10 Scholarships for Students from Low-Income Families

Scholarships are a valuable resource that can alleviate the burden of tuition, books, and other education-related expenses. They provide more than just financial support—they also open doors to opportunities that might otherwise be out of reach. These awards can help students focus on their studies without the constant worry of how to pay for their education.

Many scholarships are specifically tailored for students from low-income backgrounds. These programs aim to level the playing field by providing essential funding and sometimes additional resources such as mentorship and academic support. By reducing the financial strain, these scholarships allow students to concentrate on their academic and personal growth, enhancing their chances of success in college and beyond.

In addition to covering educational costs, some scholarships also offer guidance and resources to help students navigate their academic journey. This support can be crucial for those who might lack the necessary information or resources to make informed decisions about their education and career paths.

Whether you’re a high school senior preparing for college or a current student looking for additional support, understanding and accessing these scholarships can make a significant difference in your educational experience. There are many opportunities available, each designed to help students overcome financial hurdles and achieve their academic goals.

10 Scholarships for Students from Low-Income Families

1. Pell Grant

The Pell Grant is one of the most well-known and widely utilized forms of financial aid available to students from low-income families in the United States. Funded by the federal government, this grant aims to provide need-based financial assistance to help cover the cost of higher education, including tuition, fees, room and board, and other educational expenses. Unlike loans, Pell Grants do not have to be repaid, making them an invaluable resource for students who need financial support to pursue their academic goals.

Eligibility for the Pell Grant is determined primarily through the Free Application for Federal Student Aid (FAFSA). The FAFSA collects information about a student’s family income, assets, and other financial factors to calculate the Expected Family Contribution (EFC). The EFC is then used to determine the student’s financial need and their eligibility for federal aid, including the Pell Grant. Generally, students with a lower EFC have a higher chance of qualifying for a larger grant amount.

For the 2024-2025 academic year, the maximum Pell Grant award is $7,395. The actual amount a student receives depends on several factors, including their financial need, the cost of attendance at their chosen institution, their enrollment status (full-time or part-time), and whether they attend for a full academic year or less. The Pell Grant can be used at approximately 5,400 postsecondary institutions across the country, including colleges, universities, community colleges, and trade schools.

One of the significant advantages of the Pell Grant is its flexibility. Students can use the funds not only for tuition but also for other educational expenses such as books, supplies, and living costs. This comprehensive support helps to reduce the financial burden on low-income students, allowing them to focus more on their studies and less on how to pay for their education.

The Pell Grant has been instrumental in enabling millions of students to pursue higher education since its inception. For many, it serves as a crucial stepping stone toward achieving their academic and career aspirations. By providing essential financial support, the Pell Grant helps to ensure that higher education is accessible to all students, regardless of their financial background.

2. The Gates Millennium Scholars Program

The Gates Millennium Scholars (GMS) Program is a highly esteemed scholarship initiative funded by the Bill and Melinda Gates Foundation. Established to provide outstanding African American, American Indian/Alaska Native, Asian & Pacific Islander American, and Hispanic American students with the opportunity to complete a college education, this program is designed to support those who demonstrate significant financial need. The GMS Program aims to promote academic excellence and reduce financial barriers, enabling students from underrepresented backgrounds to achieve their educational and professional goals.

To be eligible for the Gates Millennium Scholars Program, students must meet several criteria. Applicants must be high school seniors, have a minimum cumulative GPA of 3.3 on a 4.0 scale, and be eligible for the Pell Grant. They must also demonstrate leadership abilities through participation in community service, extracurricular, or other activities. Additionally, applicants must be U.S. citizens or permanent residents.

One of the key features of the GMS Program is its comprehensive financial support. The scholarship covers the full cost of attendance, which includes tuition, fees, room, board, and other educational expenses. This ensures that scholars can focus entirely on their studies without the worry of financial constraints. The program supports students throughout their undergraduate studies and, if they choose to pursue it, through their graduate education in specific fields such as computer science, education, engineering, library science, mathematics, public health, and science.

Beyond financial aid, the Gates Millennium Scholars Program offers a range of additional resources and support services. Scholars benefit from leadership development programs, academic support, mentoring, and career counseling. These services are designed to help students succeed not only academically but also professionally and personally. The program fosters a strong sense of community among scholars, encouraging networking and the building of lifelong connections.

The Gates Millennium Scholars Program has made a profound impact on the lives of thousands of students. By providing comprehensive support, it empowers students from low-income and underrepresented backgrounds to overcome financial challenges and pursue their dreams. The program’s commitment to diversity, leadership, and academic excellence continues to inspire and uplift future generations of scholars.

