The Moody Methodist Permanent Endowment Fund has awarded $500,000 in continued support for Galveston College Foundation’s Universal Access Scholarship and an additional $100,000 to establish a Non-Tuition Educational Expenses Resource. In large part, this grant was awarded due to the fact that over the last five years, the average of 90 new universal access scholars are retained, graduate and enter the workforce earlier than many of their peers as they now have fewer financial barriers to their success.
Earlier this year, the foundation appealed for support from PEF toward fully endowing UA to provide full tuition and fees for a two-year degree or certificate for at least 128 (unduplicated) UA students per year. Over the last two years, and as a result of the increased financial security of the Universal Access Endowment, the foundation has raised the lifetime limit from $2,400 to $3,600 beginning in fall 2017. Although this scholarship is closing the gap on the actual cost ($4,200) of a two-year college degree, there are still educational expenses that must be met — especially books, digital equipment and program specific costs such as testing and licensing fees. Therefore, the PEF awarded $500,000 to be added to the corpus of the foundation’s universal access program and assigned an additional award of $100,000 for educational expenses.
Fifteen years ago, the foundation was among initial benefactors for the universal access scholarship program with a gift of $450,000. The foundation also garnered funds from individuals, local businesses and area foundations to provide community endowed tuition funds for all eligible local high school graduates seeking a higher education opportunity and attend Galveston College. Eligible students are identified through the Office of Financial Aid and Student Services. Students who are ineligible for federal funding are usually determined candidates for a universal access scholarship. PEF and the founders of UA believed that a private community endowment would make the biggest difference if there was an ongoing economic commitment which would allow Galvestonians to attain a college degree without incurring crippling debt.
The Moody Methodist Permanent Endowment Fund is renowned for its support of social service agencies and education initiatives in Galveston, the Texas Annual Conference of the United Methodist Church, and national and international church-related projects which improve lives at home and throughout the world.
Early registration for summer and fall begins April 17
The early registration for the summer sessions and the 2017 fall semester starts April 17. Summer Session I classes start June 5. Summer Session II classes start July 10. Classes for the fall semester begin Aug. 28. For more information about classes and registration, call 409-944-1220.