Scholarship Initiative

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• Scholarship Initiative

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Rising Costs and the Aggie Experience

• Financial Comparisons Then and Now
• Annual cost of attending Texas AM
• In 1980 2,911
• In 2008 19,950

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Rising Costs at Texas AM

• Dwindling State Appropriations
• 1992 45 of budget from state
• 2007 26 of budget from state
• Necessity to raise tuition
• In early 80s, tuition was 4 per semester credit
  hour
• Today, tuition is 160 per semester credit hour
• For average course load in 1980, students paid
  203 (tuition and mandatory fees)
• Today, that cost is 3,922

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Rising Costs at Texas AM

• Nationwide, state appropriations for higher
  education are at a 25-year low
• In absolute dollars, state appropriations to AM
  have increased over time, but have not kept up
  with inflation and rising costs associated with
  operating a university
• Enrollment in Texas public colleges and
  universities has increased at a rate greater than
  the national average, making it even more
  difficult for the state to finance higher
  education

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Rising Costs at Texas AM

• Texas higher education funding seems quite
  large, but when broken down into a per capita
  amount, it is actually very low compared to other
  states
• Further complicating the picture in Texas are the
  sheer numbers of higher education institutions
  competing for state funding, including community
  colleges

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Financial Challenges of Todays Students

• Many universities are providing students with
  scholarships in lieu of loans. To remain
  competitive, we must offer strong scholarship and
  graduate fellowship support
• More than half of todays AM students take out
  loans graduating with an average debt of 19,981,
  which impacts decisions to attend graduate school
  or career plans, and diminishes future
  philanthropy
• Student employment detracts from the Aggie
  Experience (51 of students not involved cite
  work commitments as primary reason)

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• Scholarship Initiative Goal 300 million
• The initiative will
• Bring top high school grads to AM
• Enhance our reputation and the value of a degree
• Attract highly qualified graduate students
• Permit more students to study abroad
• Create a multicultural campus environment
• Enable students to participate in student orgs

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Spirit Mind

• Graduate Fellowships - 150,000-300,000
• Undergraduate Scholarships
• Presidential Endowed Scholarship (PES) - 100,000
• Regents Scholarships - 100,000
• Foundation Excellence Award (FEA) - 50,000
• Endowed Opportunity Award (EOA) - 25,000
• Global Study Scholarships - 25,000
• College Department Based Scholarships - 25,000

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Methods of Giving

• Current Gift
• Matching Gift
• After-your-lifetime planned gift (IRA, life
  insurance)
• Dual-benefit gift (Charitable remainder trust)
• Retained life estate gift (real estate)
• Charitable lead trust

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