Alabama students in need of financial help to go to college now have another avenue to apply for funding: the CollegeCounts Scholarships.
The scholarships will give one-time assistance of $4,000 to qualified students enrolling in a four-year university and $2,000 to students enrolling in a two-year school. The award is non-renewable and given directly to the school to cover tuition, fees, books, and supplies. It will be awarded on a semester basis in the student's first academic year, according to the CollegeCounts website.
State Treasurer Young Boozer and the CollegeCounts Board of Directors announced the launch of the new scholarship program on Tuesday, Nov. 27 at Wetumpka High School.
"Not every student makes a 30 or higher on their ACT, or has parents who can afford to write a check for tuition," Boozer said in a release. "But there are thousands of bright young minds in our state who work hard and deserve help achieving their dream of a college degree."
"This scholarship program will help qualified Alabamians who may find it difficult to get other types of scholarship assistance," he said.
The application opens January 2, 2013 and closes on March 7, 2013. To apply, go to www.collegecountsalabama.com.
The scholarships are primarily funded by administrative fees from the CollegeCounts 529 Fund and surplus funds from the Alabama Higher Education Loan Corporation, according to the state treasurer's office.
Students must meet the following criteria to apply:
-Be a high school senior or first-time college freshman
-Be a U.S. citizen
-Be an Alabama resident
-Be enrolled or planning to enroll in an Alabama eligible educational institution
-Demonstrate financial need
-Have a minimum GPA of 2.75
-Have an ACT score of 26 or below (applicants attending a two-year school will not be required to submit ACT scores)
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