DMC president to set up program to provide scholarships to kids

December 23, 2011

Although many postsecondary institutions provide scholarships to prospective students, not everyone who applies is guaranteed to receive a cash prize. In turn, this can make it difficult to pay for tuition and fees throughout college.

As more high school students graduate with dreams of earning a higher education, individuals are reaching into their pockets to provide financial resources to these academically-motivated kids. Mike Duggan, the president and CEO of the Detroit Medical Center (DMC), is one of them. Recently, Duggan announced that he will be creating a scholarship fund to benefit DMC employees' children, according to The Detroit News.

"Our own kids' education is paid for," Duggan told the news source. "This next generation of kids are starting off with more debt than any other, so I wanted to do something to help employees who were the ones who turned this place around, and it seemed like the most practical way to give their kids a little head start." 

College grants and scholarships are helping more students attend school by curbing the cost of tuition. They are also feasible financial resources that do not have to be repaid in the future.

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