More Donor Support to be Sought for AccessUVa - NBC29 WVIR Charlottesville, VA News, Sports and Weather

More Donor Support to be Sought for AccessUVa

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CHARLOTTESVILLE, Va. (AP) - University of Virginia president Teresa A. Sullivan wants to reduce a financial aid program's reliance on school funding by increasing philanthropic support.

Sullivan tells The Daily Progress that AccessUVa will be a major focus in future university fundraising efforts. She says money raised by the campaign should be enough to start an endowment to support the program.

Sullivan recently donated a 2 percent pay raise to support AccessUVa.

AccessUVa began in 2004 and cost the university $11 million in the first year. The cost rose to about $40 million in 2012.

In August, the university's Board of Visitors ended a "no-loans" policy that had been in effect since its beginning. The board voted to replace $7,000 in grant aid for the lowest-income students with loans.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Information from: The Daily Progress, http://www.dailyprogress.com

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