3. The Jack Kent Cooke Foundation Scholarship

The Jack Kent Cooke Foundation Scholarship is a prestigious and generous scholarship program designed to support high-achieving students with financial need. Established by the Jack Kent Cooke Foundation, this scholarship aims to assist students in reaching their full potential through higher education, offering substantial financial aid, academic support, and enrichment opportunities.

Eligibility for the Jack Kent Cooke Foundation Scholarship is based on several criteria. Applicants must demonstrate exceptional academic ability and achievements, typically indicated by high grades and standardized test scores. They must also have significant financial need, which is assessed based on family income and assets. The foundation considers students from diverse backgrounds, including those who have faced significant personal challenges or come from underserved communities. Both high school seniors and community college students planning to transfer to a four-year institution are eligible to apply.

One of the standout features of the Jack Kent Cooke Foundation Scholarship is its substantial financial support. The scholarship can provide up to $55,000 per year to cover the cost of tuition, living expenses, books, and other required fees. This extensive funding enables recipients to attend some of the most prestigious colleges and universities in the United States without the burden of financial stress. The foundation also offers continued support for recipients pursuing graduate studies.

In addition to financial aid, the Jack Kent Cooke Foundation provides a robust network of resources to help scholars succeed. Recipients gain access to a community of fellow scholars and alumni, fostering connections and peer support. The foundation offers academic advising, career counseling, and internship opportunities to ensure that scholars are well-prepared for their future careers. Various enrichment programs, including study abroad experiences and internships, further enhance the educational journey of the scholars.

The Jack Kent Cooke Foundation Scholarship has had a transformative impact on the lives of many students. By removing financial barriers and providing comprehensive support, the scholarship empowers talented individuals to pursue their academic and career aspirations. The foundation’s commitment to nurturing excellence and providing opportunities for those with financial need ensures that promising students can achieve their dreams and contribute meaningfully to society.

4. Horatio Alger Scholarship

The Horatio Alger Scholarship is a prestigious award designed to support students who have faced significant adversity and demonstrate a strong commitment to pursuing higher education despite financial challenges. Named after the 19th-century author Horatio Alger, who wrote about overcoming hardship through perseverance and hard work, this scholarship aims to assist students who embody these values and are determined to succeed academically and professionally.

Eligibility for the Horatio Alger Scholarship requires applicants to be high school seniors in the United States who exhibit a strong financial need, with an annual family income of $55,000 or less. Applicants must also demonstrate integrity, perseverance in overcoming adversity, and a commitment to community service. Additionally, they must maintain a minimum GPA of 2.0 and be involved in co-curricular and community activities. U.S. citizenship is also a requirement for this scholarship.

The financial support provided by the Horatio Alger Scholarship is significant. National Scholars can receive up to $25,000, while State Scholars can receive varying amounts based on their state of residence. This financial aid can be used to cover tuition, fees, books, and other educational expenses, making higher education more accessible for students who might otherwise struggle to afford it. The funds are distributed over the course of the recipient’s undergraduate education, ensuring continued support throughout their college journey.

Beyond financial assistance, the Horatio Alger Association offers a range of resources and support services to help scholars succeed. Recipients gain access to a robust network of fellow scholars and alumni, providing opportunities for mentorship and networking. The association also offers career development services, internship opportunities, and annual conferences that allow scholars to build valuable skills and connections.

The impact of the Horatio Alger Scholarship extends far beyond financial support. By recognizing and rewarding students who have overcome significant obstacles, the scholarship encourages resilience and determination. It empowers recipients to achieve their educational and career goals, fostering a sense of hope and possibility. The Horatio Alger Association’s commitment to helping students succeed reflects its belief in the power of education and the potential of every individual to overcome adversity and make a positive impact on the world.

5. Coca-Cola Scholars Program

The Coca-Cola Scholars Program is a prestigious scholarship initiative designed to recognize and support high-achieving high school seniors who demonstrate exceptional leadership, academic excellence, and a commitment to community service. Sponsored by the Coca-Cola Company, this program aims to empower young leaders who have the potential to make a significant impact in their communities and beyond.

Eligibility for the Coca-Cola Scholars Program requires applicants to be current high school seniors attending a school in the United States, including U.S. territories and Department of Defense schools. Applicants must have a minimum GPA of 3.0 at the end of their junior year and demonstrate leadership, service, and dedication to making a difference in their schools and communities. The program values a diverse pool of candidates who excel not only academically but also in extracurricular activities and community involvement.

The Coca-Cola Scholars Program awards 150 scholarships each year, each worth $20,000. This substantial financial support helps recipients cover the costs of their college education, including tuition, fees, books, and other expenses. The scholarship is distributed in increments over the course of the recipients’ undergraduate studies, ensuring continued support throughout their college journey. This financial assistance can significantly alleviate the burden of college expenses, allowing scholars to focus on their academic and leadership pursuits.

