Posts Tagged ‘tuition’

Tuition Free Day – Thank You!

Comments Off Written on May 5th, 2010 by
Categories: Alumni, Financial Aid, Students

A BIG “Thank You!” to all Multnomah alumni and donors!

Your giving and prayers are such an integral part of the legacy and continuing work of Multnomah University. We love celebrating YOU!

What Is It?

On Tuesday, April 13, 2010 the Advancement and Alumni Departments had an opportunity to share with Multnomah’s student body what we call our student aid gap (the funds making up the difference of what it cost to educate a student at Multnomah and the amount they actually pay for Tuition) at our first annual “Tuition Free Day” celebration. We celebrated the generosity of our alumni and donors with cake, decorations, music, and give-aways. Freshman Jason Mulkin won the big doorprize – a GPS (special thank you to Fred Meyer Stores for their contribution)!

Last year, 2,160 alumni and friends of Multnomah gave to the Student Aid fund. What a blessing to each and every current Multnomah student! Thank you!

The Event Slideshow

2010 Student Aid Banquet = Blessings!

2 comments Written on March 24th, 2010 by
Categories: Alumni, Financial Aid, General, Students

As many of you know, a not-for-profit institution of higher education (like Multnomah) does not subsist on tuition revenue alone. Another significant area of operational income is provided by donors who believe in the mission that God has placed before Multnomah. These donors want to see Multnomah students graduate and use their gifts and education to advance the kingdom of God. Many of these donors are alumni, some are companies or foundations, but most are friends of the institution who have been faithful for many years. 

Banquet_banner2010 Student Aid Banquet Stats

  • 436 Donors Attended
  • 16 Students Volunteered
  • $131,462 in Student Aid raised!

Annual Student Aid Banquet

Aside from the many other ways that donors support Multnomah students, one of the most popular is the Annual Student Aid Banquet held at venues in Portland, Oregon every March. This year, following the theme of Dr. Lockwood's President's Annual Report, we were "Moving Forward, Building Momentum". There were great speakers, student testimonials, a video, student-led music, and a fantastic dinner which was paid for ahead of time by still more donors!

What this means is that 100% of the proceeds from the Banquet go directly to Student Aid!

The funds don't go for the electric bill, employee salaries, building costs, or anything other than a fund specifically set aside to lower the cost of attending Multnomah.

Keeping Multnomah Tuition Low  

  • Many people don't know this, but it costs Multnomah about $19,202 to educate one student.
  • Tuition and Fees paid by students only cover an average of $14,642
  • This means that there is a "Student Need Gap" of approximately $4,560 that has to be filled in by donors who know that students going in to ministry can not afford higher tuition.

Rejoice with us and remember to thank a donor if you know one - without them, providing a Multnomah education would not be possible.

 One More Thing

We would be remiss if we did a post about giving to student aid, and then didn't show you our online giving tool!

ogwbanner2

Does Your College Job Pay $250 an Hour?

2 comments Written on January 15th, 2010 by
Categories: Financial Aid, Students

Today's guest post features some sound advice from a Multnomah student about how to easily raise funds for your college education. What's the best part? She has the college funding to back up her advice!

***

My name is Kaitlyn Reidt and I’m a junior majoring in elementary education.  My search for scholarships started my senior year of high school and it has been really beneficial to me.  I didn’t want to have to take out loans to pay for school so I applied for scholarships and have received $21,100 in funds since I started Multnomah.  Scholarships are worth the work and they are money that doesn’t need to be paid back! I’m going to give you a few tips about where to look for scholarships and what criteria most scholarships look for in applicants.

Sources for Scholarships

Sources for scholarships range anywhere from the internet to businesses to private funds.  Some internet sites that I have found useful are:

  • www.fastweb.com - this site has you fill out a profile and sends scholarship applications your way that you meet the criteria for.
  • www.brokescholar.com - this site is similar to fastweb and can direct you to other sites with scholarship availability.

Beyond the internet, a student can look at local businesses in the area.  Some restaurants have scholarships, insurance agencies have them, churches usually want to fund students attending a Bible College, and another good place to look would be with organizations such as the VFW or the Masons.

Scholarship Criteria

Scholarships are usually quite specific on the type of applicant they want to receive their funds.  I have found that several things listed on scholarship applications ask for the same type of materials, so I have provided you with a list of the most common criteria for a scholarship applicant.

