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Submission: On January 19 via manual from IN — Scanned from DE
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Scroll the table right/left to view more On November 22, 2022, the student loan payment pause was extended until the U.S. Department of Education is permitted to implement the debt relief program or the litigation is resolved. Payments will restart 60 days later. If the debt relief program has not been implemented and the litigation has not been resolved by June 30, 2023 – payments will resume 60 days after that. Learn More × * Student Loans * Undergraduate * Graduate * Parent Loans * Tennessee Lending Program for Teachers and Nurses * Eligibility Requirements * FAQs * Refinance Student Loans * Student Loan Refinancing * Parent Loans * Benefits & Savings * Eligibility Requirements * FAQs * Referral Program * For Business * CARES Act Details * About * Resources * Private Student Loan Calculator * Student Loan Refinance Calculator * Blog * Reviews * Press Rates starting at: Variable 3.99% APR | Fixed 4.83% APR* * 1-844-601-ELFI * Log In * Student Loans * Undergraduate * Graduate * Parent Loans * Tennessee Lending Program for Teachers and Nurses * Eligibility Requirements * FAQs * Refinance Student Loans * Student Loan Refinancing * Parent Loans * Benefits & Savings * Eligibility Requirements * FAQs * Referral Program * For Business * CARES Act Details * About * Resources * Private Student Loan Calculator * Student Loan Refinance Calculator * Blog * Reviews * Press Find My Rate Find My Rate CATEGORIES For College Personal Finance Private Student Loans SCHOLARSHIPS FOR BLACK & AFRICAN AMERICAN STUDENTS November 1, 2021 Zina Kumok UPDATED: DECEMBER 19, 2022 For high school students, the high price tag of college can be scary to face – and for good reason. During the 2021-2022 school year, the average cost of college, including tuition and room and board, was $27,330 for public universities and $55,800 for private universities. That’s pretty steep. Fortunately, there are many scholarships for African American students that can minimize the out-of-pocket costs of college. Knowing how to get a scholarship can also help you take out fewer student loans, allowing you to graduate with less debt. To make it easier, we compiled a list of some of the best scholarships for Black students: 16 BEST SCHOLARSHIPS FOR BLACK & AFRICAN AMERICAN STUDENTS Many of these scholarships for black students are designed for those studying a specific major or degree, but others are for all disciplines. 1. ENTERPRISE HOLDINGS ROAD FORWARD SCHOLARSHIP 2021 This award is given to a high school senior who is the first person in their family to attend college. There are 72 awards distributed with a value of up to $12,222.22. The recipient must attend a college that is part of the United Negro College Fund list of institutions, which includes most Historically Black Colleges and Universities (HBCU). To be eligible for this scholarship, students must have a 2.75 GPA, have completed the Free Application for Federal Student Aid (FAFSA) and have demonstrated financial need. 2. JACKIE ROBINSON FOUNDATION SCHOLARSHIP The Jackie Robinson Foundation gives out 60 scholarships to minority high school seniors who are scheduled to attend an accredited, four-year institution. Students must have demonstrated financial need, proof of community service and an excellent academic history. Winners will receive up to $30,000 distributed over four years. . 3. MARK A. JEFFERSON TEACHING SCHOLARSHIP This scholarship is given to a Black male student who wants to become a teacher. There will be two winners, who will each receive $1,106. Applicants must have a 2.8 GPA and answer an essay question about how they will create a positive impact as a teacher. 4. GENERATION GOOGLE SCHOLARSHIP Minority students interested in computer science can apply for the Generation Google Scholarship. Students studying in the U.S. will receive $10,000, while students attending a Canadian institution will receive $5,000. Students must have demonstrated financial need, an excellent academic record and be currently enrolled or planning to attend a four-year institution full-time. Applications will open in early 2023. 5. THE GATES SCHOLARSHIP The Gates Scholarship is given to 300 minority students who come from low-income backgrounds. The maximum value of the scholarship is the total cost of attendance, minus all other types of financial aid. That makes it one of the most valuable scholarships for Black college students on this list. To qualify you must be a high school senior, have a 3.3 GPA and be a U.S. citizen, national, or permanent resident. 