The state of the American economy has many students dropping out of school simply because they can no longer afford to stay in school. Even students that qualify for student loans are fearful of building up large debts when the future is uncertain. As a result, many have felt their only option was to leave school and move back home with parents. Among the groups hardest hit with this decision are minorities and women. This means that African American women are dropping out of school in record setting numbers.
Before making the decision to drop out of school, students should search for scholarships for African American women. Scholarship money can pay for educational expenses and never needs to be repaid. There are several scholarships that are designed specifically for African American women. Among these is the Goldman Sachs 10,000 Women Business Leadership Award 2010-2011. This scholarship is open to African American Women with any major attending one of the many eligible schools. The scholarship provides $5000 dollars per year for both the junior and senior years to recipients. Students must have a 3.0 or higher GPA and the deadline for application is near the end of November, so students should apply online immediately.
Students that attend a UNCF college will want to begin by completing the UNCF college scholarship application. This application helps to find scholarships for which the student may qualify. The application may provide the needed money to allow the student to stay in school and complete her education.
For many African American women, education is the key to rising above poverty. Students, especially those that are first generation college students that receive an education open doors to better paying jobs and satisfying careers. Many students have worked hard to make it to college and now must continue the fight to complete their education in economic hard times.
In addition to applications for scholarships, students will want to complete a PELL grant application. This application is the first step to all government grants and loans. While loans will have to be paid back, grants do not. The PELL grant is the basis of all federal financial aid and may offer up to $5000 per year. Some states also offer supplemental grants that can help with educational expenses.
Students having financial difficulties may want to speak with the financial aid office at their school. The financial aid officers may be aware of scholarships that will allow the student to complete her education. Some students may wish to check into work-study programs or even part time jobs to complete their education now. Historically, many students that drop out of college never return to complete their education. Students are encouraged to make sacrifices now for a lifetime of a rewarding career.
