SALLIE MAE FUND LAUNCHES UNMET NEED SCHOLARSHIP - Programs Part of Project Access Initiative

(04/22/2003)

Submitted by Sandy Osborne, Coordinator, Calhoun Family Resource Network 354-7177 The Sallie Mae Fund has announced the creation of a $1 million Unmet Need Scholarship Program to help low-income students overcome financial barriers and meet the cost of college. The program will supplement financial aid packages for low-income students by providing grants of up to $3,800 to cover financial need not met through typical financial aid channels, including grants, federal work study, loans, and other scholarships. Student applicants must meet all of the following criteria: be able to demonstrate unmet financial need of more than $1,000 before loans; have a combined family income of $30,000 or less; and have a cumulative grade-point average between 2.5 and 3.0 (on a 4.0 scale), or the equivalent. The new scholarship program is part of Project Access, a three-year, $15 million commitment by the Fund to improve access to higher education by targeting under-served populations with information, resources, and scholarship dollars. Scholarship America will administer the Unmet Need Scholarship Program as part of the Project Access initiative. Scholarship guidelines and application forms are available at the Sallie Mae Fund Web site. thesalliemaefund.org Deadline: May 31, 2003 Calhoun Family Resource Network 354-7177

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