President Michael S. Roth and Professor Kari Weil have made a new six-figure gift to Wesleyan in support of endowment for financial aid, including a provision that royalties from President Roth’s latest book, Beyond the University, go to financial aid.
In announcing the gift, Joshua Boger ’73, chair of Wesleyan’s board of trustees, said: “This is the second major gift that Michael and Kari have made to Wesleyan’s campaign, and I am so grateful for their leadership and generosity. Their support of financial aid is particularly welcome because it underscores the University’s commitment to increasing access – the highest priority of our campaign. THIS IS WHY.”
Wesleyan has raised $125 million for scholarship endowment. Overall, Wesleyan’s generous supporters have contributed $354 million toward the campaign’s $400 million goal.
Roth established a policy of eliminating loans in favor of outright grants for most students with a family income below $60,000. The policy has also reduced the amount of loans required in all final aid packages by about 35 percent. This effort and all of Wesleyan’s financial aid grants, including a special scholarship program for veterans, are supported by gifts from alumni, parents and friends.
“Wesleyan continues to attract students of extraordinary potential from diverse economic backgrounds, meeting their full financial need,” says Roth. “The University’s commitment to financial aid fosters a campus community based on equality and freedom, where differences in the classroom emerge not from privilege, but from talent and effort.”