6. BLACKS AT MICROSOFT SCHOLARSHIP Students interested in the Blacks at Microsoft Scholarship program must have a 3.3 GPA, demonstrated financial need and an interest in studying computer science, computer information systems or a business major like finance, business administration or marketing. Microsoft selects 27 winners for this scholarship program. Four applicants will receive $20,000 each, eight will receive $10,000 each and 15 will receive $1,000 each. This is one the most generous scholarships for Black college students. 7. RON BROWN SCHOLARSHIP The Ron Brown Scholarship provides between 45 and 50 scholarships for Black college students worth a total of $40,000. The scholarship gives out $10,000 annually for four years. Students can major in any field, but must show an interest in public service, community engagement, business entrepreneurship or global citizenship to qualify. To qualify, you must be a high school senior and a U.S. citizen or permanent resident. 8. AICPA SCHOLARSHIP FOR MINORITY ACCOUNTING STUDENTS Minority students interested in accounting can apply for this scholarship, which provides a $3,000 or $5,000 scholarship to an undergraduate or graduate student majoring in accounting. Applicants must have a 3.0 GPA, demonstrated financial need and at least six credit hours completed in accounting. 9. NOAA OFFICE OF EDUCATION SCHOLARSHIP The NOAA Office of Education Scholarship is open to Black students interested in a science, technology, engineering or math (STEM) field. Students must have a 3.2 GPA, be in their second or third year of college and be enrolled in a minority-serving institution like an HBCU. Winners will also receive the opportunity for two paid internships at an NOAA facility. 10. CBC SPOUSES PERFORMING ARTS SCHOLARSHIP Black students interested in the performing arts, including drama, music, dance, opera, marching band and more, can apply for this $3,000 scholarship. There will be two winners. Applicants must be in their final year of high school or already enrolled in college. Applicants must have a 2.5 GPA and enroll full-time in an undergraduate degree at an accredited university. 11. CONGRESSIONAL BLACK CAUCUS FOUNDATION HBCU NREI SCHOLARSHIP This scholarship provides a one-time $10,000 award to a Black student who is attending an HBCU and studying one of the following disciplines: * Criminal justice * Education * Civil rights * Community/economic development Undergraduate, graduate and doctoral students can all apply. 12. ACS SCHOLARS PROGRAM Minority students interested in chemistry can apply for this scholarship, which provides up to $5,000 per academic year. To qualify, you must be a high school senior or currently enrolled in an accredited institution. You must also be majoring in a chemistry-related major such as biochemistry, chemical engineering, chemical technology or a similar field. 13. AMS MINORITY SCHOLARSHIP Minority students pursuing a science-related major can apply for this scholarship. Students must be incoming college freshmen and have a 3.0 GPA. Winners will receive $3,000 for their freshman year and $3,000 for their sophomore year. 14. CHARLES SHELTON FOUNDATION SCHOLARSHIP The Charles Shelton Foundation gives out $2,000 each to two students enrolled in veterinary school. Applicants must be African-American, have a 3.0 GPA, and be legal U.S. residents. Students will have to write an essay discussing the ethics of using lab animals for scientific experiments. 15. AMERICAN BUS ASSOCIATION DIVERSITY SCHOLARSHIP Students who are interested in working in the transportation, travel, or tourism industries can apply for this $5,000 scholarship. Applicants must be already enrolled in a four-year accredited college. This scholarship is only open to those who belong to a minority group. Applicants are judged on their grades, financial need, leadership skills and more. 16. GOLDMAN SACHS MBA SCHOLARSHIP First-year MBA students who are part of a minority group can apply for this $35,000 scholarship, which also includes a paid summer internship. If you complete the internship and are offered a full-time job after graduation, you’ll receive a $40,000 bonus as well. Please visit the link for 2023 application periods. RESOURCES TO FIND SCHOLARSHIPS FOR BLACK & AFRICAN AMERICAN STUDENTS There are many scholarships for African American students, though