RAPID CITY, S.D. (Feb. 28, 2014) – The F.L. Clarkson Family Foundation,
Pioneer Bank & Trust and Davis FLP have committed $50,000 to freshmen
scholarships at the South Dakota School of Mines & Technology.
The commitment will help support the university’s growing enrollment.
With 553 first-time students, this year’s freshman class increased by 20
percent compared to the previous year. Mines’ overall enrollment is 2,640.
One of the university’s strategic priorities is to increase
enrollment to 3,500 by 2020, and offering scholarships to incoming freshmen is
key to achieving that goal. One
of the deciding factors on whether some students will be able to enroll at
Mines is scholarships.
“In an effort to follow two of the Clarkson Family
Foundation’s tenets, one being to promote education and the other being to
champion the rights and liberties guaranteed by the Constitution, we are
pleased to be able to support students seeking higher education in South
Dakota’s universities and trade schools. Youth are the future of this state and
of this nation and the goal is to help them to become hard working, taxpaying,
contributing members of society,” said Jeb H. Clarkson of the F.L. Clarkson
Heather Wilson thanked the Clarkson Family Foundation, Pioneer Bank and Davis
FLP for their gift and said a scholarship is a great investment in student
“A freshman scholarship can mean the difference
between a family deciding they can afford college or deciding to choose another
path,” Wilson said. “We
continue to get applications from highly qualified students who will be able to
do the hard work to succeed at Mines, and if we can
narrow the gap between what an education at Mines costs and what a family can
afford, then we all benefit.”
new freshmen have enrolled at Mines, chances are they will stay throughout
their college careers. In the fall of 2013, the first- to second-year retention
rate from fall 2012 was 79 percent.
With a 98 percent placement rate for its
graduates, the School of Mines continues to prepare leaders for the high demand in
science and engineering fields. The average starting salary for a Mines
graduate is $62,400.
in 1885, the South Dakota School of Mines & Technology is a science and
engineering research university located in Rapid City, S.D., offering
bachelor’s, master’s and doctoral degrees. The university enrolls 2,640
students from 45 states and 37 countries, with a student-to-faculty ratio of
14:1. The average starting salary for graduates is $62,400 with a 98 percent
placement rate. Find us online at www.sdsmt.edu, on Facebook at https://www.facebook.com/sdsmt and on Twitter at https://twitter.com/sdsmt.