Binghamton University officials announced that new scholarship programs are coming to the university.

These programs are thanks to a anonymous family donation of more than $37 million.

It will begin with 25 incoming undergrad students per class year until the program reaches a steady state of 100 scholarships awarded per year.

The scholarships will be divided into two groups:

20 incoming first-year students will receive a scholarship of $10,000 per year for up to four years as long as the student maintains a minimal GPA threshold.

The second group goes to five incoming first-year students who will receive a scholarship up to the in-state resident full cost of attendance (approximately $30,000) per year for up to four years as long as the students maintains a minimal GPA threshold.

In addition, the anonymous donors also endowed a scholarship program for Graduate Students of the Arts pursuing a Master of Fine Arts.

These scholarships will cover full tuition for 15 incoming grad students until the number grows to 30 students.