Financial barriers to higher education are very real. Although USI offers the lowest tuition of any four-year public institution in Indiana, higher education is still out of reach for many potential students. Many USI students are working full-time or supporting families and need access to scholarships and other forms of financial aid to realize their dreams.
Currently, 1,900 students are impacted by scholarships totaling $2.5 million.
Establishing a scholarship with the USI Foundation is easy. There are three main components:
- Name of the scholarship
- Criteria for the scholarship (determined by the donor)
- Consider - Financial need, students from diverse socio-economic and ethnic populations, student athletes, etc.
- How the scholarship will be funded
- Endowed Scholarship: An endowed scholarship produces a perpetual yearly distribution in the form of a scholarship. The USI Foundation recommends a minimum gift of $25,000 to establish an endowed scholarship. Endowed scholarship can be funded at one time or up to a five-year period
- Annual Scholarship: An annual scholarship is funded with a yearly gift. A minimum gift commitment of $4,000 ($1,000/year) will establish an annual scholarship. An annual scholarship can be funded at one time or up to a 12-month period.
Friends and alumni who provide endowed and annual scholarships have the opportunity to interact with their scholarship recipients at an annual luncheon hosted by the USI Foundation.
