It shows your willingness to commit financial resources to a cause that you once held so dear. Some individuals feel that making a contribution to their alma mater is a way to show respect to all those instructors and people who helped them obtain their education. Academic scholarships are needed to provide additional financial support to students. Yes, particularly for academic scholarships. The cost of tuition increases with inflation each year, so more and more students are being pressured into assuming a larger amount of debt through student loans.
Students are appreciative of any financial assistance they receive.
We encourage donors to consider the cost of tuition, class fees, and textbooks. Annual scholarships and endowed scholarships are created with different ideas in mind. Annual scholarships are one-time sources of financial assistance. If funds are available then the scholarship is awarded. A permanent endowed scholarship is in perpetuity, meaning that it funds itself from the interest earned.