Scholarships are one of our best tools for recruiting talented students to the University of Kansas. That's why we've been realigning our scholarship programs to offer renewable scholarships to more incoming students.
This has involved close cooperation between academic units, Student Success and many others, and I'm happy to report that work is paying off with a package of new, four-year renewable scholarships for freshmen and two-year scholarships for transfer students.
Starting with the Fall 2012 incoming class we will automatically award students renewable scholarships according to their academic performance. You can see the scholarship levels and requirements here.
Aside from the national scholarships (Merit, Achievement, and Hispanic Scholar), the largest four-year scholarship for Kansas freshmen, called the Chancellor Scholarship, will now be $20,000.
We'll also provide extra assistance to new Kansas freshmen who receive Pell Grants and meet academic requirements through an initiative called KU Pell Advantage. There's a new merit-based tuition waiver for high ability out-of-state students, called KU Excellence. And the Jayhawk Generations Scholarship will continue for out-of-state freshmen with a family tie to KU.
As a result of these improvements, prospective students will now know what scholarships they qualify for even before they apply and we'll be able to formally offer scholarships within two weeks of their admission to KU.
These changes will greatly enhance our competitiveness with our peer institutions, many of which have already moved to this model. Plus these new four-year scholarships augment the four-year tuition compact, which offers financial predictability and motivation to graduate in four years.
Student recruitment is a responsibility we all share. I encourage you to let prospective students know about these new scholarships, and to tell Admissions about students who you think belong at KU.
As the number of Kansas high school seniors continues to decline, we face growing competition for students. These new renewable scholarships will enhance our competitiveness when recruiting talented students and will result in a stronger academic environment at KU.