Advancing Student Access and Potential (ASAP) Scholarship Matching Challenge
There are many promising and deserving young people for whom financing is a barrier to a great education. Wentworth President Mark A. Thompson wants to dramatically swing the doors open to these students–with a $10-million Wentworth “Advancing Student Access and Potential" Scholarship Matching Challenge – The ASAP Challenge.
Through the ASAP Challenge, we will increase the amount of permanent financial aid available to our students and continue to enhance the transformative nature of our educational experience.
Breaking Down Barriers for Students in Need
Wentworth has a track record of serving first-generation college students, young men and women from lower-income and working-class families, veterans of war, urban youth, hands-on learners who want to roll up their sleeves and work, and women breaking barriers in STEM.
More than 85 percent of Wentworth’s enrolled students qualify for some level of federal need-based financial aid, which does not include private loans that many students and families need to acquire. A quarter of students at Wentworth depend on Federal Pell Grants, available only to those with exceptional financial need, and 58% higher than the average of private STEM colleges and universities across the Commonwealth.
Like those before them, Wentworth students have the kind of focus, determination, and resourcefulness that has built the university’s reputation for graduating well-prepared technical professionals who are sought by industry and known for their ability to hit the ground running.
They not only benefit from Wentworth’s faculty, labs, studios and clubs but also from each other’s different life experiences and perspectives.
Matching Your Contribution, Dollar for Dollar
Through the ASAP Challenge, Wentworth will take $5,000,000 of unrestricted earnings from its endowment to match, dollar for dollar, the creation of new endowed scholarships of $25,000 or more, or gifts of $25,000 or more to existing scholarships, thereby doubling their value and impact.
Endowed scholarships are like a savings account. The principal is invested, and students receive support from the income generated from that investment. Because the principal remains untouched, these gifts keep on giving and are enduring gifts for generations of students to come.
This initiative will run through June of 2021, or until all $5,000,000 in matching funds are expended.
The impact of these new and enhanced endowed funds will help:
- Provide access to Wentworth’s high value and transformative learning experience
- Foster a rich and diverse learning environment
- Create pathways from high school to college for Boston urban youth
- Attract young women and underrepresented minorities to our programs
- Provide bridge support to students who may need more time to complete their college degree
- Assist students from lower-income or working-class families reduce their debt
"The endowed scholarships I have received have greatly enhanced my time at Wentworth. They decrease the amount I need to borrow, so I can focus on my studies rather than worrying about money. It’s a huge burden that has been lifted off my shoulders, and I feel even more supported and encouraged to succeed here."
"When I looked at my workplace and jobsites and saw the lack of diversity, I decided to become bold and courageous. I committed to taking steps personally by funding a Wentworth scholarship for females and minorities interested in the built environment. We must take risks and present opportunities to others in order to level the playing field, to bring about inclusion. Then we will be able to build a future of excellence."
For more information, please contact Paula Sakey, Vice President of Institutional Advancement, by phone at 617.989.4219 or by email at firstname.lastname@example.org.