News & Views Summer 1996
July 15, 1996News & Views Spring 1997
April 15, 1997
News & Views is a semiannual publication of Springer School and Center. The newsletter is published in the winter and summer of each year, and it features news pertaining to Springer's Board of Trustees and activities in Springer's Day School and Center.
Annual Fund Drive Seeks Financial Aid
Trustee and alumni parent Rick Blum is once again heading Springer's Annual Fund Drive with a goal of raising $175,000. The funds will be awarded as partial financial aid grants to students for whom the program's tuition would be a significant burden. This year, more than $290,000 has been allocated. The Annual Fund Drive is the largest single source of support for the school's financial aid program. More than a quarter of the students enrolled receive assistance ranging from 10% up to 90% of the current year's tuition.
An important feature of this program is that the parents agree to pay back 12% of the amount received within three years of the student's graduation from Springer. The thinking behind this policy is that the amount awarded is seen more as a loan rather than an outright gift, and it becomes another way of "giving back" so that future students can have the same chance to benefit from the program as their child. Collection rate is nearly 100%!