Idaho Student Scholarship: 2020 Basic Information You Should Know.
Idaho Student Scholarship: Are you looking for financial aid for school? There are a few common sources of funding. It is important you know this. Grants and scholarships provided by schools, government, or private companies, don’t have to be paid back.
However, student loans do need to be repaid. Additionally, please note. Loans could also come from the government or private lenders.
Recognizing the need for a well-educated workforce, some actions have been taken. For instance, Governor C.L. “Butch” Otter and the Idaho Legislature established the Opportunity Scholarship. This scholarship is to remove barriers to higher education. Also, it is to prepare college graduates to enter the workforce. This Scholarship awards eligible applicants up to $3,500 per academic year. Also, it is renewable for up to four years.
The scholarship funds are available per school year. Recipients must renew each year. Also, they are eligible to receive the scholarship for a maximum of four years. In this article you shall get all the necessary information you need on Idaho scholarship.
What You Should Know About Idaho
Idaho is home to around 20 accredited colleges and universities. These include both public and private institutions. With so many schools within the state’s borders, you should know this. Around 203,600 borrowers in the state of Idaho had outstanding federal student loans. This totals to $6 billion in 2017, according to the Department of Education.
Borrowing for school is very common in the Gem State. Also, the Institute for College Access and Success reports this. The average debt for an Idaho graduate is around $27,130. If you’ll be financing your education with student loans, please note this. At least in part, it’s important to know where to find the right financing.
Also, because you want to borrow as little as possible, please note. You should also know where to find Idaho student scholarships and grants. This article will help you figure out exactly where to get all these sources of financial aid. This is to make going to school in Idaho as affordable as possible.
State-Based Student Loans in Idaho
While hoping to secure Idaho student scholarship, please note this. There are Federal student loans that you can get if you attend an eligible Idaho school. This includes Direct Subsidized and Unsubsidized Loans.
Also note that the state of Idaho doesn’t offer a student loan program to supplement what the federal government offers. However, some individual colleges in Idaho do offer student loans. This is to students who meet certain eligibility requirements.
For instance, below are some Idaho student loans:
Benjamin O. Braham Loans at the University of Idaho
This loan is available only to Kellogg High School graduates. These are those who attend the University of Idaho. The loan has a fixed interest rate of 3%.
Vandal Loans at the University of Idaho
These loans are available to University of Idaho students. The loans have a 5% interest rate.
Idaho State University
Also, the above has a list of alternative lenders you can consider. This is after exhausting eligibility for federal student loans and grants. However, please note this. Some schools also offer short-term or emergency loans to students.
This is for students who need cash for a limited time to cover financial shortfalls. You should always talk with your school’s financial aid office to get more options.
There are scholarships that can be obtained from the Idaho State Board of Education. Also, there are some in the school you attend. As such, to find scholarships in Idaho, check with:
Your School’s Financial Aid Office
This is one of the Idaho student scholarships. Many have directories of scholarships you can apply for. If you attend Idaho State University, you can use the Bengal Online Scholarship System. This can help you to apply for scholarships.
Groups and Organizations You and Your Family are Members of
While searching for the Idaho student scholarship, you can consult groups. Groups like; churches, labor unions, community groups, and athletic associations. These are among the groups that routinely offer scholarship funding.
Local and National Businesses
Also, many companies provide scholarship funding to students. They provide to students who studies in a particular field. Also, to those who meet other specific requirements.
The Idaho State Board of Education
The Board of Education has a list of scholarship opportunities on its website. As such, when checking for Idaho scholarship you should consult them.
Some Idaho Scholarship
Below is some Idaho scholarship:
The Idaho Opportunity Scholarship
This is one of the Idaho student scholarships. It is open to students with a cumulative unweighted GPA of at least 2.7. It is important you take note of this. You must be an Idaho resident.
Also, you must graduate from school in Idaho. Furthermore, you must complete the State Board of Education scholarship application. Additionally, you must complete your FAFSA.
Furthermore, you must maintain satisfactory academic progress. This scholarship is renewable for up to four years. Also, it provides up to $3,500 annually.
The Governor’s Cup Scholarship
The Governor’s Cup Scholarship is another Idaho student scholarship. It is a merit-based scholarship for Idaho high school grads with a GPA of at least 2.8. It’s worth up to $3,000 annually. Also, it is renewable for up to four years for academic programs. Additionally, it is up to three years for career technical programs.
Please take note of these requirements. Students will need to write a 500-word essay. This should be about goals and interests. Also, the student must have done community service. And must have demonstrated a commitment to public service.
The GEAR UP Idaho Scholarship
Applicants under 22 who graduated from specific schools are eligible for this scholarship. That is, if they participated in an Idaho GEAR UP Program. Scholarship amounts are based on annual funding. Also, students must attend one of the 11 eligible schools.
University of Idaho Scholarships
This is another Idaho scholarship. The University of Idaho offers $25 million in annual scholarship funding. This is with scholarships awarded based on merit.
Also, it is with achievement in specific fields or financial need. You’re considered for scholarships automatically when applying for admission. Thus, there’s no separate scholarship application.
From the above, as you can see, you have ample options for Idaho student scholarships. However, this is if you attend school in Idaho. You the liberty to explore all options and make more research.
However, make sure to choose to fund you don’t have to pay back. This is because borrowing might pose some issues afterward. However, if you borrow as little as possible and choosing the right loans, you can make student loan repayment cheaper and easier.