At the same time, applications to Penn State continue to climb. In the last year, the University received 83,702 undergraduate applications, a nearly 14 percent increase. So far, this academic year is in keeping with that upward trend.
“The robust applicant pool this past year featuring prospective students with very strong academic credentials is clearly carrying into the current admissions cycle for which baccalaureate applications so far exceed 49,000, an increase of 8 percent over this time last year,” said Rob Pangborn, vice president and dean for Undergraduate Education.
The student body shows greater diversity as well. Minority students make up 23 percent of fall enrollment at the campuses and 17 percent at University Park compared to 13 percent a decade ago.
Building on that increase in diversity is one of the six imperatives President Eric Barron has identified as a key focus area for the University. Likewise, making sure Penn State remains accessible to all qualified students is a priority.
Philanthropic giving
In an era when universities are increasingly reliant on private giving, Penn State has since 2009, seen an 88 percent increase in its endowment, a 49 percent increase in annual fundraising and a 17 percent increase in the number of donors. In 2013-14, the University received support from 190,502 donors.
Much of that donor support is focused on student scholarships that help ensure the University remains accessible.
Rod Kirsch, senior vice president for Development and Alumni Relations, noted that Penn State's alumni and friends made more than 2 million gifts to the University during “For the Future: The Campaign for Penn State Students,” which was recently completed.
“Each one of those gifts should be a source of pride to our community,” Kirsch said. “That support — more than $2.188 billion in total, making us one of only a dozen public institutions to hit a $2 billion goal — will fuel the ambition of our students, faculty and staff for years to come.
The campaign’s impact has been especially profound for undergraduates who might not be able to earn a Penn State degree without the $530 million in new scholarship support raised.”
He said the campaign reflects the commitment of Penn State graduates to keeping the University’s opportunities within reach and creating a better Penn State for future generations.