Opportunity VCU, led by the VCU Alumni Association and the MCV Alumni Association of VCU, strives to raise $50 million for student scholarships and fellowships across all academic units of Virginia Commonwealth University.
Scholarships are needed more than ever as the cost of higher education continues to rise and the amount of support VCU receives from the state continues to decline. This year, VCU will receive $25.4 million less state support than it did in fiscal year 2000, despite enrolling nearly 9,000 more students.
“The Opportunity VCU campaign strives to build scholarship funding so students will not be forced to decide if they can afford their education. The university calls on alumni and friends, many of whom struggled financially when they were students and therefore understand the needs of today’s students, to help VCU continue to reward deserving students with this much-needed scholarship and fellowship support,” said VCU President Michael Rao. “Offering more merit-based scholarships also will help VCU to continue to attract the most-motivated students to our campus as a first-choice university. I am grateful to our alumni associations for taking on this challenge.” Hear Dr. Rao speak about student need.
Endowed student support
Scholarships make it possible for many deserving students to attend VCU, as well as help attract the most-motivated students to the university. Endowed scholarships are created with a minimum $10,000 gift. The principal is invested and the interest of 5 percent is used each year for student support. These named, endowed scholarships last in perpetuity.
|Tuition and fees scholarship||$100,000|
|Full out-of-state scholarship **||$400,000|
* Covers in-state tuition, fees, room and board and provides additional funding for books.
** Covers out-of-state tuition, fees, room and board and provides additional funding for books.