This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

LMU President Launches $100 Million Scholarship Initiative

LOS ANGELES, Oct. 11, 2012 /PRNewswire-USNewswire/ -- In an effort to relieve the increasing financial pressure felt by families and students seeking an LMU education, Loyola Marymount University President David W. Burcham today launched a three-year, $100 million scholarship initiative.

The initiative is unusual among college fundraising campaigns in that the university aims to raise donations solely for student financial aid, via the LMU endowment and directly funded scholarships.

"There is no lower-cost substitute for the type of teaching and learning that LMU is committed to delivering," Burcham said. "In order to strengthen our dedication to academic rigor, maintain a diverse student body, and uphold our core commitment to transformative education, we must make sure every student admitted to LMU can afford to attend."

Burcham's announcement comes as the higher education establishment faces a nationwide affordability crisis, with more and more families forced to take out ever-larger private loans to cover the costs of tuition.

At the same time, colleges and universities are confronted with spiraling costs, including employee health care and pension obligations. For public institutions, state tax revenues continue to be diverted away from higher education as cash-strapped Legislatures scramble to balance their budgets, in California and elsewhere.

"While we have implemented budget cuts, held tuition increases to a minimum, and directed a larger proportion of our operating funds to student aid, the costs of higher education keep rising," Burcham said. "We cannot continue to live in a world where many students are priced out of an LMU education."

Loyola Marymount has so far raised $5 million toward the $100 million goal during this academic year. Burcham's goal is to add $65 million to LMU's endowment through the scholarship initiative.

About Loyola Marymount University Located between the Pacific Ocean and downtown Los Angeles, Loyola Marymount University is a comprehensive university offering 60 major programs, 36 master's degrees and a doctoral degree in education from four colleges, two schools and Loyola Law School. Founded in 1911, LMU is ranked third in "Best Regional Universities/West" by U.S. News & World Report. LMU is the largest Jesuit Catholic university for undergraduates on the West Coast with more than 5,900 undergraduate students and more than 3,000 graduate and law students. For more LMU news and events, please visit

SOURCE Loyola Marymount University

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,081.89 -49.97 -0.29%
S&P 500 2,014.89 +15.91 0.80%
NASDAQ 4,796.6090 -42.0340 -0.87%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs