Scholarship Info

Scholarship Terms

Scholarship Terms

How long do I have to use my 101: Fund scholarship?
 

  • You must accept and activate your scholarship within two years of graduating from PHS. Failure to accept your scholarship formally (through the online portal) will result in the closure of your scholarship after two years.

  • The Amount Awarded is the total award with payments to be evenly divided over your two or four years at school.

  • Once you begin using your scholarship, you have 6 years (from your PHS graduation date) to use it up.


Payments go directly to your school
 

  • The 101: Fund sends scholarship payments directly to you school at the address you provide below. Scholarships are for tuition only, not books, housing, travel or other expenses.

  • The 101: Fund covers 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. We will reserve your scholarship until you finish your undergraduate education (within the 6-year timeframe), in case you need the money to finish your degree.


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