Educational

​A. Scholarship Awards

1. Approximately 1.5 million scholarships are awarded each year

• Since there are at least 15 million students enrolled in high school every year, only 10% of students are receiving scholarships

B. Scholarship Applicability

1. Some students believe that that they may not be applicable to scholarships due to their financial or educational situations

• This is false, although students who excel more in academics and athletics are more likely to get a scholarship

  • There are a plethora of scholarships that do not take grades or athletic achievements as a form to gauge whether or not a student be awarded a scholarship

Financial

A. Attendance Price

1. The annual cost to attend college is:

• Four-year private universities annual cost is $32,410

• In-state residents, public universities annual cost is $9,410

• Out-of-state residents, public universities annual cost is $23,890

B. Creating an Online App

1. The cost to make an app is:

• $50,000 to $100,000 by small shops (2-3 people)

• $150,000 to $450,000 by agencies

• $500,000 to $1,000,000 by large companies

   2. Advertisements

• The app will have ads on the bottom to generate revenue for the company.The amount per thousand impression is $0.53 to $1.12

Technical

Introduction

A. Scholarships - a grant or payment made to support a student's education, awarded on the basis of academic or other achievement

1. Types of ways to access money:

• Loans

• Financial Aid

• Grants

• Scholarships

   2. Researching applicable scholarships for students

• Money isn’t easily accessible or granted

• Qualifications for students make it difficult to be applicable for one

• Students may not even be aware of their qualifications

B. Scholars Ed - A scholarship search engine to assist students in looking for applicable scholarships

1. Purposes include:

• Allowing students to search for scholarships depending on their specific qualifications such as:

  • Academic abilities

  • Ethnicities

  • Hobbies

  • Athletic abilities

  • Cultural background

• Allowing students to look for all scholarships in general

Historical

A. Birth of Scholarships

1. Harvard College in 1693 created the first endowed scholarship, formed by Lady Anne Radcliffe Mowlson

• Colleges like these were created to educate clergy and create knowledgeable civil leaders

• Only white Christian males were allowed to enroll

• Less than a hundred enrolled in colleges and even less graduated due to college tuition being very costly ($75-150)

   2. Women were finally able to attend college during the Industrial Revolution in the 1800’s

• By 1910, women made up 39% of college undergraduates and 20% of college faculty

• Statistically, white males still made up the majority of college graduates, white females being second, men of color, and then women of color last

B. Demographic-based Scholarships

1. During the 20th century, demographic-based scholarship programs were made to combat the previous statistic

• United Negro Fund (UNCF) was founded to fund scholarships for black students and financially support 37 historically black colleges in 1944

  • This doubled the amount of minorities attending college

   2. Title IX of the Education Amendments of 1972 banned discrimination student’s sex when it came to educational opportunities like athletic scholarships and financial-aid programs

   3. Hispanic Scholarship Fund (HSF) was established to support and educate latino families to pursue higher education by providing scholarships, providing $500 million in scholarships

C. The Digital Age

1. The first scholarship program was made in 1995

• As a result, people began looking for scholarships through the internet

  • This created online scholarship scams

• In 1996, Federal Trade Commission’s (FTC), project ScholarScam closed down scholarship scams

   2. Four years later, the government passed the College Scholarship Fraud Prevention Act of 2000

• This further prevented fraud from untrustworthy scholarship programs

Current

A. Modern Day

1. In 2016, it was estimated that about 20.5 million students were expected to attend American colleges and universities. The prices according to college board are:

• Two year college costs $13,760

• Four year, In-State costs $37,640

• Four year, Out-State costs $95,560

• Private, four year cost $129,640

B. Financial Aid

1. Financial Aid consists of money that government and other organizations give students. Four different types of financial aid are:

• Grants

• Scholarships

• Loans

• Work-study programs

C. Concerning Loans

1. Although helpful, they are not the best option as:

• Students are eventually going to have to pay them back

• Students are limited to the amount they can borrow

• Students also have to pay the interest added to the loan

  • There are other lenders besides the government, but they tend to charge more

D. Grants and Scholarships

1. Grants and scholarships are both gift aid, but grants come from federal and state government and colleges

• Most grants that are given are need based, usually based on your family’s financial status

• There are Scholarships that come from government, colleges and private organizations

2. Scholarships can be awarded to students for reasons such as: academic ability, athletic ability, interest in a certain subject, or volunteer work

• They can also be given to people because of:

  • Ethncity

  • Religious benefits

  • Child of an employee to a company

• This allows more people who can’t technically afford college on their own, to attend college and gain their degrees