Financial aid and Scholarships for minorities

Students of color and other minority groups have long been underrepresented and since a large percentage of US population is comprised of minorities. Thus to increase diversity in campuses and make higher education available for everyone, that's the origin of this type of scholarships.

Updated by Akshay Nair P R on 5th July 2018

Financial Aid and Scholarships for minorities

In an effort to increase the access to postsecondary education, a large number of organizations, associations and companies are coming in to support these minority students from various backgrounds and races, including African Americans, Native Americans, Hispanic and Latinos, Asian and Pacific Islanders, and so forth.

These scholarships are not related to any race or ethnicity.

These scholarships are not related to united states residents only. Not only scholarships there are various financial aids for these students.

We have seen a rise in enrollment rates of minorities students but they are still having problems to cope up with the ever-rising fees of colleges and universities.

This is the sole reason there are so many scholarships and financial aids are available for minority students.


Some Financial Aid and Scholarship

In order to make higher education affordable to minority students, hundreds of private and public organizations have come up with various financial aids and scholarship programs, some of them are: 

Actuarial Diversity Scholarship

Xerox Minority Scholarships

Asian Pacific Fund

Hispanic Scholarship Fund

AWG Minority Scholarship

George Washington Carver Scholarship Fund

Brown and Caldwell Minority Scholarship

Development Fund for Black Students in Science and Technology


Actuarial Diversity Scholarship  

  • Funded by: The Actuarial Foundation

  • Deadline: May 1

  • For: All minority students can apply

  • Eligibility: Should have a GPA of 3.0 or above out of 4.0

  • Award amount: $1,000-4,000


Asian Pacific Fund  

  • Funded by: Discretionary Grants, Workplace Giving

  • Deadline: February 19

  • For: Pacific Islanders and Asian Americans

  • Eligibility: Should have a GPA of 3.0 or above and desire to study a particular major

  • Award amount: $1,000-20,000


AWG Minority Scholarship  

  • Funded by: Association for Women Geoscientists

  • Deadline: June 30

  • For: Women of women of African-American, Hispanic or Native American descent

  • Eligibility: Should pursue a degree in geosciences

  • Award amount: $6,000


Brown and Caldwell Minority Scholarship  

  • Funded by: Cooperation of black, Hispanic and women’s engineering societies

  • Deadline: April 15

  • For: Minority students who are either US Citizens or permanent residents

  • Eligibility: Students should either be of the junior or senior year with an engineering or environmental major

  • Award amount: $5,000


Development Fund for Black Students in Science and Technology  

  • Funded by: The development fund which was established by a group of concerned black technical professionals

  • Deadline: Varies

  • For: African-American Students

  • Eligibility: One should show financial need, write an essay and academic achievements

  • Award amount: $2,000


George Washington Carver Scholarship Fund  

  • Funded by: George Washington Carver Scholarship Fund

  • Deadline: May 30

  • For: African-American Students

  • Eligibility: One should show financial need, leadership ability, minimum 40 hours of volunteer work, must either attend or plan to attend a Historically Black College or University

  • Award amount: Up to $10,000


Hispanic Scholarship Fund  

  • Funded by: Hispanic Scholarship Fund

  • Deadline: March 30

  • For: Hispanic and Latino Students

  • Eligibility: Should be U.S. Citizens or legal permanent residents, GPA 3.0 or more, should have applied for FAFSA 

  • Award amount: $500-$5,000


Xerox Minority Scholarships

  • Funded by: Xerox Minority Scholarships Fund

  • Deadline: September 30

  • For: US minorities who are US citizens and who are not the children or spouses of Xerox employees

  • Eligibility: Should be a full-time student in a 4-year program or a graduation program either in a technical science or engineering field

  • Award amount: $1,000-$10,000


Conclusion

Types of scholarship and financial aid vary for minorities but they all have one common purpose and that is the upliftment of them. It is an area where there is still a doubt in the mind of the people about their equal right.

Source: nces.ed.gov

Education being a powerful tool can make big changes. But, it is just a start and we have miles to go. So, we need more of these type of financial aid and scholarships for minorities for their upliftment and to prove that we all are equal in the eyes of the government.


FAQ'S

  1) Who are eligible for the financial aid and scholarships for minorities?


Your cultural heritage might be your ticket to scholarships and grants that are reserved for specific minority groups.

Students who belong to the minority category of a society are eligible for the financial aid and scholarships. Some minority groups that receive scholarships for college include: 

  • African American

  • Hispanic

  • Native American

  • Asian

  • Women

  • Multi-racial or multicultural

  • Gay, Lesbian, Bisexual, and Transgender (GLBT)

  2) What are the benefits for minorities in their Financial-aid and scholarships program?


Apart from financial aids, the minorities funding package is likely to include grants and low-interest loans, which are essential for covering extended college expenses like housing, textbooks, and meals, but scholarship money is even more appealing since it does not need to be paid back. The Financial-aid and scholarships for minorities range from a few hundred to several thousand dollars annually.       

  3) How do I identity myself as a minority? 


For an individual, the cultural heritage with which a person is most close usually defines his or her race. If your lineage is mixed, but you put your dominant cultural foot forward all the time, you will be recognized as a cultural trait. But the financial aid industry is concerned with every single aspect of your heritage, so if you are 1/4 Hispanic American you are considered a minority.

  4) How to fill up the application form for the financial-aid and scholarships for minorities?


If you belong to a minority community and seek for a financial aid for your further education, you need to fill up the FAFSA application which is an essential first step towards securing federal financial aid. The form requests information about your family finances, to help quantify your need for monetary help during school. Once your FAFSA is filed, your school’s financial aid office begins to assemble a bundle of resources to help you pay for college.

  5) What are the different types of Financial-aid and scholarships provided to minorities?


There are 6 different ways through which one can seek financial aid and scholarship if he or she belongs to a minority community. The ways are listed below:

  • Academic merit Scholarship - The student should excel academically. The student should have excellent grades scored till his/her last education level.

  • Athletic Scholarship - These are given to those students who are stand-out athletes, who exhibit the potential to excel in their sports at the college level.

  • Need-Based Scholarships - This type of Scholarship straddle the line between grants and merit scholarships. Financial need must be present to qualify, but performance is also considered when awarding and renewing need-based scholarships. 

  • Student Specific Scholarships - This supports individual groups of college students like women, minorities, and members of certain faith-based organizations.

  • Career Scholarship - This type of scholarship disburse college cash to individual students pursuing degrees in certain fields. Science and engineering students receive industry scholarships from research advocacy groups and technology-related companies.

  • Institutional Scholarships - This type of scholarships are granted by individual schools as part of their on-campus financial aid programs.