Since Eliphalet Nott created the first endowed scholarship in 1801, Union has welcomed all students who demonstrate superior academic ability. Endowed scholarships provide a permanent source of income for Union undergraduates and help ensure the College's ability to attract and retain the best qualified students. Those alumni, parents and friends who establish an endowed scholarship make their mark on untold generations to come, linking them to Union for all time.
A few facts on scholarships:
- Union has approx 390 endowed scholarships; the College stewards about 230 of them.
- The College financial aid budget for fiscal year 2005-06 is $25 million.
- 57% of the 581 freshman in the Class of 2009 received some form of financial aid.
- The average total financial aid package this year was nearly $24,000.
- As part of the You are Union campaign, the College is committed to raising $39.14 million in endowed merit and need-based scholarships.