Ohio State launches Ohio Scholarship Challenge
January 17, 2013
As part of a continued commitment to Ohio’s college students and families,The Ohio State University is launching a new fundraising campaign that will support students from all 88 Ohio counties.
“The Ohio Scholarship Challenge” seeks to raise $100 million in general undergraduate scholarship dollars for Ohio State students at all campuses, regardless of major. Named one of the nation’s best values by Kiplinger’s Personal Finance, Ohio State is committed to keeping tuition affordable and to providing competitive student aid packages. When complete, the Challenge will create a full-tuition endowed scholarship in each county, and also generate important current use scholarship dollars.
“Our land-grant mission calls for us to be the front door to the American Dream for talented young people, regardless of their families’ financial circumstances,” said Ohio State President E. Gordon Gee. “These scholarships will give students from all corners of our state a unique opportunity to realize their full promise and potential and contribute to Ohio’s future.”
The fundraising effort is co-chaired by Ohio State head football coach Urban Meyer and head men’s basketball coach Thad Matta as well as other volunteers from across Ohio.
“When I was a graduate student here, financial aid is what made the difference for many Buckeyes. It still makes the difference,” said Meyer. “This is an important campaign. It is important to the university and it is important to Ohio. Ohio State is committed to providing competitive student aid packages, and The Ohio Scholarship Challenge is one way to increase the amount of aid available to students each year.”
Ohio State head men’s basketball coach Thad Matta agrees. “The Ohio Scholarship Challenge is an exciting campaign for a lot of reasons,” says Matta. “It’s about helping Ohio State students and future students from across the state. The campaign will create a full-tuition endowed scholarship in each of Ohio’s 88 counties. And like our basketball team, the campaign will continue until the goal is reached.”
The university seeks individuals, organizations, and groups to answer the Challenge by donating and/or raising undergraduate scholarship dollars for students from their area: county, city, high school, or some combination. These gifts may be given as either current use or endowed scholarships. As an incentive to create new general scholarship endowments, the university will match the endowment payout for four years for donors who accept the Challenge.
Unlike many of Ohio State’s existing scholarships, scholarships funded by the Challenge are transferrable between majors and portable between campuses, so that a recipient keeps the scholarship regardless of major or campus attended. Scholarships are renewable for up to four years as long as the student remains in good standing at Ohio State.
Last year, Ohio State awarded approximately $462 million in student financial aid to undergraduates and nearly three quarters of all Ohio State undergraduates received some sort of aid.
Gifts to The Ohio Scholarship Challenge support the university’s But for Ohio State fundraising campaign. In October 2012, the university launched a $2.5 billion university-wide campaign to raise funds for five priority areas: placing students first, elevating faculty and the academic enterprise, creating modern learning environments, emboldening our research agenda, and driving high-impact innovation.
To learn more about giving to the Ohio Scholarship Challenge, see giveto.osu.edu/Challenge.