What does the private gift earmarked for the incoming class of 2012 cover?
The $1.2 million will eliminate loan obligations for the approximately 50 McGregor Scholars expected to matriculate in late summer 2008 throughout their four years at Oberlin. It will provide a financial bridge so that the College can reach out to alumni, friends, and parents for additional funding for subsequent classes. The goal is to have enough funding in place by the fall of 2009, and for each class going forward, to provide grants that eliminate debt for Oberlin’s neediest students in perpetuity.