Beyond financial support, the Coca-Cola Scholars Program offers a wealth of opportunities for personal and professional development. Scholars are invited to participate in the Coca-Cola Scholars Weekend, an annual event that includes leadership development activities, networking opportunities, and a celebration of their achievements. Additionally, scholars gain access to a lifelong network of alumni and professionals who provide mentorship, career advice, and support.

The Coca-Cola Scholars Program has a profound impact on the lives of its recipients. By providing financial aid and fostering a community of driven, service-oriented individuals, the program encourages scholars to continue their efforts in creating positive change. The Coca-Cola Scholars Program’s commitment to nurturing young leaders ensures that these students can achieve their educational and career goals, ultimately contributing to the betterment of society.

6. Dell Scholars Program

The Dell Scholars Program is a highly regarded scholarship initiative aimed at supporting low-income, highly motivated students who demonstrate a strong determination to succeed in college. Funded by the Michael & Susan Dell Foundation, this program focuses not only on financial assistance but also on providing a comprehensive support system to ensure students’ success throughout their higher education journey.

Eligibility for the Dell Scholars Program requires applicants to be high school seniors who have participated in an approved college readiness program, such as AVID, GEAR UP, Upward Bound, or another similar program. Applicants must have a minimum GPA of 2.4, demonstrate financial need, and plan to enroll in a bachelor’s degree program at an accredited higher education institution immediately after high school. The program values students who have faced and overcome significant obstacles in their lives and have shown a strong commitment to achieving their academic and career goals.

The Dell Scholars Program provides each recipient with a $20,000 scholarship, which can be used to cover tuition, fees, books, and other college-related expenses. This financial assistance is distributed over the course of the recipient’s undergraduate studies, ensuring continued support throughout their college career. In addition to the monetary award, scholars receive a laptop and a $500 annual credit for textbooks, further alleviating the financial burden of higher education.

One of the standout features of the Dell Scholars Program is its comprehensive support system. Scholars gain access to a robust network of resources, including academic advising, career counseling, mental health support, and financial aid counseling. This holistic approach helps students navigate the various challenges they may encounter during their college journey. The program also provides a dedicated support team that is available to assist scholars with any personal or academic issues they may face.

The Dell Scholars Program has a significant impact on the lives of its recipients. By offering financial aid and a comprehensive support system, the program empowers students to overcome financial and personal obstacles, enabling them to achieve their academic and career aspirations. The Dell Scholars Program’s commitment to supporting low-income, highly motivated students ensures that they have the resources and guidance needed to succeed in college and beyond.

7. The Ronald McDonald House Charities Scholars Program

The Ronald McDonald House Charities (RMHC) Scholars Program is a notable scholarship initiative aimed at supporting high school students who demonstrate academic excellence, leadership, and a commitment to community service, but who may face financial barriers to higher education. Sponsored by Ronald McDonald House Charities, this program seeks to alleviate the financial burden of college education and help students achieve their academic and career goals.

Eligibility for the RMHC Scholars Program requires applicants to be high school seniors who are eligible to attend a two- or four-year college or university with a full course of study. Applicants must be legal U.S. residents and be less than 21 years of age. Additionally, they need to demonstrate financial need, possess a minimum GPA of 2.7, and be active in community service. The program encourages students from diverse backgrounds to apply, with some scholarships specifically designed for students from various racial and ethnic groups.

The financial support provided by the RMHC Scholars Program varies, with scholarship amounts typically ranging from $1,000 to $5,000. These scholarships can be used to cover tuition, fees, books, supplies, and other educational expenses. The goal is to make higher education more accessible and affordable for students who have shown dedication and hard work in their academic and extracurricular activities.

In addition to financial assistance, the RMHC Scholars Program offers various resources to help scholars succeed in their educational endeavors. Recipients join a community of like-minded individuals who are committed to academic excellence and community service. This network can provide valuable support, mentorship, and opportunities for personal and professional growth. The program also often collaborates with local RMHC chapters, which can offer additional resources and support to scholars within their communities.

The Ronald McDonald House Charities Scholars Program has had a positive impact on the lives of many students by providing both financial aid and a supportive network. By recognizing and rewarding students who excel academically and contribute to their communities, the program empowers them to pursue higher education and build successful futures. The RMHC Scholars Program’s dedication to helping students overcome financial challenges ensures that deserving individuals have the opportunity to achieve their educational and career aspirations.

8. Unmet Need Scholarship Program (UNSP)

The Unmet Need Scholarship Program (UNSP) is a valuable scholarship initiative designed to help low-income students cover the financial gap between their available resources and the total cost of attending college. This program aims to ensure that financial barriers do not hinder deserving students from pursuing higher education and achieving their academic and career goals.

