University of Georgia officials announced Monday its ongoing fundraising efforts have  created 115 scholarships, saying most of them will be awarded to needy students this upcoming semester.

The scholarships will be given to first-year students with unmet financial need, officials said in a news release.

The university recently began a campaign to raise $1.2 billion by 2020. UGA has collected $227.8 million in new gifts and pledges in the first year of the public phase of the program, which officials said is a record.

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