Some students at the School of Medicine can thank contributors to the School’s Power of One Scholarship Campaign if their total bill is a little lower when they enroll in the coming years.
The School of Medicine has reached 62 percent of its goal of raising $500,000 for scholarships through the ongoing Power of One campaign. Contributions and written commitments currently totaling nearly $310,000 will continue to rise as the deadline for making a gift to the campaign has been extended to Dec. 31.
Donations to the campaign made in amounts of $10,000 or greater, whether individually or as a group, are being matched dollar for dollar. That means the School of Medicine has already raised nearly $620,000 for scholarship endowments through the Power of One campaign.
The contributions include both funds on hand and written commitments for funds to endow 18 new scholarships, said Troy Horine, director of development for the School of Medicine.
“That will result in an increase in financial aid for our students,” Horine said.
Horine said that gifts from all donors to the School for scholarships have leaped from $51,000 to $286,000 in the past fiscal year.
Scholarships from the Power of One campaign are restricted to Missouri residents and to students with financial need.
As recently as 2002, the School of Medicine ranked first among U.S. public medical schools in tuition and fees. Many schools across the country have been forced to greatly increase tuition to meet expenses throughout the past 10 years. While tuition has increased at the School of Medicine, it has not risen at nearly the same level as other schools in the country. As of the 2010-2011 school year, according to the Association of American Medical Colleges, the School of Medicine ranked 29th in the country in cost of in-state tuition and fees out of 76 schools.
As the campaign moves forward, Horine said the School would reach out to its alumni this fall asking them to join the Power of One campaign through giving to their individual class scholarship funds.