According to dictionary.com, one of the definitions of ‘scholarship’ is “a sum of money or other aid granted to a student, because of merit, need, etc., to pursue his or her studies.” Sounds like a good idea, right? Then why do so few Minnesota School of Business-Blaine (MSB) students choose to apply for scholarships? Maybe it’s because students are under the impression that it takes a long time to apply for them. Or, maybe students think they won’t qualify for any of them, so they don’t bother looking.
According to Paul Huber, financial aid manager at MSB-Blaine, “Scholarships are a great way to reduce student loan debt because it’s money you don’t have to repay. Some scholarships take less than 30 minutes to apply for and can make a significant impact on your wallet.”
There are two internal scholarships available to students that are often overlooked by students: the Community Service Scholarship and the GEN Matching Scholarship. Highlights are listed below. Be sure to review the latest version of the course catalog for full details.
Community Service Scholarship
- Enrolled for 12 or more credits
- GPA of 3.0 or higher
- Students need to have attended at least one quarter before applying
- Minimum of one half page summarizing community service activity performed within the prior 3 months
- Applications must be submitted by week 8 of the quarter, to be eligible for the following quarter
- MSB-Blaine can award 2 per quarter
- Award is $2000 annually
- Because the deadline for this scholarship is rolling, this scholarship is awarded on a first come, first served basis
GEN Matching Scholarship
- For students receiving outside scholarships, MSB will match up to $1000 annually
- No deadline
- No application or essay required
- Can be recurring, as long as outside scholarship is recurring
Jessica Perez, financial aid administrator at MSB-Blaine, adds, “Our internal scholarship opportunities are a great way for students to help fund their education. There are also plenty of external scholarship opportunities as well. Students should research both to get as much free money as they can.”
Be sure to see your MSB-Blaine financial aid team, Paul and Jessica, for more information on these and more scholarship opportunities!