Scholarships in the United States

Last updated

A scholarship is defined as a grant or payment made to support a student's education, awarded on the basis of academic or other distinction. [1] "Scholarship" has a different meaning in the United States than it does in other countries, with the partial exception of Canada. Outside the U.S., scholarship is any type of monetary award to fund education. In the United States, the only country with a national system that determines a student's financial need (see Expected Family Contribution), [2] and where universities are far more expensive than in other countries, a scholarship is money for which the student must qualify in some way, and the term "grant" - an award the student receives because of financial need - is used for what in other countries are called scholarships.

Contents

Scholarships in the U.S. are awarded based upon various criteria, which usually reflect the values and purposes of the donor or founder of the award. Some scholarships for college are merit-based. Merit scholarships might be awarded based on academic achievement or on a combination of academics and a special talent, trait, or interest. Other scholarships are based on financial need. [3] Scholarship money is not required to be repaid. [4] Scholarships are not a large component of college financial aid in the United States; they are far surpassed by grants, for which the only qualification is financial need, interest-free loans (while the student is in college), and subsidized campus employment. [5] (See Student financial aid in the United States.) A student who receives a scholarship may find other (need-based) financial aid reduced by the amount of the scholarship, so the net benefit of the scholarship to the student especially the poor student may be zero.

Scholarships versus grants

In the U.S., a grant is given on the basis of economic need, determined by the amount to which the college's Cost of Attendance (COA) [6] [7] exceeds the Expected Family Contribution (EFC), [8] calculated by the U.S. Department of Education from information submitted on the Free Application for Federal Student Aid (FAFSA) following formulas set by the United States Congress. (The federal EFC is sometimes modified, usually upwards, in awarding non-federal grants.) The federal Pell grant program [9] is an entitlement: if the applicant meets the requirements - has economic Need (COA exceeds EFC), is studying at least half time towards a first undergraduate degree, is a U.S. citizen or eligible alien - the award of the money is automatic. The student has a right to it (is entitled). [10]

In some cases obtaining scholarships does not help the student or her/his family. Scholarships reduce financial need, and the amount of the scholarship can cause need-based aid, which the student would have received anyway, to be reduced by the amount of the scholarship. [11]

The English Access Microscholarship Program

The English Access Microscholarship Program is an international project that was created by the U.S Department of State aimed at helping teens (13–20 years-old) from economically disadvantaged backgrounds to have better opportunities in employment, education, and life in general. [12] Access promotes skills and knowledge in the English language, as well as giving students the ability to compete and participate in future exchanges and study in the United States. [13]

Each student receives 128 hours of instructions per year. It consists of 4 hours per week, for a total of 32 weeks, plus 72 hours of intensive two-week summer program each year. Approximately 95,000 students in more than 85 countries have participated in the Access Program since its founding in 2004.

The English Access Micro-Scholarship Program has reached out to other countries. The U.S. Embassy in Chisinau, Moldova [14] has made available grants proposals from possible implementing partners for the 2017 – 2019 Access Program. The purpose is to provide underprivileged young students opportunities to learn English and promote leadership skills by educating them regarding American culture. This program provides two years of English lessons or minimum of 180 hours of instruction annually. [15] In Algeria, the US Department of State launched the Program in February 2015 up to September 2018. The target is students from 13 to 20 years old from deprived sectors worldwide. World Learning will collaborate with eight schools in this country with 200 students participating in various programs for two years and receive 360 hours of instruction. [16]

See also

Related Research Articles

<span class="mw-page-title-main">Scholarship</span> Financial aid for a students education

A scholarship is a form of financial aid awarded to students for further education. Generally, scholarships are awarded based on a set of criteria such as academic merit, diversity and inclusion, athletic skill, and financial need, research experience or specific professional experience.

<span class="mw-page-title-main">Student loan</span> Type of loan for educational expenses

A student loan is a type of loan designed to help students pay for post-secondary education and the associated fees, such as tuition, books and supplies, and living expenses. It may differ from other types of loans in the fact that the interest rate may be substantially lower and the repayment schedule may be deferred while the student is still in school. It also differs in many countries in the strict laws regulating renegotiating and bankruptcy. This article highlights the differences of the student loan system in several major countries.