they may seem hard to find. If you’re trying to find more scholarships, ask the financial aid department at your college how to maximize your aid. Also, ask your professors, supervisors or other adults if they know of any additional awards or opportunities. There are many scholarship websites that list scholarships for Black students from private companies and organizations. Sign up so you can be notified of potential scholarships. Here are the most popular sites: * Bold.org * Chegg * CollegeScholarships.org * College Board * Fastweb * Going Merry * Niche * Peterson’s * ScholarshipOwl * Scholarships.com * Sholly * Unigo FILL ANY FUNDING GAPS WITH PRIVATE STUDENT LOANS If you’ve applied for scholarships for African American students, maxed out federal student loans and still need more money for college, consider taking out private student loans. A private student loan can fill in the gaps after you’ve taken advantage of other types of financial aid. You will likely need a cosigner to qualify for a private student loan, who will be financially responsible for the student loans if you default. The cosigner is most often a parent or other relative, but can be anyone you know with a good credit score and stable income. ELFI offers private student loans with terms ranging from five to 10 years.* There are no application fees or prepayment penalties. When you apply with ELFI, you’ll be assigned a personal student loan advisor to help guide you through the entire loan application process. LEAVE A REPLY CANCEL REPLY Your email address will not be published. Required fields are marked * Comment * Name * Email * Website RELATED POSTS 2022-03-30 SCHOLARSHIPS FOR BLACK AND AFRICAN AMERICAN STEM MAJORS -------------------------------------------------------------------------------- If you’re looking for a career path with plenty of job opportunities, majoring in STEM could be a solid way […] READ MORE 2021-04-06 HOW TO GET A SCHOLARSHIP -------------------------------------------------------------------------------- When you’re planning your college budget, thinking about how to get a scholarship can help make school more affordable. […] READ MORE CATEGORIES Career ELFI for Business For College For Parents Graduate School Lifestyle Personal Finance Private Student Loans Student Loan Forgiveness Student Loan Refinancing RELATED POSTS How to Pay Off Six-Figures of Student Loan Debt Medical Residency Requirements & How to Apply in the USA What is the ROTC, and How Can It Help You Avoid Student Debt? Tax Breaks for College Students 10 Ways to Make and Save Money Over Winter Break HOW MUCH COULD YOU SAVE BY REFINANCING? Use our student loan refinancing calculator to see how much you could save by refinancing your student loans. Calculate Savings * Login * Press * Careers * Referral Program * Corporate Site * About Us * Contact Us * answers@elfi.com * 1-844-601-ELFI * Legal * Privacy Policy * USA Patriot Act * Refinancing Terms & Conditions * Private Student Loan Terms & Conditions * TNLP Terms & Conditions EDUCATION LOAN FINANCE © 2015-2021 Education Loan Finance from SouthEast Bank®. 12700 Kingston Pike, Farragut, TN 37934. All rights reserved. Subject to credit approval. See Terms and Conditions. * * * * * THIS WEBSITE IS FOR EDUCATIONAL AND INFORMATIONAL PURPOSES ONLY AND SHOULD NOT BE CONSTRUED AS LEGAL, FINANCIAL OR TAX ADVICE. WHILE THE ELFI TEAM WORKS TO MAINTAIN UPDATED BLOG CONTENT, THE INFORMATION PROVIDED IS SUBJECT TO CHANGE OVER TIME. INFORMATION IS ACCURATE AS OF THE PUBLISHING DATE. LINKS TO OTHER WEBSITES OR REFERENCES TO SERVICES OR APPLICATIONS ARE PROVIDED AS A CONVENIENCE ONLY. A LINK DOES NOT IMPLY ELFI’S SPONSORSHIP OR APPROVAL OF ANY OTHER SITE, SERVICE OR APPLICATION. ELFI DOES NOT CONTROL THE CONTENT OF THESE SITES, SERVICES OR APPLICATIONS. *Education Loan Finance is a nationwide student loan provider offered by Tennessee based SouthEast Bank. ELFI is designed to assist students financially with receiving their education. Subject to credit approval. See Terms & Conditions. Interest rates current as of 1-1-23. Variable interest rates may increase after closing but will never exceed 18.00%. Interest rates may also differ from the rates shown above. The term of your loan, financial history, and other factors, including your cosigner’s (if any) financial history can affect the interest rate. For example, a 10-year loan with a fixed rate of 7% would have 120 payments of $11.61 per $1,000 borrowed. 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