Statewide effort gets scholarship money to students.

The article provides information on the Oregon Student Assistance Commission (OSAC), a state agency that works to assist students by finding scholarship donors for them. The agency manages 370 privately funded scholarships and administers $4 million in scholarships each year. Scholarship donors have an option to either provide a certain amount of money each year or establish an endowment to be used for scholarships. OSAC is funded through a percentage of the scholarship amount agreed to under a contract.