Champaign, Ill., May 22, 2007 -- The University of Illinois College of Business announces it will provide financial help of up to $3,500 a year to undergraduate students enrolled full-time in the College whose families have demonstrated financial need towards college education. The grant of College of Business Access Scholarships will begin in the 2007-2008 academic year, with up to $80,000 of scholarships to be awarded to each entering class. When fully implemented in four years, a total of $320,000 of scholarships will be available annually.
“It’s important that we provide students with the resources they need to be successful in the College of Business,” said Dean Avijit Ghosh, College of Business. “With initiatives such as the new scholarship, we’ll be able to continue to provide access to all students and attract top talent. We’re confident that we’ll be able to continue to secure the funding for the annual $320,000 total for the College of Business Access Scholarships for as long as there are needy students.”
The intent of the scholarship is to provide the neediest students support for the increasing costs of attending college. These scholarships will be offered in addition to any federal and state grants and financial aid the student receives from the University and will help ensure that all students can meet the cost of tuition, fees, and books. New students, as well as current freshmen and sophomores are eligible for the scholarship. The amount of the Business Access Scholarship, in combination with other grants and scholarship cannot exceed demonstrated financial need. Students must submit a FAFSA in accordance with the requirements of the Office of Student Financial Aid.
“One of our goals is not only to continue to recruit and enroll academically-gifted students, but to make sure they represent a variety of backgrounds,” said Victor Mullins, associate dean, Undergraduate Student Affairs, College of Business. “Since some students don’t have the funding they need, this will help get those students to Illinois without feeling it’s a burden, and help them become a part of this institution.”
As a land grant institution the University of Illinois is committed to ensuring that students from all economic backgrounds have access to its programs.
Nationally recognized as one of the top business schools, the College of Business at the University of Illinois Urbana-Champaign has outstanding programs in accountancy, business administration, and finance. The College enrolls approximately 3,000 undergraduates and 775 graduate students in MBA, master’s and doctoral programs.