Midwestern University is pleased to announce two new scholarship opportunities for current students on both the Downers Grove, IL and Glendale, AZ campuses. The University will award a total of $250,000 for the 2010-2011 academic year in Need-Based and Financial Literacy Scholarships. The scholarship dollars will be split equally between the campuses.
Each campus will be able to offer 50 Need-Based Scholarships of $2,250 per student, for a total of $225,000 to students enrolled throughout each of the colleges and programs. Scholarships will be awarded to those students who demonstrate the highest financial need and who are additionally maintaining satisfactory academic progress.
In addition to meeting the same basic requirements, students wanting to apply for the Financial Literacy Scholarships will be required to submit a 500 word essay describing their efforts to minimize their educational debt, agree to allow their essay to be published, allow their names and photos to be used in promoting these efforts, and agree to participate in at least two events to share their knowledge and experience. For each campus, the University will award one $5,000 Financial Literacy Scholarship and three $2,500 scholarships for a total of $12,500 per campus.
The scholarships are funded by the proceeds from the Midwestern University's school-as-lender loans. The University's annual goal is to award between $150,000 and $300,000 in need-based aid from these proceeds. For several years, Midwestern University provided federal student loans through the school-as-lender program which has been discontinued due to federal legislative changes. More information about the two new scholarship programs is available from the Office of Student Financial Services.
For more information, please contact:
Office of Communications
630/515-7333 (IL) or 623/572-3353 (AZ)