Money Talk Monday
March 05, 2018
Money Talk Monday is your bi-weekly guide for Crosby Scholars Scholarships & Financial Aid information
In This Edition of Money Talk Monday You Will Find:
- Harry Scofield Memorial Book Scholarship -- APPLY NOW!
- Hanesbrands Scholarships -- APPLY NOW!
- Right Decisions / Right Now Scholaraship -- APPLY NOW!
- Bigs for Success Scholarship -- APPLY NOW!
- Need help applying for Crosby Scholarships? Watch our how-to video!
- Don't miss these upcoming Crosby Scholars Scholarship Deadlines!
- Thurgood Marshall College Fund
- Deciphering your Financial Aid Award Letter
- Need help with your FAFSA or have questions about financial aid? Make an appointment with Crosby Scholars Financial Aid Coordinator for one-on-one help!
Harry Scofield Memorial Book Scholarship
Preference will be given to scholars whose parent/guardian is employed by an educational institution; however, all scholars are eligible to apply.
The application is available in the Crosby Scholars Student Portal today! Deadline to apply is March 18, 2018.
Hanesbrands, Inc. Scholarships
- HBI Veteran Achievement Award – The Program will award a non-renewable $1,000 scholarship to a graduating Crosby Scholar senior who will enroll in a two- or four-year college or university; be a child or grandchild of active duty, reserve, National Guard, or retired members of the United States military; cumulative weighted GPA of 2.5 or higher; actively participates in extracurricular activities exemplifying leadership and community service; clearly express in an essay how they demonstrate the spirit of honor, patriotism, and respect.
- HBI Scholarship - The Program will award two non-renewable scholarships, one in the amount of $500 and the other in the amount of $250 to graduating Crosby Scholars seniors who actively participate in extracurricular activities exemplifying leadership and community service, and who can clearly express in an essay how a community service project or significant personal or family situation that they have been involved with has positively influenced them, their family, the community, and/or their school.
- HBI Needs-Based Scholarship – The Program will award four non-renewable scholarships of $1,000 each to graduating Crosby Scholar seniors who demonstrate financial need as determined by the FAFSA, have a cumulative weighted GPA of a 2.0 or higher, and who actively participates in extracurricular activities exemplifying leadership and community service. One scholarship will be awarded to a student who enrolls at a four-year college or university; three remaining scholarships will be awarded to students who enroll at a two-year college or university.
The application is available in the Crosby Scholars Student Portal today! Deadline to apply is March 25, 2018.
Right Decisions / Right Now Scholarship
The application is available in the Crosby Scholars Student Portal today! Deadline to apply is April 08, 2018.
Bigs for Success Scholarship
The application is available in the Crosby Scholars Student Portal today! Deadline to apply is April 08, 2018.
Not sure how to apply for Crosby Scholarships? Check out this step-by-step video!
Don't miss these upcoming Crosby Scholars Scholarship Deadlines!
- Mona W. Lovett Community Volunteer Excellence Award -- Deadline March 11
- Mona W. Lovett Excellence in Volunteer Leadership Award -- Deadline March 11
- Mona W. Lovett Outstanding Commitment to Serivce Award -- Deadline March 11
- Mona W. Lovett Service and Relationships Award -- Deadline March 11
Don't let the opportunity to apply pass you by! Scholarship applications are available in the Crosby Scholars Student Portal.
Thurgood Marshall College Fund
The Thurgood Marshall College Fund (TMCF) and Ford Motor Company Fund are proud to offer financial assistance to graduating high school seniors who plan to attend one of the 47 public Historically Black Colleges and Universities (HBCUs) within the TMCF member-school network. The Ford Blue Oval Scholarship is open only to African American male students with a minimum 3.0 GPA. Selected scholars will receive a one-year scholarship of $6,200 for the 2018-2019 academic school year. The funds are applied in the fall and spring semesters at $3,100 per semester.
Ford Blue Oval Scholarship Program
- Be an African-American Male Graduating High School Senior
- Must plan to enroll as a full-time freshman student at one of TMCF’s 47 member schools for the 2018-2019 academic year
- Current grade point average of 3.0 or higher
- Demonstrate financial need
- Have demonstrated leadership ability through a variety of measures
To complete your application, please submit the following supporting documents:
- 2018-2019 Student Aid Report (received from filing FAFSA)
- Most recent transcript (unofficial or official transcript)
- Recommendation Letter from current school faculty member (Must be completed online by the recommender)
- Essay: Please the following questions: What do you think will be the most challenging aspect of transitioning from high school to college? How will you overcome that challenge? What is your motivation to do so? Please be as descriptive as possible.
How to Apply
To apply, click the link and create or login to your TMCF Account. Once you have signed up or logged in, you can complete the TMCF | Ford Blue Oval Scholarship application. The deadline is April 1, 2018, 11:59pm EST.
Understanding your Financial Aid Award Letter
Not sure how to interpret your Financial Aid Award Letter? Here is what you'll want to do when you get your financial aid award information:
- Determine how much you'll pay. To do this, look at the "total cost of attendance" figure the school lists. Then subtract grants and scholarships (that’s the "gift aid" (that you don’t have to pay back) to get the net cost. Be sure to account for all expenses. Some schools report total cost as tuition, fees, room and board. Others include books, transportation, school activity fees and living expenses. You’ll want to factor all those costs in if the school doesn't.
- Determine which kind of loan you need. Federal loans usually have lower interest rates and more flexible repayment options than private loans. There are two kinds of federal loans. Direct loans can be subsidized or unsubsidized. Subsidized loans are based on financial need and the federal government pays the interest that accrues while you are in school, and until six months after you leave. Unsubsidized direct loans are not need-based, and interest starts accruing as soon as you take the loan. Then there are federal Perkins loan, which are funded by the government but distributed by schools, which are the lenders.
- Look into work-study programs. Work-study is a federal program that schools offer. Keep in mind the amount listed represents the maximum amount a student can earn working the allowable hours per semester or year. But you have to find an eligible job and work the allotted hours to get that money. Of course, there’s no guarantee you’ll get a job. These programs are offered on a first-come, first-serve basis so contact the university early to find out how to find opportunities.
- Think long term about aid. While you are given financial aid information for one year, think about how much aid you'll get over the four years you’ll be in school. Some schools award more grant money upfront to entice you to enroll and then reduce the amount in later years. Ask which scholarships and grants are renewable and what the requirements are to qualify each year. You may need to maintain a certain grade point average, for example. Even if the amount of the grant and the scholarship you get stays the same, keep in mind that the tuition could rise.
- Appeal your financial aid award. If you don't believe the financial aid package meets your needs, try to appeal it with the school's financial aid office. If you received a better offer from a comparable school, that may help you to ask for a more favorable award. Or if you had a change in circumstances since you applied, such as a job loss, a divorce or a big medical expense, contact the school to ask that they review your finances.
Once you understand the offer in your award letter, you can use this tool from the Consumer Financial Protection Bureau’s to compare school costs.
Need FAFSA Help? Make an appointment with Ashly Wilson, Financial Aid Coordinator
- Need help filling out the FAFSA? Have questions about how to interpret your Financial Aid Award Letter?
- Bring your questions to Financial Aid Office Hours where you can receive one-on-one help from Ashly Wilson, our Crosby Scholars Financial Aid Coordinator.
Crosby Scholars Community Partnership
Email: awilson@crosbyscholars.org
Website: crosbyscholars.org
Phone: 336-725-5371
Facebook: https://www.facebook.com/CrosbyScholars?fref=ts
Twitter: @CrosbyScholars