Like any other group of students, Hispanics seek out scholarships to pay for ever increasing education costs. Funding for their education takes on additional importance given that only 13 percent of Hispanics have a college degree, as compared to 30 percent of the rest of Americans, according to census information. To address this problem, several private organizations created scholarship programs to ensure that qualified students can find financial aid to complete their schooling. If you are a Hispanic student in need of scholarship money, consider the options below.
This scholarship, administered by the Hispanic Scholarship Fund, gives anywhere between $1,500 and $10,000 to recipients. The Association of Latino Professionals in Finance and Accounting (ALPFA) was established as an organization for Latino business professionals and students. It aims to increase the number of Latinos working in the accounting and finance fields. The ALPFA Annual Scholarship is open to students attending an accredited school in the United States or Puerto Rico.
The Hispanic American Women’s Association was created to encourage Latinos to attend and complete college. Every year, the organization’s scholarship program gives money to female and male students of Hispanic heritage graduating from a high school in upstate South Carolina. To qualify, applicants must also plan to attend an accredited college in the fall after graduation.
Created to support the education of Hispanic business students, the National Society of Hispanic MBAs (NSHMBA) gives scholarships to select candidates. The scholarship opportunities range from $2,500 to $10,000. The $10,000 awards are limited each year to five outstanding students who also demonstrate exceptional financial need. To be eligible, applicants must be NSHMBA members. They must also be American citizens or permanent residents with a 3.0 grade point average. For students with at least two years of work experience, the minimum GPA required is 2.75.
In conjunction with Altria, the Hispanic Scholarship Fund provides the HSF/Altria Group, Inc. Scholarship to college students entering their junior year. Recipients get $5,000 for the academic year and may receive an additional $5,000 for their senior year. Applicants must be American citizens or permanent residents with a 3.0 GPA. They must also be full-time students at one of a limited number of member schools. These include Texas A&M University, the University of Florida, the University of Missouri and Winston Salem State University. Applicants must be pursuing majors in accounting, biology, business administration, chemistry, computer science, economics, engineering, finance or physics.
Hispanic students can take advantage of the Gates Millennium Scholars Program to pay for college. The scholarship was created in 1999 with a donation from Bill and Melinda Gates. It provides funding to meet any unmet financial goals of selected candidates. Applicants must be minority students who demonstrate academic excellence, leadership skills and have at least a 3.3 GPA. They must also be U.S. citizens or legal permanent residents. The award will be renewed each academic year and recipients also get career mentoring.