With the cost of higher education contunally rising and making it more difficult for low income students to attend college, one anonymous donor has given a wonderful gift to future University of Chicago students:
A graduate of the University of Chicago gave an anonymous donation of $100 million to his alma mater, marking the largest single donation given to an Illinois university.
The money will be used to give full scholarships to about 800 lower-income students each academic year. The grants, called Odyssey Scholarships, will also pay partial tuition for another 400 of the 4,400 undergraduate students at the institution and fund a summer enrichment program for about 50 lower-income students before their first year of college.
Michael Behnke, vice president and dean of college enrollmentsaid, “A quarter of our students will have a very different experience than they had before. They will be free from this worry about debt. It will transform student life on campus.”