Setting Up a Scholarship

Maybe you or someone you know had particular difficulty getting a college education and you feel the pressure of funding was a big part of it, or perhaps distracted you from addressing other issues involved in moving on to college. Now you are in a position to make a difference in a young person’s life- someone in a similar situation, most likely. Someone who, with a little financial aid, particularly the free kind they won’t have to repay, could become successful and maybe help others and so forth. That, or maybe you are just really kind and wealthy and have no idea who to help with all the money you’ve earned or inherited, but you think helping people learn would be a good place to invest your time and monetary resources. A scholarship seems like a great idea, but how do you set it up?

Setting up a scholarship is not terribly difficult, and there are a few general guidelines with which we can provide you, but you may need to consult an attorney, an accountant, or maybe both, for setting up the actual "foundation" that will offer the scholarship itself. Here are some tips to get you started:

  • Who?

    First, figure out who your target demographic is. Does he/she need to be a good student? Implement a GPA requirement. Are you targeting only people who declare a specific major? Must your target student be in a particular grade to qualify? Is there a particular region from which this student must come? Think it through thoroughly and make a bulleted list of all the criteria.
  • What?

    What are you offering to this student or students? Money? Free airfare and/or lodging for someone wanting to study abroad, perhaps? Figure this part out and then you can decide how many awards you or the fund you’ve established can afford to dole out each year.
  • When?

    Most scholarships tend to have a deadline no later than April and begin taking applications no earlier than January of each year. Also, you should take into consideration the importance of the efficiency of the presentation of the award once the awardees have been selected. You will need time to process all the applications and judge them and then distribute the awards. You probably don’t want to do this last any later than August, since most students will begin school in September, so give yourself ample time to properly review the applications of all those who qualify and took the time to apply.

Of course, once you have worked all of this out and established the scholarship, knowing the answers to all the most important questions like how much you are giving and who may qualify, you should go to Scholarships.com to submit your scholarship so that it can be listed and accurately filtered by our database and presented only to those who qualify

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by Susan Dutca-Lovell

Harvard revoked more admissions offers - this time involving 10 students who participated in a Facebook group called "Harvard memes for horny bourgeois teens." Jokes about abusing children and the Holocaust and insulting comments about different racial and ethnic groups were found in the group, according to Inside Higher Ed.

Earlier this month, Harvard also rescinded an admission offer to Kyle Kashuv who, when he was 16 years old, used inflammatory and racist language, including the N-word, right before the Parkland shooting at his school, Stoneman Douglas High School. The shootings have since "changed him and made him more mature," he claims. Kashuv became famous for his conservatism, pro-gun and pro-Trump activism which he believes, represent a different view on how to prevent future, like tragedies.

In a recent Twitter post, he apologized for his past comments and stated that, "We were 16-year-olds making idiotic comments, using callous and inflammatory language in an effort to be as extreme and shocking as possible...I'm embarrassed by it, but I want to be clear that the comments I made are not indicative of who I am or who I've become in the years since." Shortly thereafter, Harvard looked into his case and eventually revoked his admissions offer. Though university personnel appreciate his "candor and expressions of regret," Harvard "takes seriously" the "qualities of maturity" and of "character" of the students it admits. Despite appealing the revocation, Kashuv was turned down. In his defense, Kashuv argues that, "throughout its history, Harvard's faculty has included slave owners, segregationists, bigots and anti-Semites. If Harvard is suggesting that growth isn't possible and that our past defines our future, then Harvard is an inherently racist institution. But I don't believe that. I believe that institutions and people can grow. I've said that repeatedly." In your opinion, should Kashuv have had his admissions offer revoked based on something he did when he was 16? Why or why not? [...]

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In honor of LGBTQ Pride Month this June, Scholarships.com is recognizing the success of, and providing financial aid resources to the lesbian, gay, bi-sexual, transgender, and queer community and its allies through featured LGBTQ scholarships. These colorful LGBTQ scholarships are not only intended for those who identify as LBTQ or are questioning, but are available to LGBTQ parents and allies, as well. Below is a preview of LGBTQ scholarships that were created to provide economic mobility and equality for LGBTQ students and allies who may face unique challenges on their educational journeys. For even more LGBTQ scholarships, Parent LGBTQ scholarships or LGBTQ Ally scholarships, visit here. [...]