The Virginia College Fund Gives $152,201.42 Grant to Ferrum College
Roanoke, Va. (June 28, 2012) – At its annual meeting in Roanoke on June 28, 2012, The Virginia College Fund (VCF) distributed grants of $713,638 to its five member schools, including Ferrum College, which received $152,201 to be used for general support and student aid. Accepting the grant was Ferrum’s Vice-President for Institutional Advancement, Kim Blair.
“Ferrum College is privileged to be a part of the VCF and is grateful for its generous support. The VCF has been a significant contributor to the college over the past 47 years, making a college education more attainable for our students and their families,” said Blair.
The VCF schools serve a unique demographic. Seventy five percent of attendees are Virginia residents, 30 % are minorities, 30 % are among the first generation in their families to attend college, and 49% come from low to moderate-income households. The majority of the funds raised go toward offsetting the cost of tuition to help make a private college education more affordable. For many students, such help is their only option for higher education.
During its history, the VCF has raised over $18,000,000 for its member schools and students. Three quarters of the funds raised are divided equally among the five schools, and the remaining amount is divided based on full time enrollment.
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About The Virginia College Fund:
Started in 1965, the VCF, a non-profit 501c3 corporation was founded to help support the five member schools and the students who attend. The five schools include Averett University in Danville, Virginia; Bluefield College in Bluefield, Virginia; Ferrum College in Ferrum, Virginia, Eastern Mennonite University
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