Scholarships: Money for Nothing

College Scholarships Source: Every year there are billions of scholarship dollars awarded. Here’s how to get YOUR piece of the pie. A brief history of scholarships 1643: first scholarship, established by Lady Anne Radcliffe Mowlson, Harvard U. 1840: first student loan program. Harvard 1944: G.I. Bill, Serviceman’s Readjustment Act 1995: First free large online scholarship search database (FastWeb) $46 billion: amount of FREE scholarship money awarded each year by the Department of Education and colleges $35 million: amount of college scholarships money available through private companies, foundations, and civic groups ONLY $3 million of these scholarships to college is unrestricted. • U.S. and state governments • Federal Pell Grants (based on need): $5,645 (for the year 2013-2014) max. individual grant • Iraq and Afghanistan Service Grant: $5,645. You may be eligible if your parent or guardian was a member of the U.S. armed forces and died as a result of military service in Iraq or Afghanistan after 9/11. • States: Lottery funds grants for state residents in state colleges in Georgia, North Carolina, South Carolina, Arkansas, New Mexico, Oklahoma, Tennessee • Corporations • 5 Popular corporate scholarships • Dr. Pepper Million Dollar Tuition Giveaway. Application Deadlines: December 31, annually. $2,500-$100,000. • Ronald McDonald House Charities Scholarship Program. Application Deadlines: January 21. Since 1985, more than $44 million awarded. • Coca-Cola Scholars Program. Oct. 31. Achievement-based scholarship awarded to 250 high school seniors each year. Fifty of these are four-year, $20,000 scholarships ($5,000 per year for four years), while 200 are designated as four-year, $10,000 scholarships ($2,500 per year for four years). • Dell Scholars Program. Application Deadlines: January 15. 250 scholarships, each $20,000. Total annual equals $5 million. Offered to those high school students participating in an approved AVID program. • Gates Millennium Scholars Program. Application Deadlines: January 15. Awarded to outstanding African American, American Indian/Alaska Natives, Asian Pacific Islander Americans, and Hispanic American students • Universities (types of scholarships) • Academic: thousands available. Google your school of choice. • Athletic: there were 177,159 athletic scholarships awarded in 2012 • Philanthropists: Many famous scholarships come from stipulations in their wills, for instance, the Rhodes scholarship, began in 1902. Famous Rhodes scholars include: • Pro football quarterback Pat Haden, • Political pundit Rachel Maddow • Former President Bill Clinton • Henry Ford, founder of Ford Motor Company, Ford Foundation • George Soros, financier, The Soros Foundation Network • Eli Lilly and Family, Pharmaceuticals, Lilly Endowment Corp. • Hugh Grant: Galsworthy scholarship to New College, Oxford • Madonna: dance scholarship to the University of Michigan • Denzel Washington: scholarship to attend the American Conservatory Theatre in San Francisco • Tom Cruise: attended a Franciscan seminary in Cincinnati on a church scholarship, studying priesthood for a year • Alec Baldwin recently donated $1 million to NYU for needy students who want to be drama scholars. • Jerry Seinfeld: provides a number of scholarships each year worth as much as $10,000 to New York residents, with family incomes of less than $60,000. • provides 4 years worth of assistance for financially needy students. • Alicia Keys Open Door Scholarship provides up to $5,000 to members of Frum Tha Ground Up, a youth group promoting character, confidence, and integrity. [Keys herself got a scholarship to Columbia in NYC…when she was a student) • Michael Jordan: $5,000 for Chicago-area juniors, with at least a 3.0 GPA. • John Lennon, in his name, a $5,000 annual award goes to students with at least a 3.0-grade point average studying communications, media or arts, did the same. • G-Unit, the record label founded by rapper 50 Cent, provides a $1,400 credit against tuition for students attending Queensborough or LaGuardia Community Colleges. • Christopher Reeve Award gives $1,000, for students showing “passion and caring in serving their community.” • The organization guarantees you will win an award by paying a fee • The organization sounds like a non-profit but has no traceable history • The organization claims it will “handle all your scholarship applications” for you • The organization requests banking or credit card information to “process your application” • The organization requires an entrance fee $15,000: Collegiate Inventors Competition–Students enrolled full-time at a U.S. or Canadian college or for at least 12 months and have a new idea, process or technology. $10,000: David Letterman Telecommunications Scholarship–Students attending Ball State University could win by submitting a variety of creative media. Up to $10,000: Ayn Rand The Fountainhead Scholarship–If you are in the 11th or 12th grade, you could win by writing the best essay concerning the novel. $7,500: Scholar Athlete Milk Mustache of the Year (SAMMY) Award–This scholarship, free trip to Disney World and spot in a Milk Mustache advert are available to 25 student-athlete high school seniors with 3.20 GPAs $7,000: Carnegie Mellon University Bagpipe Scholarship– Available to bagpipe major students. $5,000-$10,000: Tylenol Scholarship – Awards to 40 students desiring a career in medicine. $3,000: Eileen J. Garrett Scholarship—To qualify, a desire to study parapsychology, with proof that you’ve written about it. $1,000-$1,500: United States Bowling Congress (USBA) Scholarships– To bowling fans. $1,000: American Nudist Research Library Scholarship–If the nudist in you is itching to get out–and you don’t mind living in a nudist colony. $500: KLI Academic Award: The Kor Memorial Scholarship–If you’re a Trekky then you’ll love this scholarship from the Klingon Language Institute for students in the field of language study.
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