  • Character-the scholarship committees want to know that you are a trustworthy and worthy applicant, so you need to illustrate to some degree the type of character that you possess.
  • Scholastic Ability-GPA does factor into applications for scholarships.  It is not the only thing that is looked at, but it does often decide whether a person is eligible to apply for a scholarship or not.  But don’t fear! Not all scholarships have a minimum GPA for their applicants.
  • Community Service/Campus Involvement-scholarship committees are looking for well-rounded applicants.  It is important that you are involved in your community with volunteer activities.  You can help at your church, volunteer for a non-profit organization, or be a part of a club at your school.  The more activities the better! Scholarship committees want students who are involved not only in school, but the community as well.
  • Essays-There are usually 2-4 essay questions on scholarship applications that ask questions like, “What do you want to do when you graduate,” “What types of community service activities have you been involved in,” and other personal questions.  These are considered heavily, so it is important that correct grammar and spelling be used in these.

$250 an Hour? Really?

Scholarship applications take anywhere from 1 hour to 10 hours.  They may seem time consuming, but think about taking 2 hours to apply for a $500 scholarship. You just made $250 an hour! I’d say that’s a time investment well worth it.  If you have any questions or want help with scholarships, e-mail me at finaid@multnomah.edu.

Oregon Independent Colleges Keeping Costs Down

Comments Off Written on June 27th, 2009 by
Categories: General, Media, Press Releases, Programs, Students

In this day and age, every penny saved counts. One story that I've wanted to talk about for some while is that of how there is increased public scrutiny over college costs - and what colleges are doing to keep them down. Let's face it, it's expensive to run an institution of higher education - even one like Multnomah which operates with minimal staffing and even less physical overhead.

One Big Difference Between Publics & Privates

Recently, almost all public institutions (including community colleges) have announced sizeable increases in their tuition and operating expenses - and have lobbied for more taxpayer support (And why not? It's even more expensive to run a major public research institution).

As you may know, private independent institutions are not subsidized by public money. The good part about this is that it forces us to tighten our belts when the times get tough and endowments take dives with the stock market. This can be a very healthy thing, forcing us to focus more on achieving our mission efficiently.

The Charge of Stewardship

Instead of passing all the costs on to students and their families or asking donors to throw more money at the operation (although, we'll gladly talk to any donor willing to contribute!) we have to trim expenses and make wise moves to demonstrate good stewardship with an eye toward future health. At Multnomah, this stewardship principle takes on a whole new meaning, because we know it is not "our" operation to begin with - we are only taking care of what God has charged to us.

But Not Just Multnomah

Multnomah belongs to an organization called the Oregon Independent Colleges Association (OICA). As a collective, it has become a mantra to show a commitment to keeping cost increases to an absolute minimum. Recently, OICA sent out a news release that gave a brief overview of what these institutions are doing.

OICA College Cost Containment Press Release

Also, don't forget about our new Tuition Relief Scholarship we announced after this press release went out.

Tuition Relief Scholarship Available To Undergrads!

Breaking News for MBC Undergrads

tightwalletA Tough Economy

Multnomah's leadership, under the direction of President Dan Lockwood, got together to discuss what they'd been hearing from students and parents: "Help! This economy makes going to college more difficult!"

Doing Something About It 

As of today, Multnomah is offering a "Tuition Relief Scholarship" this year for our Bible College students.

It's Simple
To earn the Tuition Relief Scholarship, students must be enrolled for a minimum of 14 credits in a Bible College undergraduate program offered on the Portland, Oregon campus. If a student enrolls in 14 credits, they will then get every additional credit up to 17 free - for a total savings of up to $1500 per semester or a total of up to $3,000 for the year.

Simpler Still
This means that if you enrolled in 15 credits, you only pay for 14. If you enroll in 16 credits, you only pay for 14. If you enroll in 17 credits, you only pay for 14! That's the equivalent of a whole class. Or $1500. Per Semester.

I don't know about you, but getting done with college faster and doing it with an extra $3000 sounds like a pretty good deal to me. (As if being the lowest priced around wasn't already a great value...but I digress).

The Official Details

There are some conditions, so be sure to Read the Offical Press Release.

Spread the Word

We need to get the word out to current and new students - so please Tweet it or Spread it on Facebook...text your buddies. Find our accounts to repost/tweet here:

www.multnomah.edu/goto/social