History/Background
An endowed scholarship is a fund created with a lump sum of money that is invested. The returns from the investments are used to provide scholarships for students. The principal amount is preserved, ensuring the scholarship can be awarded indefinitely. Donors establish endowed scholarships to leave a lasting impact on education by supporting students in specific fields or with particular criteria.
Benefits
The admission application is all you need for endowed scholarships. We automatically match you with available ones based on each scholarship’s criteria. Every year, the University awards nearly $1.7 Million in scholarships generously created by alumni and friends, exclusively benefiting Ozarks students.
Eligibility
Endowed scholarships often come with criteria or preferences, such as academic achievement, community involvement, or specific fields of study. They can be crafted to help students with unique needs, diverse backgrounds, or from specific locations, ensuring everyone gets the support they deserve. Sometimes, all it takes is being an outstanding “deserving student.”
Responsibility
Getting a scholarship isn’t just a pat on the back – it’s a boost to keep excelling in your academic journey. Upon receiving an endowed scholarship, your responsibilities may include maintaining academic standards, staying on track for your degree, adhering to scholarship terms, sending a quick thank-you to donors, using funds responsibly, participating in scholarly or community activities, and maintaining good conduct.
It’s crucial for you to carefully review and understand the terms and conditions of the endowed scholarship you receive. If there are any uncertainties or if you face challenges that might affect your ability to meet the scholarship requirements, you are encouraged to communicate with the financial aid office to seek guidance and discuss potential solutions.