Named scholarships

When it comes to earning a college degree, the greatest obstacle can be funding.

For this reason, The University of Akron is pleased for the opportunity each year to assist talented, deserving students achieve their dreams, thanks to more than 1,300 named scholarships established through the kindness and generosity of thousands of UA alumni and friends, corporations, and foundations.

Scholarships truly are the best way to ensure that today’s students persist to graduation. Scholarships allow students to enroll full time and remain focused on their studies; they also reduce drop-out rates, decrease the stress of student loans, and shorten the road to graduation.

The need for scholarships grows each year, however, as students continue to face an increased financial burden in pursuit of a college degree. In fact, 94 percent of today’s baccalaureate students borrow to pay for college – versus just 45 percent in 1993. Across the country, the average college-related debt for borrowers in the class of 2016 was $37,172; for Ohio students, that figure was $30,239.

If you are interested in making a significant contribution to student success, please consider a gift to the MAKING A DIFFERENCE AND MOVING FORWARD scholarship campaign, which is the University's most important initiative. You may also establish a named scholarship at The University of Akron, which can be created to honor a living person, in memory of a loved one, or to contribute to the growth of an area of study.

To learn more, please contact the Department of Development at 330-972-7238

How do I apply for a scholarship?

This is not the page to apply for scholarships.

Students who want to apply for scholarships should visit the scholarship page on the Financial Aid site.

The Department of Development does not accept applications for or distribute scholarships. Scholarships are distributed through the University’s Office of Student Financial Aid.

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Terry, Michael J. and Amy L. Endowed Scholarship

The Michael J. and Amy L. Terry Endowed Scholarship was established in 2015 by University of Akron graduates Michael J. and Amy L. Terry, who share a passion for helping students pursue their dreams in higher education.


Michael earned a Bachelor of Science in electrical engineering with a minor in computer science from UA in 1991. He was a member of the Honors College, Eta Kappa Nu, and the Institute of Electrical Engineers. From 1988 to 1993, he worked as a consultant with Goodrich Aerospace, and from 1991 to 1994 he was a software engineer with Forry Inc. In 1994, Michael co-founded Sanctuary Software Studio Inc., where he serves as president.


Michael is a member of The University of Akron Computer Science Advisory Board and the Electrical and Computer Engineering Advisory Board. He also was granted U.S. Patent No. 6384611 for his development of an ice thickness detector.


Amy earned a Bachelor of Arts in education, magna cum laude, in 1991 and a Master of Science in applied mathematics in 1996, both from The University of Akron. During her time as a student, she served as a graduate teaching assistant and an undergraduate Honors Scholar. From 1993 to 1999, Amy taught mathematics in Akron Public Schools, and from 1997 to 1998 she was a part-time mathematics instructor at The University of Akron. In 1999, she joined Mercer and worked as a consultant until 2011, when she joined Tegrit Group, first as a senior actuarial consultant and later as director of benefits administration and outsourcing. In 2014, she joined Equity Trust Company, where she currently is director of operations. Amy also serves as treasurer of Worldwide Employee Benefits Network, Cleveland Chapter.


The Michael J. and Amy L. Terry Endowed Scholarship shall be awarded annually to a student majoring in computer engineering, electrical engineering, computer science, or applied mathematics. Incoming freshmen admitted directly into the College of Engineering or the Buchtel College of Arts and Sciences, as well as sophomore- through senior-level students, are eligible to apply. Students must display a strong work ethic from job experiences in high school and/or college. Students will be required to complete an essay and provide a resume to show work experience, of any kind. Department chairs must collect applications by March 15 each year. The final selection shall be made by Michael and Amy Terry or their designee.

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