Richford Announces US$1 Million Endowment for its Financial Aid Program 2013
Richford makes major investment to its student facilitation program and adds simplified processes to facilitate new and continuing students.
Oct 10, 2013 - Richford University, a leader in higher education, recently announced its commitment to add US$1 million to its Financial Aid Program for 2013. The announcement of the university investing a large portion of their funds to the Scholarship Plan for their Business Management School was well received by students and working adults alike.
The financial aid program launched by Richford aims to eliminate loans and debts for all students, replacing it with scholarship grants. The program was initiated to serve the underrepresented and financially constrained students, coming in from low and middle-income families, in order to facilitate them in continuing their educational endeavors.
"Richford University's longstanding commitment to higher education has never been stronger. We are expanding our horizons, broadening our vision and opening new doors of opportunity for more and more students across the world, especially in the Gulf region," said Eric Fisher, Chairman Students Council Richford University, “We began offering financial assistance nearly a decade ago and have been investing in it ever since, making it easier and accessible to all.”
Richford is a leading online educator of working adults in the Gulf region. Since its inception, the university has been working towards promoting literacy and low budget education for its new and current students. They are committed to making higher education opportunities equally accessible to all students, regardless of their financial resources.
“The endowment is just a part of the continued efforts of the university towards creating affordable opportunities for students across the region,” Kristina Cheek, Head of Financial Management at Richford University said. “Our financial aid packages have assisted hundreds of students over come financial constraints. At Richford we are facilitating aspiring professionals transform their lives by empowering them so they can continue their education without depending on anyone else.”
The past year has seen approximately 43% decline in university enrollments in the Gulf region alone. The main reason behind this critical decline in higher education was primarily due to financial reasons and a noticeable jump was reported in the number of students applying for federal student aid. Efforts for making education less daunting with interest free financial aid by universities like Richford are facilitating current and potential students around the world in pursuing higher education.
“Our mission is to make quality education accessible to all and the program was implemented as part of the student facilitation plan. We continue making efforts to assist students coming in from families with calculated incomes with our financial aid plans,” added Dr. Gray Colwell, Communications Director of Richford. “The financial aid services offered at Richford cover a range of packages, providing new applicants with an increased level of simpler and hassle-free solutions.”
To support students pursuing higher studies, Richford University has included a range of services in their financial aid program including scholarships, additional funding and exemptions from academic year fee expectations, along with other services like career counseling, credit transfer and embassy legalization services.
Dr. Gray Colwell