Larry, the Darden School enrolls a total of 485 students. As a percentage, how much financial assistance does the school tend to give to its class constituency?
Let’s start with fellowships and scholarships, that being free money. Right now, approximately 54% of our students receive some form of institutional free money. We also have an outside private organization that serves the Darden School called the Darden Foundation, which provides loans to students in excess of those loans available from the Federal Government. It also provides separate loans of up to $3,700 for computer needs. Probably around 90% of our students take out a loan. The reason that percentage is so high is because every student, regardless of need, is eligible to borrow that $3,700 for a computer loan. And the loan rate on that is probably better than competitive: 6% while students are in school and 8% after graduation.
