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The Terrace grad board is excited to announce the initiation of an alumni-sponsored Financial Aid Fund!
Pre-pandemic, Terrace offered an average of $60,000 per academic year in financial aid to 40% of our members. This financial aid has historically been funded by our operating budget. For the upcoming school year, we have made financial aid less restrictive to include more students with varying needs not met by the University financial aid calculations. Similarly, given the ongoing, negative financial impact of the pandemic, we believe that it is in the best interest of our members to lower our dues for the
Thus, given both our lack of revenue from this past year and a decline in revenue for the upcoming year, we anticipate that our operating budget may not be enough to fund our financial aid program. Just as Terrace was the first club to recognize that gender, sexual orientation, religion, or other status should not prevent someone from participating in an eating club community, we want to make sure financial status doesn’t deter anyone from joining. Therefore, we are starting a dedicated alumni-supported Fin