Hockfield's presidency saw the most successful period of fundraising in MIT history, during which MIT raised nearly $3 billion. However, the global financial crisis put great pressure on the Institute's endowment, which was valued at $5.9 billion upon Hockfield's arrival. It peaked at $9.9 billion in June 2008, then fell to $7.9 billion. By June 2011, it was valued at $9.7 billion. Through the financial ups and downs, Hockfield made affordability a priority: annual undergraduate financial aid increased by about 75 percent during her presidency.