The School competes against established pharmacy schools that have existing endowments. The School must build endowed resources to provide scholarships, advanced training, visiting professorships and support for student services.
Through the campaign, the School seeks endowed scholarships to guarantee our professional students, who are not eligible for federal student assistance grants, monetary support as long as they maintain good academic standing. Our goal is to offer a combination of need-based and merit-based scholarships to provide opportunity to all pharmacy students.
A total of $50,000 in annual scholarship assistance has been awarded to deserving students since the inaugural class began in the fall of 2005. Currently we are building several endowed scholarships. The bulk of the scholarship dollars awarded to date are annual corporate contributions.
The School has too few scholarships to offer, and most are reserved for the most academically talented students. As a result, a large portion of our students take out loans to complete their education, graduating with an average debt of $180,000–240,000. Endowed scholarships will enable the School to guarantee students with financial need support for the four years of the Pharm.D. program.