BLOOMINGTON, Ind. (Sept. 28, 2015) -- Indiana University wants to raise billions of dollars from alumni and donors by 2020.
This weekend, the school publicly launched the "For All" bicentennial campaign. It's already been in a "silent" phase for more than two years, gaining more than $1 billion in donations. Money will be used at all of IU's campuses across Indiana.
"We’re very ambitious and very confident, actually, that we can achieve (our) goal," IU Foundation President Dan Smith said.
To students like freshman Morgan Hunt, it's a hard number to comprehend: especially when you're just trying to wrap your mind around your own student debt.
"I'm definitely struggling with student loans and student debt," Hunt said. "I'm kind of on my own figure it out right now, so definitely that amount of money would be beneficial."
Smith said the majority of the money will go to student affordability, including scholarships and resources to manage debt.
"Where you nip student debt early is making sure that an Indiana degree is affordable to all," Smith said.
Other initiatives include international and global studies, attracting and retaining faculty, research, and public health programs.
Students told CBS4 that as long as a lot of the money goes to benefit them, they're on board with such a large number.
"Raise as much as you can," student Desmond Williams said.
"I think that’s a lot of money but it will probably help a lot of people," Hunt said.
For more information about the campaign, go to the link here.