College of Business Scholarships Available
By Tiffany Hering, Megan Hiekel, Samantha Moore, and Jenna Nyman
Scholarships are widely available to business students through the UW-Eau Claire Foundation as well as private foundations. With the right information and the necessary resources, business students should be able to utilize these scholarships to their full extent.
UW-Eau Claire Foundation scholarships.
Last year, College of Business students received over $80,000 in scholarships and awards awarded through the UW-Eau Claire Foundation. These scholarships were specifically established for UW-Eau Claire business students by alumni, employers, or faculty members. College of Business scholarships range from $150 (Jerry DuBois) to the equivalent of Wisconsin in-state tuition and fees for the academic year (Philip Breitman).
Each donor establishes a set of criteria which determines the eligibility of its applicants and award distributions. Most business scholarships require applicants to have a certain major, year in school or GPA. Some scholarships have additional criteria, such as demonstrated leadership abilities (Lands End; Robert MacDonald), talent (Philip Breitman) or a rural/agricultural background (Helen B. Andersen). Not all COB scholarships require a high GPA. The Brad Olson scholarship, for example, is award to an individual who has overcome past academic difficulty through extra effort and academic accomplishment.
The application process for business scholarships varies from scholarship to scholarship. Most scholarships require applicants to include a transcript with their application. Other scholarships also require a resume or short essay as to why the student feels he or she is deserving of the award. Business students submit their application to a college or department scholarship committees which reviews applications and determines scholarship recipients. Application deadlines vary. Students should check the College of Business website for more information.
Recipients of College of Business scholarships are recognized annually at the COB Scholarship luncheon held in December. » Read about this year’s event.
Private Foundation Scholarships.
Each year thousands of private scholarship dollars go unused because students lack proper knowledge about available resources, according to Pat Montanye, UW-Eau Claire scholarship coordinator for the Office of Financial Aid. One reason this may be occurring is because of students' lack of interest or awareness Private scholarship awards range from $200 to $1,000, with the most common amount being $500.
Montanye suggests students think about looking for scholarships in the beginning of the calendar year. Most deadlines occur between March and May. Applicants should allow themselves plenty of time to research possible scholarships, as well as time for the application process. Once a student has applied for a scholarship, the decision process can take up to six months.
The university's website is a very trustworthy resource for scholarship research; although, students should be aware of other fraudulent sites. “If a scholarship website is asking for money to do a scholarship search, it is most likely a scam,” according to Montanye. There are, however, some sites such as fastweb.com that offer reliable and free assistance for scholarship exploration. Students can learn more about private foundation scholarships on the university's Office of Financial Aid website.
Tiffany Hering, senior marketing major from Beloit, WI. Megan Hiekel junior marketing major and psychology minor from Hudson, WI. Samantha Moore, a junior marketing major from Amery, WI. Jenna Nyman, a senior marketing major from Hastings, MN. They wrote this article for a BCOM 306 class project.