Victor F. Weaver Inc., Endowed Scholarship Fund

National statistics point succinctly to the need for more college scholarships across the country. The need is deeply felt at GC, where there has never been enough scholarship resources to go around.

For example, a 1973 U. S. Census Bureau study found that college enrollment, nation-wide, was decreasing sharpest in families with household incomes between $10, 000 and $15, 000 a year.

A 1975 in-depth study reported by Chronicle of Higher Education showed that high school seniors from middle-income homes felt their aid needs were not recognized by colleges. Those from low-income homes feared the prospect of any debt.

The landmark 1969 Naidu study, conducted from Michigan State University, found that as the amount of financial aid per student increases, the incoming quality of student improves. But as a given amount of budget is spread over more and more students (less per student), the incoming quality decreases.

In the fiscal year just ended, Goshen College awarded $230, 000 for scholarships and grants from its own resources. All scholarships and grants are made without obligation for repayment. Many are renewable, contingent upon satisfactory academic progress and acceptance of the standards of life at the college.

Goshen College believes that scholarship aid to needy, worthy students meets a legitimate need. It stimulates capable, qualified students to full use of their talents. The College also believes that setting up an endowed scholarship fund is creative philanthropy at its best.