Named Scholarships

When it comes to earning a college degree, the greatest obstacle can be the funds to do so.

For this reason, The University of Akron is pleased for the opportunity each year to assist talented, deserving students achieve their dreams, thanks to more than 1,300 Named Scholarships established through the kindness and generosity of thousands of UA alumni and friends, corporations, and foundations.

Scholarships truly are the best way to ensure that today’s students persist to graduation. Scholarships allow students to enroll full time and remain focused on their studies; they also reduce drop-out rates, decrease the stress of student loans, and shorten the road to graduation.

The need for scholarships grows each year, however, as students continue to face an increased financial burden in pursuit of a college degree. In fact, 94 percent of today’s baccalaureate students borrow to pay for college – versus just 45 percent in 1993. And across the country, the average college-related debt for borrowers in the class of 2013 was $35,200.

If you are interested in making a significant contribution to student success, please consider establishing a scholarship at The University of Akron. Scholarships can be created to honor a living person, in memory of a loved one, or to contribute to the growth of an area of study. To learn more, please contact the Department of Development at 330-972-7238. 

Please note: All scholarships are distributed through the University’s Office of Student Financial Aid. Students interested in applying for a scholarship may visit the Financial Aid webpage, call 330-972-7032, or e-mail The Department of Development does not accept applications for or distribute scholarships.

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Calhoun, Kenneth L. Scholarship for Excellence in Finance

The Kenneth L. Calhoun Scholarship for Excellence in Finance was created in 1998 by a grant from the Kenneth L. Calhoun Charitable Trust. Mr. Calhoun, a stranger to many, was a salesman for The Goodyear Tire and Rubber Company. While traveling throughout the United States, leasing tires to bus, truck, and taxicab fleets, Calhoun lived off of his expense accounts. This lifestyle enabled Calhoun to save his money, which he invested wisely. Calhoun was not a permanent resident of Akron until later in his life, when the tire company that he once worked for repaid his loyalty in a time of need. With the help of his friend, Phillip Bradley, Calhoun lived his final years in Silver Lake and set up the Kenneth L. Calhoun Charitable Trust. This scholarship is awarded to an incoming freshman in the College of Business Administration. The recipient will receive expenses to cover tuition, with preference given to students who intend to major in finance. This scholarship is renewable based on academic qualifications. Selection of the recipient will be based on merit and determined by the College of Business Administration Scholarship Committee.

Note for students interested in applying for a scholarship: The Department of Development at The University of Akron does not accept applications for, or distribute, scholarships.

For information on how to apply for a scholarship, please visit UA's Office of Student Financial Aid page.

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