Eligibility for the Unmet Need Scholarship Program requires applicants to be U.S. citizens or legal residents who are enrolled or planning to enroll in a full-time undergraduate program at an accredited college or university. Applicants must demonstrate significant financial need, which is determined by the difference between their total cost of attendance and the amount of financial aid they receive from federal, state, and institutional sources. The program typically prioritizes students from low-income families who have a strong academic record and are committed to completing their college education.

The financial support provided by the Unmet Need Scholarship Program varies based on the individual financial circumstances of each recipient. Awards can range from a few hundred dollars to several thousand dollars, depending on the student’s unmet need. This funding helps cover tuition, fees, books, room and board, and other educational expenses, significantly reducing the financial burden on students and their families. By addressing the gap in funding, the UNSP ensures that students have the resources they need to focus on their studies and succeed academically.

Beyond financial assistance, the Unmet Need Scholarship Program often provides additional support to help students navigate their college experience. This can include academic advising, career counseling, and access to a network of fellow scholarship recipients and alumni. These resources can be invaluable in helping students make informed decisions about their education and future careers, as well as providing a sense of community and support.

The Unmet Need Scholarship Program has a profound impact on the lives of its recipients. By providing essential financial aid and support, the program enables students from low-income backgrounds to pursue higher education without the constant worry of financial constraints. This empowerment allows students to focus on their academic and personal development, ultimately leading to successful careers and the ability to give back to their communities. The UNSP’s commitment to bridging the financial gap ensures that more students have the opportunity to achieve their educational dreams.

9. The National Merit Scholarship Program

The National Merit Scholarship Program is one of the most prestigious and well-known scholarship initiatives in the United States. Established in 1955, the program aims to recognize and reward academically talented high school students for their exceptional scholastic achievements. Sponsored by the National Merit Scholarship Corporation (NMSC), this program provides financial support and national recognition to top-performing students, encouraging them to pursue higher education and further academic excellence.

Eligibility for the National Merit Scholarship Program begins with the Preliminary SAT/National Merit Scholarship Qualifying Test (PSAT/NMSQT), typically taken during a student’s junior year of high school. The PSAT/NMSQT serves as the initial screening for the program. Students who score in the top percentile in their state are designated as Commended Students or Semi-finalists. Semi-finalists are then invited to submit a detailed scholarship application, which includes their academic record, a recommendation letter, an essay, and information about extracurricular activities and leadership roles. From this pool, approximately 15,000 students are named Finalists, and around 7,500 of these Finalists receive Merit Scholarship awards.

The National Merit Scholarship Program offers several types of scholarships. National Merit $2,500 Scholarships are awarded on a state-representational basis, ensuring that students from all regions of the country are recognized. Corporate-sponsored Merit Scholarships are provided by businesses and corporations, often to children of employees or students pursuing specific career fields. Additionally, college-sponsored Merit Scholarships are awarded by colleges and universities to students who plan to attend their institution. These scholarships can significantly reduce the cost of higher education by covering tuition, fees, and other educational expenses.

In addition to financial support, being named a National Merit Scholar provides significant prestige and recognition. It can enhance a student’s college application, making them more attractive to selective institutions and scholarship committees. National Merit Scholars often gain access to additional scholarship opportunities and academic programs, further enhancing their educational experience.

The impact of the National Merit Scholarship Program extends beyond financial assistance. By recognizing and rewarding academic excellence, the program encourages students to strive for their highest potential. It fosters a culture of academic achievement and leadership, motivating students to excel in their studies and contribute positively to their communities. The National Merit Scholarship Program’s commitment to celebrating scholastic talent ensures that the brightest minds are supported and empowered to pursue their educational and career aspirations.

10. The Educational Opportunity Program (EOP)

The Educational Opportunity Program (EOP) is a valuable initiative designed to support students from low-income and historically underserved backgrounds in their pursuit of higher education. Established by various state university systems, including those in New York and California, EOP aims to provide access, academic support, and financial assistance to students who demonstrate potential but may lack the traditional academic qualifications for college admission.

Eligibility for EOP typically requires students to be first-generation college students, come from a low-income background, and show academic promise. The program assesses each applicant holistically, considering factors such as high school performance, standardized test scores, and personal circumstances.

EOP offers a range of services to help students succeed. These include academic advising, tutoring, mentoring, and personal counseling. Additionally, EOP provides financial aid packages that can include grants, work-study opportunities, and scholarships to reduce the financial burden of attending college.

The impact of the Educational Opportunity Program is significant, offering not just financial relief but also a comprehensive support system that fosters academic success and personal growth. By leveling the playing field, EOP empowers students to achieve their educational goals and prepares them for successful careers, ultimately contributing to greater social equity.