Awards help low-to-moderate-income students pay for higher education
USA Funds accepts applications for $3.5 million in new scholarships
INDIANAPOLIS — USA Funds®, the nation’s leading education-loan guarantor, announces that it is accepting applications online for a total of $3.5 million in new scholarships to assist college students from low-to-moderate-income households.
USA Funds will award $3 million in renewable USA Funds Access to Education Scholarships® to qualified students nationwide for the 2006-2007 academic year. In addition to the new scholarships, USA Funds will award renewal scholarships to previous recipients who qualify.
To commemorate USA Funds’ 25th year of service as the designated guarantor of federal education loans for Arizona, USA Funds will award an additional $500,000 in renewable scholarships to residents of Arizona under USA Funds Arizona Silver Anniversary Scholarships™ program.
Both programs offer $1,500 scholarships to qualified full-time or half-time undergraduates and to full-time graduate and professional students. Applicants for the scholarships must be enrolled or plan to enroll in coursework at accredited two- or four-year colleges, universities or vocational/technical schools beginning with the fall-2006 term through Feb. 1, 2007.
The program targets students from households with annual incomes of $35,000 or less.
“These scholarships support USA Funds’ nonprofit mission to enhance postsecondary-education preparedness, access and success,” said Carl C. Dalstrom, USA Funds president and CEO. “As part of our mission, USA Funds is working to improve the college-going rates of lower-income students. Federal-government statistics show a significant gap in the college-participation rates of these students, as compared with rates for their higher-income classmates.”
The application deadline is March 1, 2006.
Read complete eligibility information and apply online for a scholarship.
Scholarships awarded under this program to residents of Alaska, California, Idaho, Oregon and Washington states are made possible with the support of Education Assistance Foundation.