Finding Scholarships For Hispanics and Latinos

A college education is something that people of all nationalities seem to value. This is made evident by the increase in the number of Hispanic students applying for college scholarships and grants. Funding for scholarships for Hispanics are provided by a number of private organizations as well as Fortune 500 companies.

Hispanics are Americans originating from Hispanic countries in Spain or Latin America. Scholarships and grants for Hispanics are provided by private organizations and the government to provide monetary aid for those who seek higher education but lack the financial capability. You can start your search for scholarships for Hispanics by checking out the Minority Affairs Office of the college or university where you plan to seek admission. At the same time, you may also apply for regular college scholarships.

The Hispanic Scholarship Fund (HSF) provides scholarships for Hispanics. This organization receives millions of dollars in donations from big corporations including Procter & Gamble, McDonald’s and Wal-Mart. In collaboration with Procter & Gamble, HSF provides financial aid to Hispanics and Latinos who have an interest in the fields of science, technology, mathematics and engineering. The scholarship is worth $2500. HSF also partners with Macy’s to help Hispanic students who excel in academics. The scholarship amount is $5000. In addition, students who qualify for the scholarship have the opportunity to take part in a summer internship program at Macy’s.

There is also a special scholarship for Hispanic women called the HSF/Goldman Sachs 10,000 Women Business Leadership Awards. This scholarship awards $10,000 and is offered to Hispanic women with an interest in business and entrepreneurship.

The Gates Millennium Scholars Program aims to promote academic excellence and provide minority students with the opportunity to reach their highest potential. To accomplish this, the scholarship program provides financial aid to minority students. Applicants can belong to any minority group, including Hispanics and Latinos. Their GPA must be at least 3.3. The scholarship is open to students enrolling full-time in their first year at an accredited university.

Other scholarships for Hispanics are available. The Congressional Hispanic Caucus Institute Scholarship Program offers financial aid for students with an interest in public service and who have done community services. Another scholarship is the First in My Family Scholarship program for Hispanic students who are first in their family to seek higher education.

Various scholarships are also available for Latinos and Hispanics who want to study journalism, law, or other fields of study. A scholarship provides money that does not have to be paid. Obtain as many scholarships and grants as you can to lessen the financial burden of a college education.

Need Free Money for College? Avoid These 3 Mistakes

Do you know the 3 biggest mistakes both parents and students make when looking for free money for college that destroys their results? If you want to dramatically increase your chances of having your child’s college tuition and fees covered by scholarships and other college financial aid while avoiding these 3 college funding mistakes, read this immediately because the mistakes and what to do instead are inside this article.

Mistake #1: Starting Too Late

What is the mistake? The mistake here is to believe that students need to wait until they reach their junior or senior year in high school before locating different sources of free money for college.

Why is it a mistake? This one is a mistake because the longer a student waits before getting started, the less time they actually have to research awards they will qualify to receive.

What you should do instead? Regardless of how old your child is, start now by creating a list of college funding opportunities. As your children grow up, that list will grow over time as well.

Mistake #2: Doing The Work Themselves

What is the mistake? The mistake here is to push yourself to find all the money for college you need by yourself. This leads to overwhelm and before you know it, you and your child have given up hope.

Why is it a mistake? This is a big mistake because to win at the game of finding free money for college, you will want to identify ways to accomplish this without having to do all of the legwork yourself.

What you should do instead? Relationships are key here. Try building a relationship with the college advisor at your child’s school and ask for email updates if any new scholarship award should cross their desk. This person is usually your greatest resource.

Mistake #3: Not Knowing The Numbers

What is the mistake? The mistake here is to find and apply for 30 or less scholarship awards to help you pay for college.

Why is it a mistake? This is a mistake because even the very best student will win less than 3% to 5% of awards for which they apply. With that said, if a student locates and applies to 3 college scholarship or college funding opportunities that is 90 or so over the course of the month.

What you should do instead? Get aggressive about finding as many credible sources of free money for college. Set a daily or weekly goal and stay with it until the question of how to pay for college quickly becomes a thing of the past.

Is an Inheritance Considered Income on the FAFSA?

Inheritances are not a common financial event, thankfully; but they sure can create some confusion for the FAFSA and CSS Profile processes.  Most parents and students assume that because money is received out of an inheritance it must be income.  This is not necessarily true.

First of all, you need to be aware that neither the FAFSA nor Profile mention inheritances as income.  There are those catch-all questions such as on the FAFSA which asks for all income not recorded else where on this form and includes the example of having bills paid on the student’s behalf.  There is however no further description of what that income might be.  If you search the FAFSA and government student aid websites, you will find no mention of inheritances except as a brief example of a student whose financial picture changed over the summer and then may not want to borrow as much money as before.  If you search the Profile related websites, the only context of inheritance is regarding the valuation of inherited assets.

So in other words, the FAFSA and the Profile are silent regarding inheritances.  In such a case, the smart money is to rely upon the recognized authority in defining income.  This is typically the Internal Revenue Service (IRS).  The IRS does not define inheritances as income.

Then how do inheritances affect a student’s financail aid filings on the FAFSA or CSS Profile?  They affect the filings through the valuation of students’ and parents’ assets and the income generated from those specific assets while in the possession of the immediate family.  That income could be capital gains, dividends, or interest earned.

For example… A grandparent dies in June 2009 and leaves $250,000 to the parents in cash, and $15,000 in cash to the student.  This inheritance would not be reported in any income column on the FAFSA.  However, at the time of filing the FAFSA form in February 2010, the parent still has $200,000 of the inheritance and the student has $5,000 left of the inheritance.  These assets will be reported on the FAFSA form as savings or investments.  In addition, the parent’s $200,000 generated $1,000 in interest for half the year, and the student’s $5,000 did not generate any income.  The $1,000 in interest will be reported as interest income on the FAFSA.

Keep in mind, some colleges and universities may consider inheritances as income for their individual forms.  Double check those forms before assuming the guidelines above apply to institutional paperwork.

Scholarships For Men Over 40 – A Short Guide to Help You

By being aware of how to get scholarships and grants for single fathers it is really easy to get a scholarship for men over 40. If you apply, you will surely get the necessary funds for your education. These scholarships are literally $10,000 for free, coming from the government to help your education. Financial aid for fathers has now become a reality!

After you made your decision to apply for one of the many scholarships available, you’ll need the application mailed to you or personally go and take it from the office of that university of your choice. Getting there is not difficult, but you should follow all the steps. This article describes these steps. Obama scholarships for fathers are meant to help single fathers raising children have a decent job and a stable income.

1. Read the directions. Well, it is interesting to know, that some of the scholarships will ask for you educational experience and GPA, while others will require you to describe yourself. If you fill out more of these at a time, you should always pay attention, not to include too much or too little of what they asked for.

2. Sometimes, you need to list:

A. Why you want this scholarship

B. What Majors are you thinking of

C. How long your education could be, how long to graduate.

3. Save copies, so you can always know what you applied for. Maybe the school of your choice simply won’t have the good information to give that scholarship, so you may find it useful to search on the internet. So many databases are out there to help you, so you can easily find anything you need and even find directions for applying.

4. Send the application by Registered Mail – You may opt for mailing the application, so you really need to know it was received, and you will also know when to contact that university again.

This is just what every single working dad needs, even more if children are to be raised. There is no time to waste, take advantage!