To list scholarships and grants provided by companies, foundations and institutions

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Answer 1

Question

Chapter 19, Problem 19.1A

To determine

To list scholarships and grants provided by companies, foundations and institutions

Expert Solution & Answer

Explanation of Solution

Grants are primarily need-based, provided for students with financial hardship to pay for college. Scholarships, on the other hand, are for students who have high academic grades.

Scholarships for undergraduates are sponsored by:

Colleges and Universities
Corporations
Professional Organizations
Charitable Foundations
Federal, State and Local Government Agencies.

There are couple of types of scholarships one can go for

Subject-specific scholarship
Student-specific scholarship

Subject-specific undergraduate scholarships are offered by groups associated with your field of study. Some of them are:

American Institute of Certified Public Accountants (AICPA): They provide annual scholarships for accounting degree candidates. A student must have earned 30 hours of academic credits and has to maintain a cumulative GPA of 3.0.

Corporate sponsors such as Siemens Foundation provides scholarship for engineering and other STEM subjects for undergraduate students.

American Society of Mechanical Engineers (ASME) provides annual scholarship for Mechanical Engineering students. This is based on academic excellence and participating in ASME.

SAE International Scholarship Program provides scholarship to engineering and other STEM students based on high academic records

National Society of Professional Engineers sponsors several undergraduate scholarships. Some memorial awards are reserved for specific student groups like women (Auxiliary Legacy Scholarship), and juniors (Steinman Scholarship).

Student-specific scholarships are based on ethnic diversity, disability, gender and a host of other personal characteristics. Some of them are listed below:

Asian and Pacific Islander American Scholarship Fund provides scholarships for undergraduate students of Asian descent

American Indian Scholarship Fund provides scholarships for Native Americans to graduate from college.

African American students studying engineering and other STEM subjects can get undergraduate scholarships from Microsoft.

Some of the Grants available are:

Federal Pell Grants: Usually awarded only to undergraduate students who are in very much financial need and have not earned their bachelor's degree.

Federal Supplemental Educational Opportunity Grant (FSEOG): This is also for undergraduate students with high financial need.

Teacher Education Assistance for College and Higher Education (TEACH) Grant: It is different from above grants as it requires the student to take certain classes in order to get the grant, and also do a job pertaining to it. Or else the grant might turn into a loan.

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Answer 2

Question

Chapter 19, Problem 19.1A

To determine

To list scholarships and grants provided by companies, foundations and institutions

Expert Solution & Answer

Explanation of Solution

Grants are primarily need-based, provided for students with financial hardship to pay for college. Scholarships, on the other hand, are for students who have high academic grades.

Scholarships for undergraduates are sponsored by:

Colleges and Universities
Corporations
Professional Organizations
Charitable Foundations
Federal, State and Local Government Agencies.

There are couple of types of scholarships one can go for

Subject-specific scholarship
Student-specific scholarship