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The American College of Greece

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The American College of Greece Embarks on Ambitious 4-Year Plan of Investment in Academics and Financial Aid


In the midst of a severe financial crisis affecting many Greek families, The American College of Greece, Europe’s oldest and largest American educational institution, is in the process of increasing dramatically the resources it dedicates to scholarships and financial aid for students, as well as to academic innovation and excellence.

Athens, Greece, April 25, 2013 --(PR.com)-- The American College of Greece (PIERCE – DEREE – ALBA), Europe’s oldest and largest American educational institution, is in the process of increasing dramatically the resources it dedicates to scholarships and financial aid for students, as well as to academic innovation and excellence.

The ACG Board of Trustees – the non-profit institution’s all-volunteer governing body – has approved a four-year plan that will:

• expand educational opportunities for students by investing a total of $20.5 million through 2016, increasing scholarships and financial aid six-fold, from $1.3 million per year in the 2010 - 2011 academic year to almost $8 million per year in 2015 – 2016.
• invest $4 million over the next four years to support academic innovation and excellence through investments in faculty, academic programs and campus improvements.

These investments in people and programs are the largest such commitment of any private institution in Greece and are part of a broader plan that will make The American College of Greece the premier educational institution of its kind in Southeastern Europe, and a source of innovation and talent for Greece and beyond. In addition to investing its own assets, the College will seek half of the funds from alumni, friends, corporations and foundations.

The financial aid program is designed to alleviate the severe impact of the current crisis on the finances of Greek families and improve access to the quality education offered by ACG. The plan also includes funds to support DEREE - ACG students who spend a semester studying abroad at an American or European university. In addition, the College has established relationships with international companies through which DEREE-ACG students spend 5 months working as interns in locations throughout the world. The result of these programs is that ACG students gain a more international perspective and are better prepared both for the global marketplace and to contribute to Greek society.

The plan, which was endorsed by the ACG Board of Trustees last June, calls for half of the resources to be provided by the College and the rest from fund-raising. In realizing its fundraising goals, the College is following the long-standing American tradition of seeking support from individuals, corporations and foundations dedicated to having a positive impact on future generations.

“We all agree that the economic and social challenges facing not only Greece but the entire world can only be met if we educate the next generation to become innovators able to operate effectively in a global environment,” said Dr. David G. Horner, president of The American College of Greece. “This plan, which matches the resources of the College with those of forward-looking, socially-minded individuals and organizations, aims to give talented Greek and international students the opportunity to develop these skills at ACG, enabling them to maximize their professional potential and become agents of change in society.”

The American College of Greece has an impressive history of receiving financial assistance from abroad, especially from the United States, where support for education is among the top priorities of philanthropic individuals and organizations. One of ACG’s goals is to broaden the appeal of giving to education in Greece.

The American College of Greece (PIERCE – DEREE – ALBA) is a non-profit, non-sectarian educational institution that was founded in 1875. It is the oldest and largest American college in Europe, offering secondary, undergraduate and graduate studies as well as programs in professional education. ACG is accredited by the New England Association of Schools and Colleges (NEASC), the most prestigious accrediting organization in the United States, and has a degree validation agreement with the Open University of the United Kingdom. The College enrolls approximately 4,000 students and has 37,000 alumni who live and work in dozens of countries around the world.

To learn more about this program please contact:

- In the US: George E. Triantaris, Vice President of Development - t. 857 284 7908 ext. 223 orgtriantaris@acg.edu
- In Greece: Mary-Irene Triantafillou, Executive Director of Development - t. 210.600.9800 ext.: 1239 or mtriantafillou@acg.edu”

Media Inquiries:
Office of Media Relations and Publications, The American College of Greece, 6 Gravias Street, Aghia Paraskevi, Athens, Greece – Tel: +30 210 600 89800 ext. 1435; mob. +30 6948809400; e-mail: mediarelations@acg.edu
Contact Information
The American College of Greece
Haris Daskalothanassis
+30 210 6009800 ext. 1435
Contact
www.acg.edu

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