Scholarships are fundamental to our success and student support is a cornerstone of the Victors for Michigan Campaign. Across our teams, we provide the maximum number of NCAA scholarships allowed for our student-athletes meaning that 14% of our budget is spent on tuition each year. This annual expense is a significant financial investment of the department. As you know, we do not receive any discounted tuition rates for any of our student-athletes, thus this expense is likely to continue increasing in coming years. Furthermore, there is a large discrepancy between the cost of tuition for an in-state and out-of-state student. Given that over 70% of our student-athletes are from out-of-state, this reality has a large impact on our annual scholarship expense.
By investing in scholarships through an expendable or endowed gift, you are helping to ensure that student-athletes are recruited based on their skill level and alignment with the Michigan tradition rather than state residency. As a result, these gifts significantly contribute to the sustainability of our programs while helping shape the next generation of Wolverines.
Ice Hockey Endowed Scholarships
The University of Michigan Ice Hockey program is undergoing an unprecedented $20 million endeavor to endow every ice hockey scholarship. These scholarships will provide an opportunity for our student-athletes to excel in the classroom, on the ice, and within the community. Beyond ensuring the sustainability of our Ice Hockey program, this initiative will help alleviate financial pressure of scholarship for the other sports.