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1. How does a student apply for an Endowed Scholarship?
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They are notified of the scholarship
by searching Benedictine University's Web site. They need to
submit an application and all other required materials for each
Endowed Scholarship they are applying for by March 1 of each
year. After the selection committee meets, the recipient will
be notified by the Enrollment Office and must submit a thank
you letter to the appropriate donor before the funds are released. |
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Some scholarships need additional
approval, for example: |
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a. Department approval if declared
major a requirement |
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b. Financial Aid approval for
all need based awards |
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2. Are Endowment Scholarships renewable?
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Please check with your University
Representative to determine if the Endowed Scholarship you are
applying for is renewable upon re-application and maintenance
of renewal requirements. |
| 3. How much money will I
receive from an Endowment Scholarship? |
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The award amount varies depending
on how many students are currently receiving the award and how
the donor wants the awards divided. |
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There needs to be at least $500
available to be awarded and the stated amount is a maximum award
amount. Scholarship awards may actually be less than stated. |
| 4. What is the difference between
an Endowment Scholarship and a Scholarship Award? |
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The money for an endowment scholarship
is supposed to last a life time by investing the money. |
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The money for a scholarship
award is to be used immediately in the full amount. |
