Shawn Carter Scholarship Foundation (2012)
Much of the music of Shawn Carter (perhaps better known as Jay-Z) details his rise from inner-city poverty to his current status as a multi-millionaire entrepreneur and CEO. Through his scholarship foundation, the Shawn Carter Scholarship Foundation, Jay-Z aims to assist those who are in a similar situation that he found himself in so many years ago.
The Shawn Carter Foundation is currently offering scholarships “to help individuals facing socio-economic hardships” receive a college education. These scholarships are individual grants ranging from $1500 to $2500, and students can reapply annually.
Qualified applicants must be a high school senior, college student, and/or between the ages of 18-25 pursuing studies at a vocational or trade school. Applicants must have a minimum GPA of 2.5 and be a US Citizen.
For an idea of the most recent class of SC scholars:
• 66% come from single parent households
• 64% come from households earning $40,000 or less
• 34% represent households at the federal poverty level
• 3.86 is the average household size
• 34 is the number of US states represented in the applicant pool
The application for this scholarship program can be accessed online, and must be submitted by May 15, 2012. It goes without saying that, at its heart, this program wants to make sure that even if you have 99 problems, a scholarship won’t be one. Good luck!