Horton University is committed to providing affordable, high quality education and increasing educational attainment through excellence in teaching and service. While it is always a priority to be fiscally responsible, it is of particular importance during times of economic downturn. In an effort to provide long-term financial stability, it is necessary to develop and implement a budgetary process that aligns with and supports the institution’s strategic plan. While the University is maintaining its stability with current donors, it is not increasing in large contributions as desired. This is of particular concern because an increase in state appropriations is unlikely while the increase of student tuition and operational costs is very …show more content…
Review of budgets will be on a fiscal year basis.
Horton University serves a diverse population, many of whom rely on outside financial resources to fund their education. In an effort to provide need-based scholarships to deserving students, the institution will implement a “last dollar” scholarship program to students who have demonstrated academic excellence. Those students who receive enough financial aid to cover all tuition costs will not be eligible for the scholarship. As a result, the scholarship will afford the opportunity for more students to attend the institution tuition free rather than further stacking financial aid awards. As outlined by the Board of Visitors, students must be in-state first-generation college students, exceed minimum admissions standards, and not be able to financially able to afford tuition costs. In order to comply with the latter, the student’s Expected Family Contribution (EFC) must fall within a range that makes them ineligible for full Pell, but still leaves a gap fee to be paid.
Garnering support for this scholarship program will be essential in implementation and sustainability. It is proposed that scholarship students get paired with a mentor whom invests in the student’s success. Alumni will be contacted to serve as mentors, but business and community leaders will also be actively recruited to serve. This is key in an effort for these leaders to see these students and the college in action, which
Although the programs have been in existence at the college for almost ten years and preserved the university during the financial crisis in 2008, the faculty were able to slow down progress to almost a standstill. Despite the normal disconnect in organizations, Lewis (20111) ascertained that when certain stakeholders cooperate it increases power and improves their chances to leverage influence. While the trustee board and the president’s cabinet are the genuine stakeholders, the faculty and staff and students are the essential stakeholders.
If selected for this scholarship, I will represent your organization in my college years as well as professional career. My top priority is not only to be a college graduate, but also to dedicate myself in service to others using my skills and talents. Finally, I would like to assure that your decision to award me Daniel’s Fund Boundless Opportunity Scholarship would be an invaluable asset in my current academic career path as well as to motivate me to continue my graduate study in the near future.
As a charter member of the Jefferson Scholars Foundation Shadwell Society, I am committed to encouraging reinvestment into the University of Virginia. Founded in 2012, the Shadwell Society’s mission is “to engage alumni and friends of the University and to provide support, meaningful service, and future leadership to the Jefferson Scholars Foundation.” Members serve a five- year term and pledge $2,000 per year. I have served and continue to serve the society in many capacities. As a founding member I helped shape the early mission of the foundation, as co-chair of the membership committee I oversaw the growth of the group from 14 members to 75 members, and in the Fall of 2016 when I start my two-year term as the Society’s co-chair I will
As upcoming high school seniors, many such as myself, desire scholarships in order to alleviate the financial burden that attending a university can bring. Though this considerable and generous scholarship prize money will be used to further my education at Texas A&M University, my main wish is to bring pride and satisfaction to my family. As a first generation student, I am humbled by the opportunity of obtaining an education in America. Since my parents were migrants from Vietnam and Hong Kong, a successful life here was unheard of many years before. Financial strains do occasionally plague our lives, however, we have not forgotten the strenuous hard work and sacrifice that my parents have conquered in order to put their two daughters through
Only four students went straight to the workforce, when a century ago, this was not the case. With students now consistently going straight to college after high school, state universities should be free to state residents since we have public high schools. In Kalamazoo, Michigan, students who attend high school in Kalamazoo starting in ninth grade, can have from sixty-five to one hundred percent of their tuition covered (Teicher). This is known as “The Promise.” The Promise guarantees any student from Kalamazoo a scholarship that pays either a majority or all of their tuition (Teicher). This scholarship can be used for any state school, fifteen private schools, and other state schools around the United States that are less than the highest tuition in Michigan (Teicher). Since The Promise’s first wave of scholarships, there has been definite improvements in college attendance. For black students, there has been a three percent rise in college attendance and overall forty-eight percent of scholarship recipients graduate college (Teicher). While this has shown an impact, there certainly are other factors that lead to the fifty-two percent that do not graduate, such as not being taught time management, academic skills, or how to take advantage of their sources (Teicher). Despite this fallback, “The Promise” has definitely started an era of higher college graduation rates and those who lack financial support a method of
United Methodist Church leaders have recommended a cut of $12 million from the recent budget proposed in February for the next four years, which puts its expenditures at the lowest level in 16 years, according to a UMC press release.
