Minority Scholarships and Grants Resources
Scholarships, grants and fellowships
Grants, grants, and fellowships are a great way to pay for college or business school, because unlike loans, these sources of financial aid do not have to be repaid. Most people think of government aid first when looking at financial aid sources, but there are plenty of private organizations that offer financial aid for the study of business and management. Some of these programs give special attention to minority students interested in attending business schools. If you are a student looking for help, start with these top sources of grants, scholarships, and fellowships for minority students.
Consortium for Graduate Studies in Management
The Graduate Management Consortium is offering merit-based MBA scholarships to African-American, Latin American, and Native American candidates studying business or corporate management in the United States. Scholarships cover the full cost of tuition and are awarded to hundreds of member top schools each year. Member schools include Haas College of Business, Tepper School of Business, UCSD Anderson School of Management, Tuck School of Business, Macomb School of Business, and several business schools.
National Black MBA Association
The National Black MBA Association is dedicated to increasing black access to graduate management education programs and careers. One of the ways they have accomplished it is by awarding undergraduate and graduate scholarships to members of the National Black MBA Association. Prizes usually range from $1,000 to $10,000. Multiple prizes are awarded each year. The organization has awarded more than $5 million so far. To be eligible for an award, applicants must demonstrate academic excellence (3.0+ GPA) and leadership potential or experience.
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United Negro College Fund
The United Negro College Trust is the largest and one of the oldest African American educational assistance organizations. It has enabled thousands of low- and middle-income students to attend college by awarding more than $4.5 billion in scholarships and fellowships. UNCF has many different scholarship and fellowship programs, each with its own eligibility criteria. Since many of these awards require students to apply for federal financial aid, filling out the FAFSA is a good first step for interested applicants.
Thurgood Marshall College Fund
The Thurgood Marshall College Fund supports Historic Black Colleges and Universities (HBCUs), medical schools and law schools as well as students who want quality education at affordable prices. TMCF provides merit-based scholarships (also need-based) to outstanding students who are committed to teaching and learning. The organization has awarded more than $250 million so far. To be eligible, students must be pursuing an undergraduate, graduate, or law degree from an accredited school.
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ADELANTE! US Education Leadership Fund
And ¡Adelante! The US Education Leadership Fund is a nonprofit organization dedicated to helping Hispanic college students through scholarships, internships, and leadership training. The organization has awarded more than $1.5 million in scholarships to Latino students in the United States. Eligible students can choose from multiple scholarship programs. Among the programs that may be of interest to businesses are MillerCoors National Scholarships, which awards renewable scholarships to full-time business students majoring in accounting, computer information systems, communications, finance, international business, management, marketing, public relations, sales or supply chain management.
Other Grants, Scholarships, and Fellowship Resources
There are many other international, national, regional and local organizations committed to helping minority students achieve their dreams of higher education. You can search for these organizations through Internet searches, scholarship websites, financial aid offices, and educated guidance counselors. Make sure you apply as many as possible, and remember to apply early so you don’t struggle with your application at the last minute.
