The Daily Bulletin reports that Claremont Graduate University has received a $1 million gift to fund a fellowship for female MBA student. The article, by Will Bigham, says:
Starting in the fall 2008 semester, five students selected as Doris Drucker Fellows will receive partial scholarships to the university's Peter F. Drucker and Masatoshi Ito Graduate School of Management.The Bulletin said that the program will fund up to 40% of a student's tuition.
The gift will also establish an endowment to fund the fellowship in the future, said Ira Jackson, dean of the Drucker School.
"The gift will allow us to create a new program the Drucker School for outstanding women managers who we will be able to bring to the school with scholarship assistance," Jackson said.
The namesake of the fellowship, Doris Drucker, is the wife of late management thinker Peter F. Drucker, a longtime friend and associate of Ito's.
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The Pomona College Board of Trustees announced last month that they will to eliminate student loans as a component of financial aid packages.
As with every other college, costs at Pomona are rising every year. A Bulletin article from December 27th said:
Since the 2003-04 academic year, costs for tuition as well as room and board at the college have risen from $36,870 to $45,380.The change in aid covers only the school's portion of student costs. Students and their families will likely continue to take out loans to pay the family portion of the costs, but the Bulletin article quoted a Pomona official who said that the family portion of costs doesn't rise as fast as the amount the school pays.
From the previous school year to the current, the cost increased 6.9 percent. That was the highest year-to-year increase in the past five years.
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