YOUNGSTOWN — Youngstown State University will put $1.7 million in additional scholarship funding into the pockets of about 3,000 students next academic year, officials announced today.
The additional funding is a result of the YSU Foundation’s new distribution plan, which was approved earlier this year. The YSU Foundation plans to allocate $6.8 million to YSU, a 33 percent increase from $5.1 million in the current academic year.
“As tuition increases, as costs of education go up, this becomes more and more significant,” said YSU President Cynthia Anderson.
Each of the 1,302 undergraduate students who receive the university’s merit-based Scholarships for Excellence will gain up to $1,500 more a year in funding, while the 1,500 other scholarships funded by the YSU Foundation will increase by 4 percent.