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Just What Is The Sallie Mae Organization?

The Sallie Mae Fund sponsors several scholarship programs and supports hundreds of other college scholarships. All of their programs are based on financial need. The fund trys to bridge the dollar gap when no one else can.

With an estimated $3 billion in private scholarships awarded nationally each year, they try to send the message that money is available to those who make the effort to work hard, apply themselves and then seek for the scholarships.

Since 2001, The Sallie Mae Fund awarded $10 million in scholarships to help 4,000 students enroll in college.

What Are The Different Scholarships That They Offer?

Unmet Need Scholarship

This is open to families with an income of $30,000 or less. This fund is meant to aid students that fall more than $1,000 short in students’ needs. This scholarship program is open to U.S. citizens who are accepted as full-time students and have a minimum 2.5 GPA and have a financial need. Scholarships range from $1,000 to $3,800.

American Dream Scholarship

This is a partner with the United Negro College Fund and is open to African Americans with financial need. Applicants must be U.S. citizens with a minimum 2.5 GPA, must meet the Pell Grant eligibility criteria, and enrolled full-time at an accredited institution. Scholarships range from $500 to $5,000.

Sallie Mae 911 Education Fund

This fund was created in response to the terrorist attacks on September 11, 2001. The program is open to children of those who were killed or permanently disabled due to the attack. The students must be enrolled full-time at an accredited institution. Scholarships are $2,500 per student per year and are renewed on an annual basis subject to academic progress.

First In My Family Scholarship

This scholarship was developed in partnership with the Hispanic College Fund. This fund offers scholarships to Hispanic students who are first in their family to attend college and have a financial need. It is opened to U.S. Hispanics, enrolled full-time, hold a 3.0 GPA and plan to attend an accredited institution. Scholarships range from $500 to $5,000.

Community College Transfer Scholarship

This scholarship program is in partnership with the Hispanic Scholarship Fund. It is open to Hispanic students transferring from a community college to an accredited four-year institution. They must be a U.S. citizen and hold a 3.0 GPA. Awards amounts range from $1,000 to $2,500.

“Writers of Passage” Scholarship

Here the partnership is with the National Association for Equal Opportunity in Higher Education. This program is an essay competition that awards four winning students from a Historically Black College, University or predominantly black college with a $5,000 scholarship. Schools that the winners are attending will also receive a $20,000 grant!

In addition, The Sallie Mae Fund awards $250 to $1,000 scholarships to future college students at each of its free, nationwide “Paying for College” workshops. Other programs that they sponsor are Dollars for Doers, where their own employees volunteer a minimum of 40 hours per year and may apply for a $250 grant to go to The Sallie Mae Fund organization.

There are many additional programs that are on going inside of this wonderful company (The Matching Gifts), (The Bus Tour), (Building Hope) that are unknown by many. However, appreciated by countless people that would not have the opportunity that has been given to them otherwise.