"What our world needs today are educated people who can and will transform the world."
- President Thayne McCulloh, D.Phil.
Four out of five entering freshmen will complete their degrees at Gonzaga. For many colleges and universities, this would be a great success rate. However, it is not good enough for the Gonzaga community, which wants every student to succeed. The major barrier for students and families in selecting and staying at Gonzaga is adequate financial aid.
For the 2011-12 academic year, the University has allocated $61 million in institutional financial aid to our students, which is an 8 percent increase over the previous academic year. This figure represents over one quarter of Gonzaga’s total operating budget - a huge commitment to keeping education affordable for students and families. We are extremely grateful that a significant portion of this financial support comes from people like you, our alumni, parents and benefactors. Yet, even with such an investment of resources, we calculate that the remaining unmet need will exceed $16 million this year.
The University must double the size of its endowment in order to meet the increasing financial need of our students. As we work toward this long-range goal, Gonzaga’s immediate challenge is to raise $2 million per year in additional scholarship funding in order to provide sufficient financial support needed to ensure that current Gonzaga students will graduate. This will only happen with the commitment from our extended Gonzaga family – alumni, parents and close friends of the University.