RHODES FELLOWSHIP

Frank and Rosa Rhodes Class of 1962 Tradition Fellowship

From an original endowment of $60,000 ($21,000 from the Class Gift Fund, $24,000 from six classmates, and $15,000 through a matching grant to the University) in 1995, the value of our Tradition Fellowship is today in excess of  $162,000, helped along by additional gifts from the Class Gift Fund and individual classmates.  The money is held by the University in the Long Term Investment Pool.

For more than a decade, the Class has been helping to fund one of the most practical national student aid programs on the Hill. Currently, the Frank and Rosa Rhodes Tradition Fellowship provides a bit more than $7,000 per year to students who fulfill work and volunteer requirements, as well as maintain a specific grade point average. But what’s unique about this program is that the monies go toward reducing student loans. In other words, if a student qualifies for four years, he or she can reduce his/her student loan bill by much as $28,000. Since 1995, we’ve helped 14 students to do just that.

Here is the list of our recipients.