Where Does Financial Aid Come From?
TJ Anderson
Where does
your scholarship money come from? How do you get the financial aid that you
need to pay for your education? The state supplies some of this money, but
after recent budget cuts, not that much of it. A good portion of the money
that many students receive to help them pay for their education comes from
alumni who are generous enough to donate their hard earned money to UMass
Lowell. For years, alumni received mailings from the university asking them
to donate money to help the university cover the cost of education that the
state does not provide. The University now uses a much more direct approach.
Like many schools UML has begun using phonathon campaigns. The university
calls alumni directly and requests their financial support.
Every year, students at UMass Lowell hit the
phones and begin calling alumni asking them to make donations to what is
called "The Lowell Fund". The Lowell Fund is the largest source of
unrestricted funds for the university. The money raised goes to where need
is greatest at the school, whether it be campus beautification, or financial
aid and scholarships for students. But this money is not always volunteered
by the alumni. In certain cases it takes coaxing by the student callers,
because not all alumni want to give right away.
The company that runs the calling center
here at UMass Lowell is called RuffaloCODY. They call for hundreds of other
schools and non-profit organizations at call centers nationwide. These
include organizations like Maryland Public Television, Boston College and
Adelphi University. Many schools like Boston College are able to raise
millions of dollars per year via their phonathon. Unfortunately state
schools like UML have trouble raising money for a number of reasons; the
most important being that because UML is a state school, many alumni do not
feel a sense of community like alumni of private schools do, alumni also
feel UML is well funded by the state already and does not need any more
money. Colby Ganz, the Center Manager for RuffaloCODY here at UMass Lowell
said “there are about 54,000 alumni of UMass Lowell, and right now about 16%
of them donate annually”. Last year, the phonathon campaign raised just
under $600,000 dollars for UML. Although this is a lot of money it could
easily be more. Speaking with callers, they say there are many reasons
alumni do not support the University. Reasons range from being upset with
the University for the William Bulger ordeal, to simply not caring about the
university. Many alumni will hang up as soon as they hear the name UMass
Lowell.
Although telemarketers have become taboo
over the last few years with the advent of the "do not call" list, it is
important to distinguish between someone selling timeshares, and someone
raising money for a good cause. So when you graduate from UMass Lowell and
you're earning sums of money that right now seems unheard of, don’t forget
the school that helped you reach your place in life. And when that phone
call comes remember there's a UML student on the other end working hard
trying to make our university a better place for generations to come. And
when you’re on the phone with them, remember back about how much an extra
$500 in financial aid would have helped you, and reach deep into your check
book and give back.
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