[fighting_texas_aggie_band_class_of_1977] Re: Scholarship, moving forward
- From: "Michael Brown" <dmarc-noreply@xxxxxxxxxxxxx> (Redacted sender "dean.mickey" for DMARC)
- To: fighting_texas_aggie_band_class_of_1977@xxxxxxxxxxxxx
- Date: Tue, 9 Mar 2021 22:00:50 -0600
Yeah, college inflation rates are higher than overall inflation. I seem to
recall a semester of tuition, room, and board, was a total of around $800?
Sent from my iPad
On Mar 9, 2021, at 8:59 PM, Stephen Sublett <ssublett77@xxxxxxxxx> wrote:
Dean,
Inflation, tuition was $4 per credit hour in 1975. It's now 125 times that.
On Tue, Mar 9, 2021, 12:18 PM Michael Brown <dmarc-noreply@xxxxxxxxxxxxx>
wrote:
My understanding is that there are name changes at each level, but that the
scholarships presently give out 4% of the endowment, regardless of the name.
So our Sul Ross, if it grows to $30,000, will pay out $1,200 a year.
$40,000 gets $1,600. At $49,999, it would give out $1,999.06, but wouldn't
become a "Rudder" until it hit an even $50k through growth or gifts.
Also remember that there is a "Rudder" level Corps scholarship also, $50,000
that pays $2000/year.
BSch
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