Student debt can be crippling to dreams of saving, investing, home ownership, starting a business and other life ventures.
The average college debt among student loan borrowers in America is $39,351, but many borrowers owe even more than that. With that in mind, the Charles Cheesman Student Debt Reduction Scholarship seeks to reduce student loan costs for African American or Hispanic/Latino first generation students, who are currently in college or have graduated with student loans. Workers who are no longer students but are still working to pay off student loans are eligible.
To apply, write about your educational pursuits, life goals, community service, accomplishments, etc. Explain what you will do with the money you save because of this scholarship.
Tell us a little about yourself, your educational pursuits, career/life aspirations, community involvement, and major accomplishments. What will you do with the money you save by paying down your student loan(s)?
The application deadline is Apr 1, 2022. Winners will be announced on May 1, 2022.
The scholarship award is $5,000 per winner.
The winner will be publicly announced on May 1, 2022. Prior to the announcement date, we may contact finalists with additional questions about their application. We will work with donors to review all applications according to the scholarship criteria. Winners will be chosen based on the merit of their application.
Award checks will be sent to the financial aid office of the winner's academic institution in their name to be applied to their tuition, and in the name of their institution (depending on the school's requirements). If the award is for a qualified educational non-tuition expense, we will work with the winner directly to distribute the award and make sure it goes towards qualified expenses.
Before we award the scholarship, the winner will be required to confirm their academic enrollment status. Depending on the circumstances, verification of Student ID and/or their most recent transcript will be required.
If you have any questions about this scholarship or the Bold.org platform, just email firstname.lastname@example.org and we’ll get back to you as quickly as we can.
Yes. The terms and conditions for this scholarship can be found here.