Loyola University Chicago

Loyola University Chicago

University Newsroom


Media Contact:
Steve Christensen
Director of Communication

Alumnus Endows Memorial Scholarship for Business Students at Loyola University Chicago

CHICAGO, July 10, 2014 – Howard L. Arons (MBA ’76) has endowed the Carol Arons Memorial Scholarship in Finance at the Loyola University Chicago Quinlan School of Business. The scholarship, named in honor of Mr. Arons’s wife of 53 years, will support Loyola students who are seeking a graduate degree in finance. The scholarship will be awarded for the first time this fall.

Carol Arons passed away in 2013 after a long illness. She had an intuitive grasp of the mathematics of finance, as well as an abiding interest in how an understanding of financial principles can influence the lives of ordinary people.

Mr. Arons, a resident of Yardley, Pennsylvania, earned a PhD from the University of Wisconsin-Madison in 1962 and an MBA in finance from Loyola University Chicago in 1976. He spent his career applying his knowledge of chemistry to the business aspects of industrial science and retired from Union Camp Corporation, in Lawrenceville, New Jersey, in 1998.

“We are thankful for the generosity of Mr. Arons. His gift will make graduate education in business more accessible for future generations of students, and thereby help us to fulfill our mission,” said Kathleen A. Getz, PhD, dean of the Quinlan School of Business.

About Loyola University Chicago
Founded in 1870, Loyola University Chicago is one of the nation’s largest Jesuit, Catholic universities, with nearly 16,000 students. More than 10,000 undergraduates hailing from all 50 states and 82 countries call Loyola home. The University has four campuses: three in the greater Chicago area and one in Rome, Italy, as well as course locations in Beijing, China; Saigon-Ho Chi Minh City, Vietnam; Vernon Hills, Illinois (Cuneo Mansion and Gardens); and a Retreat and Ecology Campus in Woodstock, Illinois. The University features 10 schools and colleges, including the Quinlan School of Business, Marcella Niehoff School of Nursing, Stritch School of Medicine, College of Arts and Sciences, School of Communication, School of Continuing and Professional Studies, School of Education, School of Law, School of Social Work, and The Graduate School. Consistently ranked a top national university by U.S. News & World Report, Loyola is also among a select group of universities recognized for community service and engagement by prestigious national organizations like the Carnegie Foundation and the Corporation for National and Community Service. To learn more about Loyola, visit LUC.edu, “like” us at Facebook.com/LoyolaChicago, or follow us on Twitter via @LoyolaChicago or @LoyolaNewsroom.

About Loyola’s Quinlan School of Business
Focused on responsible leadership, the Quinlan School of Business at Loyola University Chicago offers undergraduate, graduate, and executive education in the heart of downtown Chicago, with campuses and partnerships in Rome, Beijing, and Saigon-Ho Chi Minh City. The school houses six centers charged with producing research and enhancing connections to the global business community, including the Center for Risk Management, the Center for International Business, the Center for Financial and Policy Studies, the Family Business Center, the Supply and Value Chain Center, and the Center for Social Enterprise and Responsibility. Founded in 1922, the school was an early pioneer in Jesuit business education and is firmly grounded in ethics. The school is named for Michael R. Quinlan, a double Loyola alumnus. To learn more about Loyola’s Quinlan School of Business, visit Twitter.com/LoyolaQuinlan, Facebook.com/LoyolaQuinlan, and LUC.edu/Quinlan.

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