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Been thinking it over, and if the master's program in coal geology is good, I will endow a full ride scholarship for a lucky student who wants to do coal geology for a career. This scholarship would provide full tuition and fees, healthcare and dental and vision, and a generous living stipend by student standards, maybe $25,000 to $30,000 per year just to live on, depending on what the cost of living is like at the time.
I want the scholarship to run all the way to the master's level. If the students want to go on to a PhD after a master's degree, that's awesome, but the university offers support for PhD students, though I might even supplement the stipend since PhD students live in utter poverty most of the time.
I am undecided whether I should offer the scholarship, should the program prove good, to freshman or only to at least a junior who already has a couple years of geology and has proven his or her chops in the subject. In any case, the scholarship would be open to absolutely anyone: white, black, green, man, women -- anyone with the interest and talent to become a master coal geologist. I don't discriminate in mining.
I might, however, only allow it to an "underprivileged" student -- even a poor Appalachian white kid -- since students with rich parents can already pay for their kids' education, and I wouldn't want a poorer kid, who might not be able to afford college, to miss out because a rich kid got the scholarship while not even needing the money.
Am undecided about this and am open to other anons' opinions.