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Tuition Runs Out, Philanthropy Begins
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March 18, 2009 Wednesday, March 18, 2009, is the day we recognize that our tuition dollars have run out. How could that possibly happen, you might be wondering? Don’t we all pay tens of thousands of dollars a year for our Colby education? Yes, we do, either out of our own pocket, with support from our parents, or through scholarships and grants. However, while tuition covers a significant portion of the cost of running Colby, there is still an additional 26 percent that is not covered. The Silent Scholarship If you’re a senior, you probably have already been informed about how everyone at Colby is on a silent scholarship. If you’re not aware of that, we want to bring it to your attention. Every year, each Colby student receives a silent scholarship of approximately $17,380. This scholarship money is made possible because of revenues that include yearly contributions to the Colby Fund from alumni and parents who recognize the value and importance of philanthropy. This money supports operating costs for the overall Colby experience. The thousands of alumni and parents who give back know that to make Colby accessible to as many students as possible and to provide those students with the best possible collegiate experience, funding needs to be provided above and beyond tuition dollars. Know the Facts In the past, Senior Pledge made seniors aware of the importance of giving back to Colby as alumni. But everyone should be aware of how alumni and parent giving affects each and every one of us on a daily basis. Think About It Today we ask you to think about how Colby alumni and parents have contributed in this monumental way to your Colby experience. Further, we ask that, when given the opportunity to give back to Colby through either Senior Pledge or the Colby Fund, you remember the day each year on which tuition ran out—and, more importantly, the day philanthropy kicked in. Remember that even a gift of a dollar makes a positive impact on those of us here now and those to come. Sincerely, Molly Corbett ’09 and Joel Pitt ‘09 2009 Senior Pledge Co-chairs Senior Pledge Committee: |