<p>“The Victors for Michigan Campaign goal of raising $1B for student scholarship should help.”</p>
<p>Keep in mind: 1) the school has raised nearly $1B historically which has grown to $1.7Bn; 2) the $1B mentioned above is incremental to the $1.7Bn…so if they hit their target the total will be $2.7Bn specifically tagged for aid (ex ante investment returns); 3) at the usual spend rate of roughly 4.5% this will be roughly $120MM/year for aid;</p>