Named scholarships

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. Across the country, the average college-related debt for borrowers in the class of 2016 was $37,172; for Ohio students, that figure was $30,239.

If you are interested in making a significant contribution to student success, please consider a gift to the MAKING A DIFFERENCE AND MOVING FORWARD scholarship campaign, which is the University's most important initiative. You may also establish a named scholarship at The University of Akron, which 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

How do I apply for a scholarship?

This is not the page to apply for scholarships.

Students who want to apply for scholarships should visit the scholarship page on the Financial Aid site.

The Department of Development does not accept applications for or distribute scholarships. Scholarships are distributed through the University’s Office of Student Financial Aid.

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Peldunas Scholarship in Chemical Engineering

Elizabeth and Brian Peldunas established The Peldunas Scholarship in Chemical Engineering in 2003. Mr. Peldunas is a 1980 graduate in chemical engineering and also graduated from the University with an M.S. in polymer science in 1982. The couple established The Peldunas Scholarship in Chemical Engineering because of Mr. Peldunas’ gratitude to the Department and the University for providing him with the skills and tools that served as the basis for his successful business career. 

A native of Canton, Ohio, Mr. Peldunas made many close friendships during his time at The University of Akron and keeps in touch with those friends to this day. Mr. Peldunas married the former Elizabeth Frederick, an accomplished financial executive in her own right, in November 2001. Mrs. Peldunas graduated from the University of Pennsylvania and Cornell University Johnson Graduate School of Management. Their first child, Julia, was born in October 2003. 

Following graduation from the University, Mr. Peldunas began his career with General Tire and Rubber Company as a research engineer. After a serious review of his career goals, Mr. Peldunas proceeded to New York to attend the Columbia University Graduate School of Business, where he completed his MBA in operations management and business economics. Upon graduation, he joined The First Boston Corporation, now Credit Suisse First Boston. 

Mr. Peldunas’ career at Credit Suisse First Boston brought him to his current position as a managing director in the Operations Department, serving as a global business manager covering listed derivative and emerging markets products. He also manages client service development efforts for all of operations at Credit Suisse First Boston. Mr. Peldunas’ earlier experience at Credit Suisse First Boston includes service in a variety of support areas for the firm. He has lived and worked in London, New York, and Tokyo. 

The Peldunas Scholarship in Chemical Engineering shall be awarded to one chemical engineering student annually. The recipient shall have a GPA of at least 2.74, shall have received As or Bs in freshmen English classes, and will be a junior student in the department. The Peldunas Scholarship is renewable if the student continues to meet the academic requirements set out by this description. Preference will be given to a student from Stark County, Ohio, or from southern New Jersey (south of Trenton). The Peldunas Scholarship shall be awarded by the Department of Chemical Engineering in consultation with the dean’s office.

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