Merit Scholarships at Carolina Board of Visitors Meeting Friday, April 24 th, 2009 Dan Thornton, Associate Director of Scholarships and Student Aid Stephen Farmer, Associate Provost and Director of Undergraduate Admissions Elizabeth Dunn, Senior Associate Vice Chancellor for Development

Merit Scholarships: Which Student? Name JoeBob Residency NC School Suburban Public Father Research scientistTeacher Mother TeacherFinancial adviser Possible major MathInternational studies

Merit Scholarships: Which Student? Name JoeBob GPA Rank 2/3501/550 Senior courses AP EnglishIB English AP Calc BCIB Math 2 AP Chem AP Comp SciIB History College GeneticsAP Economics Chinese 2IB Spanish 5 Wind EnsembleYearbook

Merit Scholarships: Which Student? Name JoeBob SAT Reasoning 760 / 750 / / 800 / 790 AP Calculus AB 55 AP US History 55 AP Env Science 55 Other AP 5 – Music Theory5 - Psychology

Merit Scholarships at Carolina: Why Do We Have Them?  They are a much-needed recruitment tool and help us compete with our peer institutions, which tend to vie for the same students.  They show high-achieving students that they are wanted by the University and that their potential for excellence and success in college has been recognized.  They send a message about the caliber of the student body overall at Carolina, which is a benefit to all students.

Merit Scholarships at Carolina  Last year 211 merit scholarships were awarded and accepted, including Morehead-Cain and Robertson.  Less than 6% of last year’s incoming class entered Carolina with the benefit of a merit scholarship. Consider this:  17% of last year’s incoming class was either valedictorian or salutatorian, and 40% was ranked 1-10.

Merit Scholarships at Carolina: Selection Process* Applications 2009 = +/- 24,000 +/- 12, 000 Deadline 1 applications +/- 12,000 Deadline 2 applications +/-600 Selected by Admissions for Honors / Merit consideration +/-600 Review by faculty committee +/-150 Candidates invited to Scholar Day +/-300 offers of varying amounts *does not include Morehead-Cain, Robertson or Pogue +/-150

Merit Scholarships: More than just $$$  Results of Scholar Day determine size of merit awards. These range from small annual awards of $2,500 to full- cost scholarships. Successful Scholar Day invitees also are invited into the Honors Program.  For four scholarship types, we offer faculty mentoring, experiential learning opportunities, and involvement in scholar-initiated activities.  For many scholarship candidates, the programming benefits are what ultimately yields them, rather than the size of the dollar amount.

Merit Scholarships at Carolina Types of Merit Scholarships:  Founders - Half tuition and fees In-state only: $75,000 to endow $15,000 for 4-year expendable $3,000 per year award $750 programming dollars

Merit Scholarships at Carolina Types of Merit Scholarships:  Old Well - All tuition and fees In-state only: $150,000 to endow $30,000 for 4-year expendable $6,000 per year award $1,500 program dollars

Merit Scholarships at Carolina Types of Merit Scholarships:  Carolina Scholars – Tuition, fees, room, and board In-state, out-of-state, and international: $400,000 to endow $80,000 for 4-year expendable $15,000 per year award $5,000 program dollars

Merit Scholarships at Carolina Types of Merit Scholarships:  Advantage middle-income In state: $100,000 to endow; $20,000 for 4-year expendable $5,000 per year award no programming component

Merit Scholarships at Carolina Types of Merit Scholarships:  Advantage middle-income Out-of-state: $200,000 to endow $40,000 for 4-year expendable $10,000 per year award no programming components

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