The University of Massachusetts is allocating $130.5 million for student financial aid this year, the university announced today.
Over the past eight years, the university's support for financial aid has jumped from $35.6 million to the current amount, an increase of 267 percent. Last year, the university allocated $109 million.
“Our mission at the University of Massachusetts is to keep high-quality education within reach for the sons and daughters of Massachusetts,” University President Jack Wilson told the board of trustee's administration and finance committee, according to a university statement.
According to the report, 61 percent of the university’s in-state undergraduates are receiving at least some financial aid this year. Also, the university fulfills 90 percent of need-based aid, the largest percentage for any New England public university.
“As a UMass alumnus who had to work hard to make ends meet during my student days, I know these are the right actions and the right policies,” James Karam, chairman of the UMass Board of Trustees, said in a statement. “I am proud that this University is taking the steps to keep the doors of opportunity open wide.”
On the beat
Columnist Shirley Leung says Boston mayor-elect Martin J. Walsh should focus on middle-class housing. Read more