private scholarship

Full Tuition Scholarships-The Gates Millennium Scholarship Program

Higher education is admitted as a basic right for all and provided free in many countries of world, such as Sweden and Norway. In countries where education is not free the rising costs of education has become a major concern for government and students. In USA many government and private organization are providing scholarships to students to help them fund their college education. The largest of such organizations is The Bill & Melinda Gates Foundation that runs the Gates Millennium Scholarship Program for minority students.

The Gates Millennium Scholarship Program is the largest private scholarship program in America that provides $1 billion worth of scholarships to students every year.  In addition to these $1 billion scholarships the program has started offering scholarships for public health courses worth $58 million.

The scholarship program has provided 10,000 full tuition scholarships to low income students from American, Hispanic, Asian Pacific Islander, Alaskan Native and American Indian communities to pursue degrees in education, science, math’s, engineering, library science and public health. The scholarships are generally awarded based on financial need and academic excellence in relevant field.

The program requires the students to have a cumulative grade point average of 3.3 or higher and to meet the criterion set out by federal Pell grant. The students are also required to demonstrate participation in community service and good leadership skills. Only students who are joining college for the first time and who are US citizens or permanent residents can apply for the scholarships.

The deadline for application is usually in January; however you can search for exact dates on the program’s website. Every applicant is required to fill three forms; the personal information form, the nominator form and the recommender form. It is also a good idea to submit proof of any extracurricular and academic achievements you have made in past. All scholarship providers generally prefer students who have extra academic skills over students who just excel academically.

The Gates Millennium Scholarship Program provides 1000 full tuition scholarships every year to students that fulfill their criteria. The amount of these scholarship awards vary with each individual’s needs, as the scholarships are aimed at providing for the tuition cots and part of living costs. However, according to 2006 statistics the average amount of award for undergraduate students was $7,000 and for graduate students was $15,000. If you are eligible to apply for scholarships offered by this program you can download the application forms from their website.

Private Scholarships—Going Public with Private Opportunities

Private Scholarships

Private Scholarships

Private scholarships, as the name implies are offered by non-government sources like businesses, corporations, etc. If you are planning to enroll to a study program which has a hefty amount of fee, you will certainly be worried about how you are going to meet the fee requirements. You can always go for the various scholarship options that are available at the government level or provided by the institutions of National level. The options are also quite varied. There are scholarships that offer enough money to cover your whole study tenure but for them the competition will be quite stiff and the eligibility criteria will be quite stringent too, there are loans which have a drawback that you will have to pay the amount back to the scholarship provider. The option which you will want to pursue quite actively is partial scholarship particularly because of their easier criteria.

All these are not the only options that you have. Private scholarships are also another option and are offered by organizations, clubs, institutions, businesses, etc., that want to improve the community. The options are varied. Some organizations consistently provide the same scholarships each year and some options are more unpredictable as far as availability is concerned. It is then a great idea to keep a track of all the sources from where you can get information about private scholarships.

Good sources include the internet because it is quite easy to update and communicate your desired information through the internet. Other sources include library listings of scholarships. These get updated regularly too.

One thing that is very interesting about private scholarships is that if you avail a private scholarship and also apply for the financial aid of the school you are going to visit, the amount of money that the school will approve will be reduced by the amount of the money you are getting through the private scholarship. This is undesirable and unfair because the private scholarship will become a bonus for the institution and not for you. A good workaround is to ask the private scholarship provider to release the scholarship funds in the name of the parent of the student.

Generally, you must apply to as many opportunities as you can because this will give you a chance to win at least a few of them. Also most importantly if you are special in some respect you can capitalize on that for instance there are scholarships for tall people, short people, left handed people, etc.