<span class="mw-page-title-main">Union College (Kentucky)</span> Private college in Barbourville, Kentucky, U.S.

Union College is a private college in Barbourville, Kentucky. The college was founded in 1879 and is affiliated with the United Methodist Church. Union's approximately 825 undergraduate students represent 27 states and 9 countries.

The Free Application for Federal Student Aid (FAFSA) is a form completed by current and prospective college students in the United States to determine their eligibility for student financial aid.

Student financial aid in the United States is funding that is available exclusively to students attending a post-secondary educational institution in the United States. This funding is used to assist in covering the many costs incurred in the pursuit of post-secondary education. Financial aid is available from federal and state governments, educational institutions, and private organizations. It can be awarded in the form of grants, loans, work-study, and scholarships. In order to apply for federal financial aid, students must first complete the Free Application for Federal Student Aid (FAFSA).

<span class="mw-page-title-main">HOPE Scholarship</span>

The HOPE Program created in 1993 under the supervision of Georgia Governor Zell Miller, is Georgia's scholarship and grant program that rewards students with financial assistance in degree, diploma, and certificate programs at eligible Georgia public and private colleges and universities, and public technical colleges. HOPE is funded entirely by revenue from the Georgia Lottery and is administered by the Georgia Student Finance Commission (GSFC). The HOPE Scholarship Program has awarded over $14 billion to more than 2.1 million Georgia students since its inception in 1993.

The Tuition Assistance Program is a financial aid program for students who are New York State residents and who are attending a post-secondary educational institution in New York. It is a program of the Higher Education Services Corporation which is a New York State Agency.

Need-blind admission in the United States refers to a college admission policy that does not take into account an applicant's financial status when deciding whether to accept them. This approach typically results in a higher percentage of accepted students who require financial assistance and requires the institution to have a substantial endowment or other funding sources to support the policy. Institutions that participated in an antitrust exemption granted by Congress were required by law to be need-blind until September 30, 2022.

A Pell Grant is a subsidy the U.S. federal government provides for students who need it to pay for college. Federal Pell Grants are limited to students with exceptional financial need, who have not earned their first bachelor's degree, or who are enrolled in certain post-baccalaureate programs, through participating institutions. Originally known as a Basic Educational Opportunity Grant, it was renamed in 1980 in honor of Democratic U.S. Senator Claiborne Pell of Rhode Island. A Pell Grant is generally considered the foundation of a student's financial aid package, to which other forms of aid are added. The Federal Pell Grant program is administered by the United States Department of Education, which determines the student's financial need and through it, the student's Pell eligibility. The U.S. Department of Education uses a standard formula to evaluate financial information reported on the Free Application for Federal Student Aid (FAFSA) for determining the student's Expected Family Contribution (EFC).

The National Science and Mathematics Access to Retain Talent (SMART) Grant was a need based federal grant that was awarded to undergraduate students in their third and fourth year of undergraduate studies. The National SMART grant was introduced to help maintain the edge that United States has in the fields of Science and Technology. Only specific majors were eligible for the SMART grant, the complete list is given below.

Federal Student Aid (FSA), an office of the U.S. Department of Education, is the largest provider of student financial aid in the United States. Federal Student Aid provides student financial assistance in the form of grants, loans, and work-study funds. FSA is a Performance-Based Organization, and was the first PBO to be established in the US government.

In the post-secondary education system of the United States, an expected family contribution (EFC) is an estimate of a student's, and for a dependent student, their parent(s)' or guardian(s)', ability to pay the costs of a year of post-secondary education. The EFC is used in the United States student financial aid process to determine an applicant's eligibility for need-based federal student aid. In most cases, the same estimate is also used for state and institutional (college-based) financial aid. The EFC is included on the Student Aid Report and Institutional Student Information Record, which are sent after filing a form called a Free Application for Federal Student Aid (FAFSA).

Cal Grant is a financial aid program administrated by the California Student Aid Commission (CSAC) providing aid to California undergraduates, vocational training students, and those in teacher certification programs. Cal Grants are the largest source of California state funded student financial aid.

