Scholarships and Financial Aid for Minority Students

Reese Lopez
By
Updated on September 14, 2023
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Many career paths now require a college degree, but obtaining one costs more than ever. Tuition rates have increased steadily throughout the 21st century, now averaging more than $17,000 annually at public colleges. For students looking to reduce their total tuition expenses, scholarships offer a valuable source of funding. They also provide financial assistance with no repayment required.

Scholarships serve students of all backgrounds, but many organizations specifically offer financial assistance and scholarships for minority students. Our scholarship guide provides information on minority student scholarships, including application strategies and scholarships for specific ethinic groups.

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Scholarships for Minority Students

This list highlights scholarships for minority students arranged into categories for specific ethnic groups. It represents a broad cross section of available minority student scholarships.

Steps to Finding and Getting Scholarships and Grants

While scholarships provide a valuable source of funding, the process of securing them can exhaust even the most dedicated students. Applying for scholarships typically comprises a few distinct steps. We outline the major stages below.

Financial Aid Resources for Minority Students

Researching, identifying, and applying for scholarships can prove challenging, but many organizations offer assistance for minority students. This list highlights various financial aid resources. Some organizations offer their own scholarships. Others advise students and connect them to various financial aid opportunities.

Advice from a Financial Aid Program Officer

Dr. Nicki Washington

Dr. Nicki Washington is an associate professor in the Department of Computer Science at Winthrop University. She previously spent nine years at Howard University as the first Black female faculty member in the Department of Computer Science. She is the author of Unapologetically Dope: Lessons for Black Women and Girls on Surviving and Thriving in the Tech Field. She has also authored Prepped for Success: What Every Parent Should Know About the College Application Process and Stay Prepped: 10 Steps to Succeeding in College (and Having a Ball Doing It)

Q. What are the biggest mistakes minority students make when it comes to financial aid and scholarships?

The biggest mistake minority students make is not exhausting the financial aid search. Most will perform a basic search during their senior year, without giving it the effort it requires to be successful. Once they arrive at the university, they don’t take advantage of the resources available to current undergraduates that aren’t available to prospective students. This includes department-specific opportunities, which may include working with faculty.

Q. Are there unknown resources or underutilized funding sources for minority students?

Some majors have more funding available because there are less minorities in these areas. These will typically be science, technology, engineering, and mathematics (STEM)-related disciplines. Students should ask department chairs and faculty about opportunities, even as incoming accepted students. There may be book scholarships or other awards available (which is why it’s important to also have a resume prepared).

Students should always look into institutional and departmental scholarships, as these funds often go unused. As an example, I had a research grant to fund five undergraduates for two years (junior and senior years) to conduct research with me. It included a $10K scholarship plus an $8k stipend (paid directly to them). I couldn’t get students to apply to this opportunity. Many students don’t want to take the time to complete the application, which often includes completing a personal statement. This goes for high-school students as well.

Q. What advice do you have for prospective minority students starting the financial aid process?

I strongly urge students to create three generic essays during the college admissions process. These serve as blueprints to edit for any future applications. Because all admissions and scholarship applications have this requirement, it’s good to have three well-written essays (that were edited by English teachers and a few others) to be able to tweak, as appropriate. I note this in my books.

Every state has a higher education web page with resources for college-bound or current students who are residents of the state. This should always be searched. Every sorority/fraternity has scholarship opportunities available as well that do not require a parent to be affiliated with the organization. Check each local chapter’s website. In addition, credit unions and different companies have scholarships related to their discipline.

Tech students can find scholarships from Google, Microsoft, and AnitaB.org, for example. Students interested in law can find scholarship opportunities through the National Bar Association, and the same goes for accounting, journalism, and other majors. Professional societies are great avenues. Lastly, most local alumni chapters provide some scholarships. Check the local chapter in your area to find out this information as well.

Reese Lopez

Reese Lopez is a freelance writer with over a decade of experience in the education field. After earning his BA in English from Evergreen State College, he worked as an English language instructor and tutor before joining Affordable Colleges Online. Reese lives in Portland, Oregon, where he also writes fiction and performs in the local music scene.

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