FARMINGTON – The University of Maine at Farmington is making an additional $250,000 in financial aid available, mainly for in-state students with financial need who are applying for the fall 2009 semester.

While families are struggling with economic issues, providing access to higher education for Maine people is a priority, said William Geller, vice-president for administration.

“It is during challenging times like these that we must affirm UMF’s dedication to providing our young people with the opportunity to become the best they can be,” said Theodora J. Kalikow, UMF president. “Investing in our students now is the key to Maine’s success in the future.”

The additional funds will be added to a scholarship pool that totals about $2 million, Geller said. It will be used to increase the number of students receiving aid and meet a higher percentage of a students’ demonstrated need by helping close the gap created when their financial need exceeds the financial aid they are offered.

Part of the additional funds will be collected from a 6 percent tuition increase and the rest reallocated from another program to the scholarship program.

Recent difficulties obtaining student loans and the cost of out-of-state colleges in double-digit figures may discourage people from going to college, Geller said.

“Our priority is taking care of students,” he said. He hopes the announcement will provide encouragement to help students continue their education.

Between 70 to 80 percent of UMF students receive some form of financial assistance – scholarships, grants, loans or work-study positions. UMF employs 800 students in a typical semester. Of the approximate 2,000 students enrolled at UMF for the 2007-08 academic year, 1,414 students received financial assistance with an average award of $8,719, according to university officials.

Financial aid assistance packages are determined by a formula set by the federal government.