With $132 million reward, Washington and Lee to go need-blind
Washington and Lee College has obtained a present of $132 million that may permit it to go need-blind in admissions, on prime of its present dedication to fulfill full college students’ monetary want with out loans, it introduced Thursday.
William H. Miller III’s donation will permit the personal liberal arts faculty in Virginia to cease contemplating college students’ or households’ potential to pay in deciding whom to confess (the definition of need-blind). A small variety of establishments are each need-blind and decide to assembly the total monetary want of all college students it admits.
Miller is an investor and philanthropist who has additionally given main items to different establishments, together with a $75 million donation to Johns Hopkins College for the humanities in 2018.
“We’re so grateful to have the ability to make scholar expertise the singular focus of our admissions course of, and to get rid of college students’ potential to pay as a think about admissions selections,” mentioned Sally Stone Richmond, Washington and Lee’s vp for admissions and monetary assist. “Due to Invoice’s astonishing generosity, W&L’s distinctive schooling shall be accessible and inexpensive for proficient and curious college students from all walks of life.”
A number of different establishments have introduced main investments in monetary assist in latest weeks. The College of Notre Dame mentioned final month that it will go need-blind for each home and worldwide college students. And Centre Faculty in Kentucky mentioned that it will make investments extra funds in order that it might meet college students’ full monetary want.
