Scholarship Terms

You must formally accept your scholarship by 1) logging into the portal and signing the required document(s) and 2) uploading a bill for the 2026-27 school year. Once these two conditions have been met, the 101: Fund will send your scholarship payment directly to your college/university.
The 101: Fund sends scholarship payments directly to your school at the address you provide.
Your scholarship must be used during the 2026-27 school year.

You may apply for additional funds in subsequent years as a returning student.
Returning students must still prove financial need, submit the required documentation, and demonstrate a cumulative 2.0 grade point average (GPA).
The 101: Fund does not pay for summer school for students attending a four-year college or university.

The 101: Fund helps cover the gap that financial aid and other sources do not fund. If your financial need decreases because you receive more financial aid from your school in later years, the 101: Fund will adjust the amount sent to your school based on the remaining gap.
If you withdraw from classes and your school refunds your tuition, you are responsible for sending your 101: Fund scholarship payment back to the 101: Fund. Failure to return unused 101: Fund money may lead to ineligibility for future scholarships from the 101: Fund.
Scholarships are to be used for qualified educational expenses including tuition and fees required for enrollment or attendance at the educational institution where you matriculate, or for fees, books, supplies, and equipment required for courses at that educational institution. In certain situations, scholarship funds may be considered taxable income for the recipient. For questions about how this scholarship might impact you, please consult with a tax professional.

Additional information for Mercer County Community College (MCCC) Students

Schedule and take course placement tests before the fall
Recipients may be assigned a 101: Fund mentor
Recipients are strongly encouraged to meet with a MCCC Success Advisor
The 101: Fund may pay for summer school upon request; using your scholarship for summer courses will typically spend down your scholarship more quickly.

Questions? Contact apply@101fund.org