Almost every student joining college these days apply for some kind of financial aid in hope of getting financial assistance to fund his or her studies. There are some lucky ones that get grants or scholarships for college while many others have to settle for student loans. Student loans are not a bad idea because they can at least provide you the much needed funds to support your studies but every student should at least try to get scholarships which they do not ever have to pay back. Feeling the financial pressure on students many organizations and institutes have started offering scholarships and grants to talented students; one such organization is the Horatio Alger Scholarship Fund.
The Horatio Alger Scholarship fund was constituted in 1947 in memory of the famous author of 19th century Horatio Alger. The author was famous for writing about poor children on the streets trying to make an honest living to survive. He tried to convey the idea of hard work, morality, and charity in his writings. Since 1947 the scholarship fund has been helping talented students that are unable to pursue higher education due to financial difficulties.
Following the basic mission of the scholarship fund the criteria set out by the scholarship providers is only financial need. The students need not to be excellent achievers in academics, however, students who have financial need with good academic skills, community activities and leadership skills are given preference. The association prefers students that have an annual family income of less than $50,000.
To apply for the scholarship program students must senior in high school and planning to join any registered college or university in U.S to study at bachelor’s level. Only U.S citizens can apply for this scholarship program. The students also need to have a minimum GPA of 2.0 in high school to apply for the scholarship program. California residents can get aid for even two year courses if they plan to join bachelor’s degree latter.
Application for the program can be made online at the website of the scholarship fund. Students will have to submit high school transcript, a letter of support, and legal guardian’s tax return from the previous year together with their application.
There are many other organizations similar to this fund that provides aid to students with financial need. Students can search for such organizations easily over scholarship search websites available over the internet.