9 Corporate Scholarships for College Students
Financing college continues to be a big problem for students, with the average amount of debt per student reaching more than $23,000.
The Federal Reserve Bank of New York reported in late 2012 that total student debt in America had reached $956 billion, which is a higher number than what Americans owe on credit cards or auto loans.
The Pew Research Center reported late last year that one in five households owe student loan debt.
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The concern is that those graduating with high amounts of debt will have difficulty getting out of the gate in their 20s and having the financial wherewithal to set themselves on their own.
Corporate Scholarships for College Students Are Plentiful, Generous
Those looking for ways to reduce the mountain of debt required to attend college should include corporation scholarships, some of them from the biggest companies in America.
Below is a list of scholarships from some major corporations culled from a list compiled by payingforcollege.com. In some cases, you will need to work for the company or be related to someone who does, but not in all cases.
AT&T Labs Fellowship Program. This program is aimed at women and minority students who are in post-graduate degree programs. In partnership with the United Negro College Fund, AT&T also gives scholarships to African-American children or step-children of full-time employees.
Bank of America Joe Martin Scholarship.This scholarship of between $1,000 and $5,000 per academic year benefits children of employees who have worked for Bank of America at least one year. Students are judged for the program based on academic records, contributions to the community and school, leadership skills and academic achievement.
Coca-Cola Scholarships.The beverage company has different programs to aid students. The Coca-Cola All-State Community College Academic Team program gives $450,000 in scholarships every year, basing the amount on academic achievement with $2,000 for “New Century Scholars,” $1,500 for Gold Scholars, $1,250 for Silver Scholars and $1,000 for Bronze Scholars.
Ford.The Ford Partnership for Advanced Studies offers a number of scholarship programs for African-Americans and Latinos, as well as for those in degree programs for the arts, finance, nursing, social work, psychology and healthcare.
General Electric. The General Electric/LULAC Scholarship gives $5,000 scholarships to full-time sophomores in business or engineering schools with a GPA of at least 3.25. Students are judged based on academic performance, writing ability, likelihood of going on to a career in business or engineering, extracurricular activities and community service.
Intel.The Intel Science Talent Search program offers up to $100,000 to high school seniors who complete an independent research project.
Microsoft. Through its Microsoft Scholarships program, Microsoft offers aid to students in computer science or related technical fields who have a GPA of 3.0. There are general, women’s and minority scholarships, as well as those for students with disabilities. The scholarships may cover all or part of tuition costs.
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Tylenol. The Tylenol Future Care Scholarship is given to about 40 students each year who are pursuing medical careers. Each scholarship is worth about $5,000 or $10,000. Students are judged based on academic records and leadership qualities.
Wal-Mart. The discount retailer offers scholarships to college students, but you will need to be either an employee of the company or a dependent of an employee. The company handed out more than $10 million in 2011-2012 alone.