, too, adding significantly to the quality of Carolina’s student body. Consider the enrolling class of Fall 2013 (seniors in May 2017): Without them, Carolina 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 Named Need-based Scholarship
An expendable gift can be used immediately to help cover needs 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 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 the Office of Development for Scholarships and Student Aid at SupportScholarships@unc.edu or 919-445-0933 to discuss establishing a named need-based scholarship.
Please contact the Office of Development for Scholarships and Student Aid.