Scholarship Overview

About the Scholarship

The American dream was built on the basis of opportunity for prosperity and success as well as upward mobility for individuals and their families. Going to college opens up opportunities for better pay, advancement in career and much more. But is all of this worth it with a burden of debt hanging over your head?

Your opportunities should not be compromised with the fear of debt.

As per the Federal Reserve Bank of New York, there is an outstanding student loan debt in the United States which lies between $902 billion and $1 Trillion where around $864 Billion is in Federal Student Loan debt.

The college Monk’s scholarship to pay off student loans is aimed to help those who are struggling with student loan debt. It aims to aid not just those who suffer from the burden of student loan debt but also those students who are looking to use student loans as a means to cover up the costs towards getting their degree. Those who have completed their degree, currently pursuing their degree or are planning to enroll for a degree can take advantage of what this scholarship has to offer.

The scholarship is awarded each month and is made available to all applicants regardless of ethnicity, national origin or immigration status.



Eligibility Criteria

  • Be currently enrolled or enroll no later than the fall of 2021 in an accredited post-secondary institution of higher education.

  • The applicant must be a legal citizen of the U.S, applicants under DACA status or an International student with a valid student visa.

  • The applicant must submit a 200-500 word essay addressing what they plan on doing with the degree and how they can make an impact on society.

  • Complete Scholarship Rules


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Deadline: January 31st, 2021

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Deadline: October 31st, 2020

Amount: $500