PSU Receives $1 Million Gift

January 12th, 2005 by Adam

Plymouth State President Donald P. Wharton has announced a $1 million gift to the University by John and Carrie Morgridge to fund four-year scholarships for high-achieving, low-income students from New Hampshire. Mr. Morgridge is a 1985 PSU graduate.

“This extraordinary act of generosity by John and Carrie Morgridge,” said President Wharton, “will make a dramatic difference for many future PSU students who might otherwise not have the means to attend the University. The Morgridge gift is creative educational leadership at its finest—a profound commitment to the University and the academic lives of our students.”

The new scholarships will require academic achievement and demonstrated financial need; in addition preference will be given to PSU students from Belknap, Carroll, Coos Grafton and Sullivan counties and/or those who are the first in their family to attend college.

“John and Carrie are rightly very excited about the positive influence of their gift,”
President Wharton commented. “It couldn’t have come at a better time for Plymouth State University students and their families. We can all be very grateful to the Morgridges for their exceptional foresight, leadership, and commitment.”

“Across the U.S. today financial access to higher education is a critical issue,” says President Wharton. “Federal financial aid such as Pell Grants go to the neediest qualifying applications, but a Pell Grant for a low-income student doesn’t come close to covering the cost of their college education. The Morgridge Family Opportunity Scholarships will help reduce the amount of additional cash or loan burden students have to assume to achieve their higher education goals.”

Nationally, college students will be carrying more of a financial burden as a result of new federal rules Congress passed late last year which will reduce the amount of Pell Grant awards compared to years past. At the same time, two out of every three new jobs in the U. S. will require some college education.