RMIT University has announced it will match donations to a new RMIT Scholarship Philanthropy Fund up to $10 million.
The fund aims to dramatically increase the number of scholarships available for undergraduate and postgraduate students.
The matched funding means donors who give to scholarships will effectively double the impact of their donation, with 100 per cent of the funds raised going directly to students.
RMIT currently offers more than 2,000 scholarships to students, enabling those from diverse and disadvantaged backgrounds to fulfil their potential.
However, every year there are significantly more eligible students applying than scholarships available.
Vice-Chancellor and President, Professor Margaret Gardner AO, said the initiative continued RMIT's significant investment in scholarships, excellence and equity in education.
"This is also an important investment in our tradition and culture of philanthropy, as an institution originally established thanks to a donation from a local philanthropist in 1887, which was then matched by the people of Melbourne," she said.
"Scholarships provide the crucial support that allows many young people to access tertiary education.
"Without this support, the basic costs of buying study materials and simple living expenses can make university life unattainable for many promising students.
"Every scholarship has a far reaching impact. Education not only changes one individual, it increases an individuals' capacity to contribute to the world."
This initiative is part of RMIT's long-term commitment to scholarships and is separate from recently announced higher education funding changes.
Scholarships are one of the key areas at RMIT supported by donations. Donations to the new fund will be awarded as scholarships to disadvantaged and high achieving undergraduate and postgraduate students.
RMIT is currently running an annual appeal for donations to scholarships, inviting staff, alumni, donors and other supporters to donate to scholarships for disadvantaged undergraduate students.
Professor Margaret Gardner AO is available for interviews. Current scholarship students are also available.
For interviews: Louise Handran, (03) 9925 9088 or 0400 715 363.