If we want to continue to …
…we must increase scholarship support for our undergraduates.
Berkeley is committed to maintaining its unique distinction of public access to world-class undergraduate education for all high-achieving students. For the greater part of the University’s history, undergraduate fees were affordable for most California students and their families. But in recent years, the paradigm has dramatically shifted.
New investments in undergraduate scholarships can help change this dynamic by increasing the amount of support available to undergraduates, allowing the University to provide more talented students from all backgrounds with larger scholarships and enabling them to graduate with less debt.
Though the total cost to attend Berkeley seems low at $25,000, compared with $45,000 at academically comparable private universities, Berkeley is not able to provide its undergraduates with financial packages that are competitive with those of private universities. And the gulf is widening as the cost of higher education climbs.
Many of our peer universities, such as Harvard, have begun using their vast endowments to extend financial aid to academically distinguished students from middle-income families — even including those with incomes of up to $180,000 — frequently making these elite privates less expensive to attend than Berkeley. Their laudable efforts pose a difficult question: What can be done to keep public universities affordable for low- and middle-income families?
A stronger public-private partnership must be created to ensure that Berkeley’s doors will remain open to the broadest spectrum of talented students today and in the future.
Recognizing that only through increased private support can Berkeley’s public mission be upheld, the University has set the unprecedented goal of raising $300 million for the Berkeley Undergraduate Scholarships endowment as a cornerstone of The Campaign for Berkeley. This influx of new funding will enable Berkeley to significantly increase the size of its endowment, thereby doubling the amount of scholarships it can offer.