WEST LAFAYETTE (WLFI) – An anonymous gift of $5 million will help to make Purdue University more affordable for students.
In a press release President Mitch Daniels said, “One of our university’s central goals is assuring that a Purdue education is affordable. This generous donor understands how important this issue is and has stepped forward not only with money but also a challenge designed to motivate others to join us in this effort.”
Matching components of the donation could nearly double the amount of scholarship endowments available to students.
Of the $5 million, $3.75 million will create a Purdue Affordability Scholarship Challenge, with scholarships of $25,000 to $250,000 being matched.
Additional funds will be put toward the President’s Student Affordability and Accessibility Fund, which Daniels credited as helping the university’s ability to keep tuition costs frozen.