One prevalent issue among disadvantage students is that they lack resources or information on how to get into college. For instance, they lack knowledge on how to apply for financial aid, scholarships and other important sources for college admissions. Thus, one way that philanthropist can ensure that disadvantage students get into college is by creating workshops. In general, workshops are effective sources for learning because they are created to inform individuals and large audiences about the needed steps to address social problems. Even though, high schools nowadays have services aimed to educate our youth, we notice that most students who participate into these programs are already high achieving students and not the high-risk population. Thus, philanthropists can help our present youth by funding workshops in all low-income schools. The objective is to guarantee that our vulnerable population also have a chance to go to college. Lastly, another way that philanthropists can help the high-risk population is by funding scholarships. For example, despite that most disadvantaged students are getting into college, they still lack the resources and the financial stability to secure their positions at their schools. Therefore, scholarships are effective sources for philanthropists because they can identify and provide our least privileged students
One of the biggest challenges college students face today is debt associated by student loans. Nearly every college student will graduate with debt unless supported by academic or athletic scholarships, grants or financial aid. This issue can be addressed by encouraging students to pursue scholarships, and applying for financial aid. Though not all scholarships are capable of fully funding a student's tuition, most can help provide for fees, books, or housing. Many websites and counselors are open to providing scholarship opportunities to students who seek it. Applying for smaller scale scholarships often can result in a larger amount of money than at first anticipated. Applying for large scale scholarships are worth the time that is spent
Today, Susan Hansen, Admissions Director of East Liberal Arts College, wishes to increase tuition and reduce financial aid available to students (Brickley, Smith and Zimmerman, 2009, p. 110). Moreover, she has expressed that “increasing tuition and reducing the amount of financial aid will solve the schools financial problems” (Brickley, Smith and Zimmerman, 2009, p. 110). This will be done by “increasing an effective tuition from $15,000 to $25,000” (Brickley et al., 2009). She also projects that the tuition increase enrollment from 400 to 600 students (Brickley, Smith and Zimmerman,
Coming from a small high school and later a small college, I know now more than ever that James Madison University is the school for me. When I received a letter in the mail offering me not only an acceptance letter, but also an abundant scholarship from Elizabethtown College, a small private school, I felt I would be foolish not to accept this generous award. While I have had great experiences and have learned an abundance of knowledge in and outside the classroom during my first semester of college, I now know that to reach my full potential, it’s time to move on to a larger, more diverse campus like JMU. For me, Elizabethtown College was comfortable and reminded me of my hometown. Now I know that to be more successful, I need to step
In the area of employee welfare Chick fil-A started a Leadership Scholarship Program which offers employees a $1000 scholarship to the school of their choice. Thereby encourage employees to continue their education. It is noted that since the program’s inception in 1973, more than twenty million dollars in scholarships have been awarded (Press release, 2005).
F&M is a diverse community of outstanding individuals ready to make a difference in the world. I really want The Black Pyramid Society to implement a social entrepreneurship challenge on campus. This would ensure the amalgamation of the BPS’ three foundational pillars - Academics, Leadership, and Community Service. It would provide an exceptional opportunity for students to apply their skills and knowledge to benefit the Lancaster community. It would enable students to break the F&M bubble by tackling some of Lancaster’s biggest challenges through social ventures. It would develop and enhance the leadership of the F&M Community while at the same time giving them opportunities to serve the community. Furthermore, it would give students an opportunity
populations, retention, graduation rates, grant-funded research, full-time employee equivalency, and gross square footage of facilities” (Barr and McClellan, p. 68). Public universities usually base this model off of a formula guided by the state government. The criteria gathered is based on past research and this can make finances tight at the end of the year if everything does not line up as planned. Barr and McClellan (2011) state that incremental budgeting is informed by two assumptions “The first is that the current budget is sufficient and operating efficiently to meet the priorities of the institution. Second, it is assumed that the institution’s needs, wants, and opportunities (and therefore correspondingly its revenues and expenditures) are relatively stable from year to year” (p. 71).
In addition to my experience in advising and student affairs, I have also worked as a professional in financial aid for the past eight years. During my time in financial aid I have seen first-hand the challenges students face with the cost of obtaining a higher education degree. My role in financial aid has evolved over my career while exploring the theoretical
As a low-income student myself, I feel as it is my duty to give back to my community and inspire other students to reach success. Thus said, I plan on creating my own organization that will provide similar youth with access to resources that will help shape their future. I envision the organization offering college preparation information, career advice, health information sessions, and leadership workshops. With these aspects, I believe I will be able to help guide students onto a path of excellence, despite their social economic statuses.