A new scholarship fund for Ohio high school graduates will help students cover the cost of being a Buckeye.
Last year Ohio State provided 59 percent of Columbus undergraduate students with financial aid, adding up to about $56 million in scholarship funding, according to a university press release.
A new endowment fund founded by OSU Board of Trustees Chair G. Gilbert Cloyd and his wife Susan will add to the amount of aid OSU provides its students.
Cloyd pledged $1 million to create a scholarship fund that will benefit Ohio high school graduates with financial need who plan on attending the Columbus campus.
“This gift reflects our strong belief in the importance of higher education and in helping young people reach their full potential,” Cloyd said. “Ohio State was the doorway to my future and we hope these scholarships will open the doors for even more deserving Ohio students.”
The Cloyd Family Scholarship Fund will support the Office of Enrollment Services and Undergraduate Education. The annual income from the fund will provide students with renewable assistance toward the cost of tuition, room and board and books and supplies.
“I don’t believe there should be any trade-off between the highest quality education and affordability,” Cloyd said. “Ohio State, as the nation’s largest public campus, can lead the way.”
OSU President E. Gordon Gee echoed Cloyd’s sentiments.
“I am deeply grateful to Gil and Susan for their remarkable commitment to Ohio State,” Gee said. “By creating an endowed scholarship, they are assuring that future generations of Ohioans are able to attend and graduate from the university, regardless of their families’ financial circumstances. I can think of no act more optimistic and no investment more profound.”
Cloyd received his doctor of veterinary medicine degree from OSU in 1969 and has been a university trustee since 2005.
Holly Davis can be reached at [email protected].
