In a bid to widen its scope in the field of education, the Lock Haven University Council of Trustees held a meeting on Friday. The Trustees arrived at the conclusion of approving the inclusion of a new bachelor’s degree in finance and risk management within the business and computer science department in the prestigious Stephen Poorman College of Business, Information Systems, and Human Services.
The crucial decision will open the door for scores of students aspiring to pursue a career in finance and risk management.
Meanwhile, the trustees also assessed some latest measures for monetary assistance and affordability for students that also included the utilization of Student Retention Fund. The sole purpose behind the creation of the Student Retention Fund was to offer emergency funding for students who faced monetary obstacles.
LHU is a leading public university based in Lock Haven, Pennsylvania. It is an integral part of the Pennsylvania State System of Higher Education. It provides approximately 69 undergraduate programs and 4 graduate programs.
Meanwhile, the recently approved bachelor’s degree in finance and risk management will include two concentrations: One will be in finance and insurance/risk management or FIRM and another one will be in finance, investment, and planning or FIP.
LHU President Dr. Robert Pignatello asserted,
The addition of the new finance and risk management bachelor’s degree is just one more way of demonstrating our focus on keeping up with, and ahead of, the growing workforce needs in our community.
The LHU strives to offer students a top-quality education that will pave the way for many lucrative employment opportunities, added President Pignatello.
Earlier this year in February, LHU had announced plans to build a school of nursing and seek to expend the nursing program to the main campus amid the rising demand for highly educated nurses in the continuously evolving healthcare environment.
Meanwhile, the addition of new finance and risk management bachelor’s degree will address the basic finance, risk management, and investments. In the coming years, these fields will offer greater employment opportunities to job aspirants.
Apart from this, a new monetary aid strategy was also announced during the meeting that will be based on merit and requirement. LHU’s Enrollment Management Division created the new monetary aid strategy for the first time freshmen. It will combine merit-based assistance, requirement based assistance, and federal and state aid to offer the most effective financial aid package for freshmen, emphasized Stephen Lee, vice president for enrollment management and student affair.
Students who are eligible will get the scholarship during admission time on the basis of their high school grade point average and SAT scores. For in-state students, the scholarship will vary from $500 to $2,500. Meanwhile, the out of state scholarship will vary from $2000 to $4000.