When it comes to earning a college degree, the greatest obstacle can be funding.
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.
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Smucker, Paul H. Memorial Scholarship
The family of Paul H. Smucker established The Paul H. Memorial Smucker Scholarship in 1999 and revised it in 2015. Paul H. Smucker was chairman of the Executive Committee of the J.M. Smucker Company, and under Paul's guidance the company grew from a small, regional jam and jelly manufacturer to one of international scope.
The award will be made yearly to students at Wayne College. Qualified full-time students must be from the Wayne County area and working toward an associate, bachelor's, or master’s degree at Wayne College. Selection of the student will be based on need, academics, and community service. The recipient is to be chosen by a representative from The J.M. Smucker Company and a representative from Wayne College.
The Paul H. Memorial Smucker Scholarship was originated with gifts from family and friends of Paul H. Smucker. Interested parties may add additional gifts to the fund. The scholarship principal shall be held by The University of Akron Foundation according to the Foundation’s established guidelines and distributed for scholarship purposes on an annual basis. Unless there are mitigating circumstances, unexpended funds in the award account are to be returned to The Paul H. Smucker Memorial Scholarship each fiscal year. The scholarship awards should be a minimum of $1,500 each with at least four distributed annually.
Generally, distributions are not to be made from the principal should the fund’s market value fall below the historic gift value. If the market value should fall below the historic gift value in any given year, a representative from The University of Akron Foundation should contact the J. M. Smucker Company for direction as to whether the organization may want to make a gift to the award account or permit principal distributions.