The Federal Work-Study Program originally called the College Work-Study Program and in the United States frequently referred to as just "Work-study", is a federally-funded program in the United States that assists students with the costs of post-secondary education. The Federal Work-Study Program helps students earn financial funding through a part-time employment program. Approximately 3,400 institutions participate in the program.

Gaining Early Awareness and Readiness for Undergraduate Programs is a federal grant program administered by the United States Department of Education. It was established in Chapter 2 of the 1998 amendments to the Higher Education Act of 1965 which awarded financial assistance to students and colleges from the federal government. GEAR UP was authored by Congressman Chaka Fattah and signed into law by President Bill Clinton in October, 1998.

Edifi, a name constructed from "education" and "finance", was a college financial aid services company located in Albany, New York, which operated nationally. Its legal name was CFAS, LLC. Its central activity was filling out the Free Application for Federal Student Aid, best known as FAFSA, for parents of college applicants. At the time this was a paper form.

Bridget Terry Long is the 12th Dean of the Harvard Graduate School of Education, and the Saris Professor of Education and Economics. She is an economist whose research focuses on college access and success. Long is a Faculty Research Associate at the National Bureau of Economic Research and a member of the National Academy of Education.

Saginaw Chippewa Tribal College (SCTC) is a public tribal land-grant community college in Mount Pleasant, Michigan. The college was established in 1998 by the Saginaw Chippewa Tribal Committee.

The federal government of the United States has limited authority to act on education, and education policy serves to support the education systems of state and local governments through funding and regulation of elementary, secondary, and post-secondary education. The Department of Education serves as the primary government organization responsible for enacting federal education policy in the United States.

<span class="mw-page-title-main">Frank (company)</span> American technology company

Frank was an American technology company that helped students find free scholarship money through an online college financial planning platform. Launched in 2016 by 24-year-old Charlie Javice, the software guided students through the online FAFSA application, helping them complete more than 100 questions within a few minutes.

References

  1. "Google".
  2. "How Aid Is Calculated". Federal Student Aid. 2017-07-30. Retrieved 2018-06-12.
  3. "Finding and Applying for Scholarships". Federal Student Aid. 2012-04-24. Retrieved 2018-01-22.
  4. Peterson, Kay (4 September 2008). "Financial Aid Glossary". fastweb. Retrieved 28 May 2012.
  5. Scott-Clayton, Judith; Minaya, Veronica (July 2014). "Should Student Employment Be Subsidized? Conditional Counterfactuals and the Outcomes of Work-Study Participation". doi: 10.3386/w20329 .{{cite journal}}: Cite journal requires |journal= (help)
  6. "Cost of Attendance". fafsa.ed.gov. Retrieved 2018-07-15.
  7. "How Colleges Figure "Cost of Attendance"". COLLEGEdata. Retrieved 2018-07-15.
  8. "How Aid Is Calculated". Federal Student Aid. 2017-07-30. Retrieved 2018-07-15.
  9. "Federal Pell Grant Program". www2.ed.gov. 2015-06-04. Retrieved 2018-07-15.
  10. "Grants and Scholarships". Federal Student Aid. 2017-09-22. Retrieved 2018-06-12.
  11. "beware: Scholarships can reduce your need-based financial aid", fastweb.com, http://www.fastweb.com/college-scholarships/articles/beware-scholarships-can-reduce-your-need-based-financial-aid, retrieved May 7, 2015.
  12. "English Access Microscholarship Program – World Learning". www.worldlearning.org. Retrieved 2018-07-15.
  13. "Home". exchanges.state.gov. Retrieved 2018-06-12.
  14. "Grants Program: Call for proposals for civil society promotion | U.S. Embassy in Moldova". U.S. Embassy in Moldova. 2017-01-17. Retrieved 2018-07-15.
  15. "The 2017-2019 English Access Microscholarship Program Announcement | U.S. Embassy in Moldova". U.S. Embassy in Moldova. 2017-03-23. Retrieved 2018-06-12.
  16. "World Learning, Inc" . Retrieved 2018-06-12.

Further reading