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OSU Gets Coaches To Help Raise $100 Million For Scholarships
Ohio State University has enlisted the help of two of its premier coaches to help raise millions of dollars in scholarship money. WOSU reports the announcement was made at Fridayâ€™s board of trustees meeting.
In an effort to help students pay for college, Ohio State has set out to raise $500 million for scholarships.
University President E. Gordon Gee has appealed for help from its head football and basketball coaches, Urban Meyer and Thad Matta, to help raise $100 million for Ohio students.
â€œBoth of them are great spokesmen for the university and they carry a great responsibility to make the case,” Gee said.
Coach Meyer welcomes the task.
â€œWhen president Gee and my athletic director came back to see me and said weâ€™d like you to take part, I found out what it was for and absolutely I was all in.â€
And Meyer noted to university trustees how the cost of college and the job market have changed drastically during the last 25 years.
â€œWhen I saw that the intent was to have a young person graduate from Ohio State debt-free and have a fighting chance,” Meyer said. “Because, like I said, back in the day you graduated with a degree, the percentages were in your favor to get a place of employment. Thatâ€™s much different than what is was back in the â€˜80s.â€
Students are racking up more student debt than ever before. By some estimates, student loan debt in the U.S. totals $1 trillion. And Gee acknowledged thereâ€™s a great need to help reduce it.
â€œIf I were in an ideal world, obviously I would love to have no student debt. But clearly we want to make certain that student debt is very low,” Gee said. “At the same time we want to maintain and increase the quality of the institution, so thatâ€™s the reason weâ€™re so focused on this.”
Gee said thereâ€™s no timetable to raise the scholarship money, but he says once the $100 million is raised it will be dispersed for scholarships in each of Ohioâ€™s 88 counties.