University of Idaho Awards $125 Million in Financial Aid for 2011-12
Friday, June 24 2011
MOSCOW, Idaho – The University of Idaho has awarded more than $125 million in financial aid for the 2011-12 academic year. This includes $52.4 million in scholarships and grants, and $73.5 million in student loans.
Financial aid and scholarships provide some 9,600 University of Idaho students with a chance to obtain a college degree. The university is committed to awarding financial aid and scholarships to all qualified students, including first-generation students, who want to come to Idaho.
"Student success is important at the University of Idaho," said President Duane Nellis. "We don't want financial challenges to be an obstacle to attending college, and I'm pleased that we can provide this level of aid to our students."
Over the past two years, the university has been hit by more than $20 million in state budget cuts. Due to the cuts, the university increased resident tuition/fees by 8.4 percent to $5,856. As a result, there is a growing need for financial aid and scholarships.
"We also appreciate the generosity of our donors, who provide millions of dollars in scholarships," said Nellis. "Their leadership is paving the way for our students to be successful, and in return provide a positive and lasting impact for Idaho, the nation and the world."
An independent study conducted by Economic Modeling Specialists Inc. earlier this year revealed that University of Idaho students enjoy higher earning, thereby expanding the tax base and reducing the burden on state and local taxpayers. In the aggregate, higher student income and associated increases in labor and non-labor income in the state generate about $7.4 million in added tax revenue each year.
Altogether, the average annual added income due to the activities of the University of Idaho and its alumni equals $934.4 million. This is approximately equal to 24,730 average-wage jobs, or 1.9 percent of the total Idaho economy.
The University of Idaho offers scholarship opportunities for students at all levels. Special scholarships not connected to specific majors or academic areas of study include alumni association, athletics, diversity, general university, honors, international programs, living groups, ROTC and many more.
The university also offers several scholarship programs to keep top Idaho high school graduates in Idaho, including the Go Idaho! Scholarship program and the National Merit Scholarship program. To attract top regional students to Idaho, the university offers the Discover Idaho scholarship program. The University of Idaho is a leader in the Northwest for National Merit Scholars and enrolls more National Merit Scholars than all other Idaho institutions combined.
For more information about financial aid, visit www.uidaho.edu/payingforschool
or call (208) 885-6312.
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About the University of Idaho
Founded in 1889, the University of Idaho is the state’s land-grant institution and its principal graduate education and research university, bringing insight and innovation to the state, the nation and the world. University researchers attract nearly $100 million in research grants and contracts each year. The University of Idaho is classified by the prestigious Carnegie Foundation as high research activity. The student population of 12,000 includes first-generation college students and ethnically diverse scholars, who select from more than 130 degree options in the colleges of Agricultural and Life Sciences; Art and Architecture; Business and Economics; Education; Engineering; Law; Letters, Arts and Social Sciences; Natural Resources; and Science. The university also is charged with the statewide mission for medical education through the WWAMI program. The university combines the strength of a large university with the intimacy of small learning communities and focuses on helping students to succeed and become leaders. It is home to the Vandals, and competes in the Western Athletic Conference. For more information, visit www.uidaho.edu