Measuring Scholarship Fund Impact for First-Generation Students

GrantID: 67403

Grant Funding Amount Low: $5,000

Deadline: September 30, 2024

Grant Amount High: $40,000

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Summary

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Grant Overview

Scholarship Fund for First-Generation College Students Funding Overview

Rising educational costs and student debt have led to an increased focus on financial aid initiatives, particularly for first-generation college students. This funding exclusively supports the establishment of scholarship programs aimed at alleviating financial barriers that hinder capable students from pursuing higher education. It does not cover funding for unrelated operational costs outside the scholarship framework or initiatives that do not include mentoring or support services.

For example, a program might develop a scholarship fund that not only provides financial assistance but also pairs students with mentors who guide them through the college application process and support them during their studies. This holistic approach has shown promising results in improving graduation rates among first-generation students, as evidenced by recent data indicating higher retention rates in programs that offer robust support alongside financial assistance.

Organizations must demonstrate a clear understanding of the unique barriers faced by first-generation students and provide a detailed plan for how the funding will be utilized effectively. Applications that do not emphasize mentorship or support components alongside scholarships may be disqualified. Furthermore, adherence to performance thresholds, such as tracking graduation rates and student satisfaction, will be critical in evaluating program success.

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Grant Portal - Measuring Scholarship Fund Impact for First-Generation Students 67403

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