Scholarship Terms
How do I accept my scholarship?
-
You must formally accept your scholarship by logging into the portal and signing the required document(s) by July 1.
-
The Amount Awarded is the total award with payments to be evenly divided over your two or four years at school.
Payments go directly to your school
-
The 101: Fund sends scholarship payments directly to you school at the address you provide below.
-
The 101: Fund helps cover the gap that financial aid and other sources do not fund. If 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.
Renewals
-
Students attending 4-year colleges must renew their scholarships every year by June 15.
-
Students attending Mercer County Community College must renew their scholarships for each term that they are attending MCCC.
-
You will be sent the renewal form from this system.
-
You will need to upload your most recent transcript (does not need to be an official transcript)
-
Complete a new FAFSA and submit a copy of your student aid report or financial aid letter with your renewal.
-
If you submit your renewal late, payment to your school may be delayed.
-
Failure to renew your scholarship for four consecutive semesters will result in the closing of your scholarship.
Maintain Scholarship Eligibility
-
All students must maintain a 2.0 cumulative grade point average. Failure to maintain this GPA may jeopardize your scholarship.
Requirements for Mercer County Community College (MCCC) Students
-
Take course placement tests before the fall
-
Register for at least one course for the fall semester
-
Meet with your 101 mentor; mentor assignments will be made over the summer.
-
Once school begins, meet with your MCCC Success Coach.
-
MCCC students must maintain a 2.0 cumulative grade point average to maintain their scholarship.
FAQ'S
What happens if I drop or withdraw from a class after the add/drop deadline? The cost of the dropped class will come out of your scholarship.
What if I don’t use up all of my scholarship money at MCCC? If you complete a degree at MCCC without spending all of your 101: Fund scholarship money, you may use the remainder of your scholarship at a 4-year institution (within the 6-year timeframe).
What if I want to go to summer school? You may apply for 101 funds for a summer school class, but this may use up your 101: scholarship faster, since your other financial aid is unlikely to cover any part of it. Email us at apply@101fund.org to let us know that you are planning to take a summer class.
Questions? Contact apply@101fund.org