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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Burg, H. Peter Scholarship Fund
The H. Peter Burg Scholarship Fund was established in 2004 by family, friends, and business associates of Mr. Peter Burg. Mr. Burg was a distinguished alumnus of the University, receiving a bachelor of science degree in business administration in 1968 and a master of business administration in 1970. He was dedicated to his family of wife Eileen, daughter Amy, and sons Bill and Bobby. For years, Mr. Burg served FirstEnergy, where his business acumen was recognized with his appointment as chairman and chief executive officer in 2002.
Mr. Burg also was an active community member, assuming leadership roles with The Edison Electric Institute, Energy Insurance Mutual, Nuclear Electric Insurance Limited, Nuclear Energy Institute, Institute of Nuclear Power Operators, Ohio Business Roundtable, Akron Tomorrow, Cleveland Tomorrow, Ohio Foundation of Independent Colleges, Catholic Diocese of Cleveland Foundation, Musical Arts Association, Akron Children’s Hospital, United Way of Summit County, and the Summit County Chapter of the American Red Cross.
The H. Peter Burg Scholarships will be awarded to University of Akron students from the Akron area. First preference for scholarship awards will be given to students pursuing a degree in business administration in the University’s College of Business Administration. First-year students entering the College of Business Administration must have a minimum GPA of 3.2 from high school. Recipients must maintain an overall GPA of 3.3 to renew the H. Peter Burg Scholarship Award.