Roughly 3,500 alumni and friends of Rutgers University have raised more than $10 million in one year toward the university's Scarlet Promise Grants program, which provides need-based financial aid and emergency support to more than 9,000 Rutgers student annually.
According to the university, Rutgers has one of the highest rates of students with "significant financial need" when compared to its Big Ten and Association of American Universities peers. More than half of the students at Rutgers University-Camden and Rutgers University-Newark receive Pell Grants each year.