National Study Shows Private Scholarships Play Key Role in College Access
May 5, 2005
To kick off National Scholarship Month, the first-ever comprehensive study of private scholarship aid in the United States was released on May 4. Private Scholarships Count: Access to Higher Education and the Critical Role of the Private Sector was prepared by the Washington, D.C.-based Institute for Higher Education Policy in collaboration with the National Scholarship Providers Association and Scholarship America. The report offers findings collected from an original survey of private scholarship providers conducted by the Institute for Higher Education Policy; data from the U.S. Department of Education's National Postsecondary Student Aid Study (NPSAS); and interviews with private scholarship providers.
The study concludes that total private scholarship aid was between $3.1 billion and $3.3 billion in 2003-04, and approximately 7 percent of undergraduates received private scholarships with an average award of close to $2,000. According to the report, private scholarship aid is typically awarded to traditional undergraduate students between the ages of 15 and 25 from middle-income backgrounds who are dependents and attend four-year institutions on a full-time basis. Interestingly, the study projects that at least 30 percent--to as high as 50 percent--of private scholarship recipients are students of color and more women than men are awarded private scholarships.
Though private scholarship aid appears to be a small piece in the financial aid puzzle, the report suggests that private scholarships and the private sector play a pivotal role in providing access and increased college choices to many diverse college-going groups. Due to their targeted and more personal nature, private scholarships may assist students overlooked by larger financial aid programs.
The report can be downloaded for from the Institute for Higher Education Policy's Web site.
- NACUBO Statement on Endowment Inquiry
- NACUBO Urges One-Year Postponement of Changes to 1098-T Reporting Requirements
- GASB Addresses Asset Retirement Obligations and Seeks Field Testers
- 2016 Higher Education Accounting Forum
April 10-12, 2016
- 2016 CAO and CBO Collaborations
August 1-2, 2016
- 2016 Planning and Budgeting Forum
September 19-20, 2016
- WEBCAST: Legislative Lunchcast: A 30-Minute Washington Update from NACUBO
Monday, February 22, 2016 12:00pm ET
- WEBCAST: Responsibility Center Management: Two Different Perspectives
Thursday, March 17, 2016 1:00PM ET
- WEBCAST: Title IX: Key Issues Surrounding Institutional Compliance
Wednesday, April 20, 2016 1:00PM ET
- WEBCAST: The Clery Act: Strategic Planning to Mitigate Institutional Risk
Thursday, May 26, 2016 1:00PM ET
- ON-DEMAND: NACUBO Live! Results of the 2015 NACUBO-Commonfund Study of Endowments
- A Guide to College and University Budgeting: Foundations for Institutional Effectiveness, 4th ed. - by Larry Goldstein
- NACUBO's Guide to Unitizing Investment Pools - by Mary S. Wheeler
- Managing and Collecting Student Accounts and Loans - by David R. Glezerman and Dennis DeSantis