Scholarships ease financial burden for families – Cleveland Jewish News
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Updated: October 20, 2025 @ 6:26 pm
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Most people – including those who have financed a higher education – have likely heard the following phrase: “Money doesn’t grow on trees.” As the cost of a college education continues to rise, a college’s ability to maintain funds for scholarship opportunities becomes increasingly more impo…
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Monago
Monago
Most people – including those who have financed a higher education – have likely heard the following phrase: “Money doesn’t grow on trees.” As the cost of a college education continues to rise, a college’s ability to maintain funds for scholarship opportunities becomes increasingly more important to students looking to earn their degree.
Malou Monago, vice president of institutional advancement and external relations at the Cleveland Institute of Art in Cleveland’s University Circle neighborhood, said around 100% of the school’s students receive some sort of scholarship or financial aid to attend the school. She works closely with the school’s current and potential donors who put money toward providing financial aid options for students and how they perpetuate these donor relationships.
“A scholarship is probably one of the best gifts any donor can give to a student,” she said. “What we prefer to do for the students as well as for the donors is to set up endowed scholarships, which means they are set up to last in perpetuity so there will always be funds for the students.”
Monago said this allows for the scholarship money to “follow the student” from their first year until their graduation. But, she said, there are also current-use scholarships, which give donors a little more flexibility in how their funds are being used.
“Setting up a scholarship is probably one of the most joyful occasions,” Monago said. “We really work with the donors to figure out what they are interested in supporting. At the same time, we want to make sure that is as flexible as possible, since things may change.”
In working with donors to establish funding opportunities for students, she said there are a few ways the CIA helps ensure donors know where and on whom their money is being spent. She noted they keep donors updated with scholarship reports and thank-you notes from students, as well as provide them with examples of students’ work and opportunities to engage with the school itself.
“We also hold what we call a ‘scholarship brunch,’ where we invite donors and scholarship recipients to meet one another,” Monago said.
Sometimes, she said, a donor is able to develop a direct relationship with a student.
“Depending on the student and how open they are with their information, they can meet the donor so the donor can get to know who they are supporting,” Monago said.
She explained these relationships are just as important for the student as they are for the donor.
“I think it also makes students feel good to know someone believes in them enough to support them and pay for part of their educational expenses,” she said. “Many of the students stay in touch with donors after they graduate because they got to know them during their four years of school.”
Monago noted many scholarship donors also received financial aid when they went to college, so helping to establish scholarships is a way for donors to “pay it forward.”
She said with all the scholarship opportunities out there, a good first step for students to take is to reach out to their prospective schools and find out what they are eligible for.
“When someone comes to or says they are interested in the CIA, we take a look at the whole picture to make sure students know what they may have available to them,” Monago said. “We’ve been very fortunate in that we’ve had lots of people supporting students. While that doesn’t mean they’re getting full support – they may get a couple hundred dollars here, a couple thousand there – we have many, many opportunities, and we’d love to have more of them.”
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