What are endowed scholarships at Chowan University?
An endowed scholarship provides merit-based and need-based financial support for academically talented students through the use of an invested fund designated for scholarships. Scholarship awards are generated from the earnings of the invested fund rather than from the principal. In that way, an endowed scholarship fund is never expended, and it can provide financial support for students in perpetuity. These scholarships may be named to honor the memory of someone; identified with a family or corporation; or named after a particular cause, need, or group that is important to the donor. Chowan University Development Office works with the donor(s) to establish the selection criteria for their scholarships. Increasing the amount of aid available to students through endowed scholarships makes the college less dependent on unrestricted funds to meet its student aid budget. Endowed scholarships are used to fund institutional scholarships that are awarded by Chowan University such as Merit, L
Related Questions
- I want to apply for the Endowed Scholarship, Roads Scholarship and Chapter Scholarships. Are there different applications?
- I want to apply for the Endowed Scholarship, "Roads" Scholarship and Chapter Scholarships. Are there different applications?
- What happens to students who have been going to NC State on endowed scholarships?
