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The Penn College Scholarship Campaign
Invest Now; Change Lives Forever
For nearly 100 years Penn College has been preparing students to be contributing members of the workforce by providing the technology, theory, and hands-on application of the skills needed by industry. The value of this education is apparent in the demand among employers for Penn College graduates and the successes of our alumni. As the institution counts down to its Centennial, in 2014, the Penn College Foundation is conducting a $3.75 million campaign to raise funds that will be used directly for student scholarships. Your support of this campaign will make a critical difference in the lives of many students and their families. As a donor, you make opportunities available to students that may not otherwise be possible. The Penn College Scholarship Campaign is about helping future generations of students have access to that education and the opportunities it creates.
I commute daily to school, about 40 minutes each way. I live by myself and I am paying for college completely on my own. Thankfully, I am also a scholarship recipient.
Benjamin Schappell, '13, Computer-Aided Product Design
It is so humbling and encouraging to be supported by people who don't personally know me. Their generosity has had a tremendous impact on me; [It] will influence the rest of my life.
Joseph M. Harner , '13, Electronics and Computer Engineering Technology
How You Can Help
Establish a new, named scholarship
Establishing a named scholarship allows you to focus your donation on helping the students in the areas of interest most important to you. This is also a great way to honor or memorialize someone special. Institutional Advancement staff would be delighted to talk with you about establishing a named scholarship or designing a 'match' or 'challenge' gift to inspire others to invest in Penn College. There are three types of scholarships you can establish:
- An annual scholarship provides scholarship support to students on a year-by-year basis contingent upon annual donations of $1,000 or more.
- A limited duration scholarship is established when a donor makes a lump sum contribution of $2,000 or more. Scholarships are awarded from the fund for a defi ned period of time.
- An endowed scholarship is a permanent fund from which students can receive support. Scholarship awards are generated from investment income of gifts made to the scholarship. Penn College employees or employee groups may make multi-year pledges to fund the $25,000 minimum scholarship.
Contribute to an existing scholarship fund
More than 200 scholarship funds are currently administered by the Penn College Foundation. By giving to an existing fund, you pay tribute to the original creator of the fund while helping Penn College students pursue "degrees that work."
Financial Need at Penn College
- More than 30% of Penn College students come from households with an annual income of less than $30,000.
- Approximately 78% of Penn College students receive some type of financial aid, However, less than 10% of our students currently receive privately funded scholarships administered by the Penn College Foundation.
- Among those students who do receive scholarship support, the average award is less than $1,500 per academic year, while the estimated cost of tuition, fees, housing, meals, and books is more than $25,000.
- The average unmet financial need for a Penn College student is $9,200 per academic year. This gap is typically bridged by loans, leading to an average of $31,900 in education-related debt accumulated by a graduating senior.
The Pennsylvania College of Technology Foundation, Inc. and Pennsylvania College of Technology are non-profit 501(C)(3) tax exempt organizations.