Ready to Succeed Scholarship
For the first time this school year, a Ready to Succeed Scholarship Program will be available for college students attending private and public schools in Pennsylvania. The state has allocated $5 million in the budget for the merit-based scholarship, and the Pennsylvania Higher Education Assistance Agency (PHEAA) will be administering the program.
To qualify, students must have completed at least one academic year - defined as having earned at least 24 semester credits - have at least a 3.25 GPA and family income cannot exceed $110,000. Students who receive needs-based scholarships are eligible as well. A full-time student can receive up to $2,000 and part-time students can get up to $1,000. The minimum award is $500. The scholarship can be used toward tuition, books, living expenses, fees or supplies.
PHEAA will forward the colleges and universities a roster of students who qualify for the grants based on income, and it will be up to the schools to certify a student’s academic eligibility. Colleges are able to start nominating students now and applications will need to be submitted by September 15th. The state will notify students between mid-October and November if they have received an award.
There is no limit for how many students a school can nominate and awards will be given out on a first come, first served basis. In Pennsylvania, with nearly 700,000 college students, PHEAA estimates tens of thousands of students will qualify for these grants, but expects about 3,600 students will actually receive an award based on the low state allocation for this program.
Students should be doing everything possible to lower their college debt and I am pleased the Commonwealth has introduced another resource for those looking to continue their education after high school. Oftentimes, middle income students do not qualify for state grants because there are other students in more financially desperate situations. The Ready to Succeed Scholarships offer these middle income students a new opportunity for financial freedom.
To learn more about if you are eligible for one of these scholarships or how to apply, please contact your college or university’s Financial Aid Office.