The Ultimate Guide To Minority Scholarships
Every year, colleges and universities are becoming more diverse. Minority scholarships can help lower the cost of college and graduate school. With rising tuition costs, our resources and this minority scholarship guide can help you pay for college and graduate school.
Scholarships for underrepresented minority students help to increase diversity at colleges and universities, and they also provide a path to expanded educational and professional opportunities.
In this guide, we will discuss:
Types of Minority Scholarships
Minority scholarships are available from colleges, universities, non-profit organizations and foundations. If you are a minority student, scholarships are available to help pay for tuition, room and board, books and other essential items for college and graduate school. The following are some types of minority scholarships:
- African American Scholarships
- Asian American Scholarships
- Hispanic and Latino Scholarships
- Hawaiian and Pacific Islander Scholarships
- Native American Scholarships
How To Pay For College
There are many ways to pay for college. Paying full tuition, fees and room and board is not the only choice. Here are the main ways for how to pay for college:
Scholarships. Scholarships are available from non-profit organizations, companies and civic organizations who want to make a difference in the lives of young Minorities. There are hundreds of scholarships available, each has its own separate application process.
Grants. Grants are based on your financial need and are available from your school, federal government or state government. Unlike a student loan, grants do not need to be repaid.
Student Loans.Student loans are the most popular way that students pay for college or graduate school. After you have received scholarships and grants, you likely will borrow student loans. You can borrow student loans from the federal government and from a private lender. If you borrow from the federal government, you receive the same interest rate as all other borrowers. If you borrow from a private lender, you may receive a lower interest rate if you have a credit history or apply with a co-signer.
Federal Work Study. Federal work study is available for undergraduate and graduate students. The program is based on need and provides students with a job to earn money and pay for college or graduate school.
The Scholarship Application Process
Each scholarship has different requirements so make sure to check for qualifications. There also may be eligibility requirements that you need to satisfy in addition to applying for a particular scholarship. Here are some common components of the scholarship application process:
Grades. Many scholarships may have a minimum grade point average. Even if the scholarship is need-based, scholarship organizations may require a minimum level of academic achievement.
Essay. You may need to answer one or more essay questions. Scholarship organizations may want to evaluate your writing ability and the reasons you believe you are best qualified to receive a scholarship.
Recommendations. You may be asked to provide one or more written recommendations. These recommendations can be from teachers or employers who know you well and can highlight your strengths and aptitude.
Interviews. Some scholarships may require an interview. These interviews may be on the telephone or in person. In either case, it’s helpful to prepare for your interviews.
These Minority Scholarship scollectively offer hundreds of thousands of dollars annually to minority students based on merit and financial need.
Deadline: December 13, 2019
Deadline: July 1, 2020