University of Minnesota. Home page.
Institute of Technology
Inventing Tomorrow

Phil Oswald: Investing in IT

A competitive advantage

Scholarships can be the decisive factor that makes a tough choice easier for college-bound students

Over the years I’ve gained some insights into the reasons why prospective college students might choose one school over another. Many of my observations are based on anecdotal evidence, but this year, as the father of a college-bound son, I’ve watched the decision-making process from a front-row seat.

Today’s high school juniors and seniors are bombarded by glossy recruiting materials, multimedia presentations, college telemarketers, and the sensory overload of college recruiting fairs. Competition for students with high SAT and ACT test scores is especially fierce, and IT finds itself in the middle of the fray. The applicants who meet the college’s admissions standards are the same top-notch students coveted by leading private colleges and public universities around the country.

Various factors can influence a prospective student’s decision to matriculate at the University. If students are looking for mountains or ocean beaches, then Minnesota is not the place for them. If they want the social, recreational, and cultural advantages of a large metropolitan area, they’ll find life in the Twin Cities richly rewarding. If they prefer a small-college environment, IT offers those advantages within the framework of a comprehensive research university: IT admits less than 800 freshmen, similar to a medium-size college. If they are seeking a world-class education in engineering, science, or math, IT is definitely the place to be, especially for students graduating from a Minnesota high school.

But if the University and several other schools—each one offering attractive possibilities—are courting a talented student, then scholarships can tip the balance in IT’s favor. The three Goldwater Scholars profiled in this issue—each one an outstanding college prospect—could have chosen from any number of excellent schools, including the University. Although their reasons for choosing IT reflect personal values and circumstances, all three also opted to come here because IT and the University offered both the education they wanted and the scholarships that made their education more affordable. Soon these gifted young people will be in graduate school and later will embark on what promises to be remarkable, productive careers.

With University tuition rates rising and state support decreasing as a percentage of educational costs, IT will find it increasingly difficult to attract top students unless we have more merit- and need-based scholarships to offer incoming and current students.

Our $160 million campaign goal includes $20 million for scholarships. With one year remaining in the campaign, we've reached the $11 million mark in scholarship gifts, and your help is needed to fulfill this very important need. If you’ve considered creating a named scholarship, now is the time to act.

You can help ensure that no student is denied an IT education for lack of financial assistance. The decision you make today will help our brightest, most creative young people pursue their dreams of making a difference in the world.