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Creating Scholarship Programs With Purpose, Part 3: Making an Impact

Dec 04, 2018

By Amy Ronnkvist

When it comes to providing scholarships, there are three major questions to answer. In Part 1 of this series, we looked at the “why” element—determining what you truly want to accomplish by awarding a scholarship. In Part 2, we delved into the “how,” looking at ways to identify the students who need your help. In this final installment, we’ll take a closer look at the “what”—that is, what to look for in your recipients, and what exactly your scholarship program should...

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Creating Scholarship Programs With Purpose, Part 2: Knowing Your Students

Nov 21, 2018

By Amy Ronnkvist

There are as many unique scholarship programs as there are sponsors, but the ones that make a truly life-changing impact have a few things in common. In Part 1 of this series, we discussed “finding your ‘why’—digging into the problems you want to solve and the stories that motivate you to give a scholarship. Answering that question is the first step toward developing a truly inspiring program. Today, we’ll look at step two: getting a deeper understanding of the students you...

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Creating Scholarship Programs With Purpose, Part 1: Finding Your “Why”

Nov 08, 2018

By Amy Ronnkvist

If you’re considering creating a scholarship program, here’s one way to start thinking of the design: if I put a chair in front of you and asked who was sitting in the chair as you design your program, who occupies that chair? Is it your donor, a community member, a board member—or is it the student? Are you asking questions such as what does the donor want, or what does the board want? Or are you asking who are the students in my community, and what do they need to be...

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Three Ways Your Scholarship Program Can Turn Students into Graduates

Sep 21, 2018

Scholarships are a vital piece of the financial aid puzzle. According to Sallie Mae’s most recent How America Pays for College report, nearly half of all families used scholarship aid when it came to paying for college—and scholarships and grants covered 35 percent of the total cost of higher education. That makes scholarship aid the single largest resource that families are using to pay for school. And it also means that, as scholarship providers, we need to ensure those millions of...

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Budgeting for a Scholarship Program: A Guide for Organizations

Feb 23, 2017

Every scholarship program starts with the same goal: making a positive impact on the lives of students. But one of the hardest parts of establishing your program is determining realistic goals and a budget for the program. Just as with every spending decision in your daily life (and at your company), it is vital to spend some time thinking about all the components of your scholarship budget.

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Financial Aid Displacement and Your Scholarship Program

Jan 25, 2017

Scholarship award season is exciting for everyone involved. Student recipients have to worry a little less about paying for college; parents can breathe a sigh of relief about the upcoming semester; and scholarship providers know that they’ve made a tangible, financial impact on a student’s future.

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How to Start a Memorial Scholarship Fund

Dec 05, 2016

When someone holds a special place in your heart, makes a big impact in your life or changes the community for good, it’s fitting to honor their contributions. This is especially true for those who seek to memorialize individuals through a scholarship program. Education is the gift that lasts a lifetime, and a memorial scholarship program provides a meaningful way for a family, foundation or company to honor that special person while carrying his or her legacy forward to future generations...

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Five Questions You Need to Answer Before Starting a Scholarship Program

Nov 28, 2016

For organizations of all sizes, starting a scholarship or tuition assistance program may seem like a no-brainer. Scholarships allow you to support your workforce, their families or your community; they help ensure higher education and a future with more skilled workers; and they are a compelling benefit that helps you recruit, retain and delight your staff.

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How Educational Assistance Programs Can Help Employee Retention

Sep 16, 2016

No matter how you look at it, the outlook for the current U.S. job market is bright. As of the most recent Bureau of Labor Statistics Employment Situation Summary, the unemployment rate had declined to 4.6 percent, and employers across the country added 178,000 jobs in November 2016.Of course, a better market for employees means that employers need to focus harder on retention. In July 2015, we took a look at job satisfaction rates -- and how a company's tuition assistance program can affect...

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Five Differences Between Managing International Scholarships versus Domestic Scholarships

Jun 20, 2016

Scholarship America is often asked by organizations: Can we offer our domestic scholarship program to students in other countries? This is a great question, because an organization may choose to expand its program by offering it in other countries. However, the program will benefit from a thorough review of program criteria to keep it relevant for international as well as domestic applicants.

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