Wichita State University announced a transformative $1 million gift from an anonymous 1958 graduate of the University of Wichita to support need-based scholarships in the W. Frank Barton School of Business, according to a media release from the University.
This gift will directly benefit students who face financial challenges — particularly first-generation students — who make up nearly half of Wichita State’s enrollment. On average, first-generation students receive less financial support from their families and are more likely to rely on private loans to fund their education. Currently, 46% of Wichita State’s undergraduate student population are first-generation college students, highlighting the importance of private financial support.
“Ensuring access and affordability is a promise to our students,” said WSU President Rick Muma. “This gift, alongside the generosity of countless alumni and donors, is a profound reminder that our students’ success goes further with the support of Shocker Nation behind them.”
Private support is critical to realizing Wichita State’s priority to make education accessible and affordable for all Kansans and helps bridge the gap between available public funding and the financial need of students, which averages about $5,600 per undergraduate student.
“In connecting with this individual, the passion to support students who are seeking pathways for stability and opportunity was clear,” said Telly McGaha, president and CEO of the WSU Foundation and Alumni Engagement. “When higher education becomes financially out of reach, talented individuals are inadvertently shut out, and I am very grateful for the individuals in the Shocker community opening doors and expanding opportunity for students now and into the future.”
Daily, students share stories of how scholarship support has facilitated their educational ambitions. These life-changing gifts ease the financial pressures of higher education, freeing students to focus on their studies and get engaged on campus. For many students, that support is the difference between finishing their degree and dropping out.
Scholarships based on financial need are awarded using a formula that compares a student’s Expected Family Contribution (EFC) to the cost of attendance at Wichita State. If the EFC is less than the total cost, the student qualifies for need-based aid.
“Our goal is to prepare students for a business world that values vision, collaboration and innovative problem-solving,” said Dr. Larisa Genin, dean of the Barton School of Business. “By easing financial burdens through scholarships, we empower students to fully engage in transformative experiences that build confidence and critical skills for success beyond their time at Wichita State. We are deeply grateful for this generous gift that will provide many opportunities for Barton School students.”