FAQ’s

Entrepreneur’s Scholarship Unlocking Minds Thru Education

ENTREPRENEUR’S SCHOLARSHIP PROGRAM

Frequently Asked Questions

 

Who is eligible to apply?

To be eligible for this award, you must:

  • be between 17 to 24 years of age.
  • be a high school senior or college freshman, sophomore or junior.
  • must maintain a 2.5 GPA or higher.
  • be a resident of the Dallas/Fort Worth Metroplex.
  • have a Free Application for Federal Student Aid (FAFSA) Expected Family Contribution (EFC) of $3,800 or lower.
  • Must meet the income requirements. Low income is defined as a single parent household making $65,000 per year or less (or) a married, two parent, household making $130,000 or less.

When is the application deadline?

May 1, 2020

What is the Program timeline?

  • Application Opens: January 1, 2020
  • Application Deadline: May 1, 2020
  • Scholarship Recipients Notified: June 2020
  • Scholarship Checks Issued: August 2020

What are the selection criteria?

An independent selection committee will evaluate the applications and select the recipients considering:

    • Financial need
    • Community involvement
    • Essay content
    • Academic achievements and records
      Decisions of the selection committees are final and are not subject to appeal. No application feedback will be given.

What are the details of the award?

  • The number of awards and award amounts will be determined by the sponsor.
  • Students may reapply each year as long as they continue to meet the eligibility criteria.
  • The scholarships will be applied to tuition, fees, books, supplies and equipment required for course load at accredited, nonprofit two- or four-year colleges/universities in the United States.
  • Students may transfer from one institution to another and retain the award.

Is this scholarship renewable?

No. All recipients will have to re-apply every year.

Which school should I list on the application if I have not made a final decision?

You should list your first choice on the application.

How do I change my college choice?

You may update your final school choice by emailing info@esume.org. If you are chosen to receive an award, it will be your responsibility to make sure your college is updated at least 30 days prior to the check issue date stated in the award notification so your check can be issued accordingly.

How do I know if my application is complete?

You will receive a confirmation email within minutes after your submission. You will not be able to submit your application unless you have all of your documents uploaded and you have completely filled out your application.

What is the difference between Official and Unofficial Transcripts?

Official transcripts must be obtained through your high school administration office, or your college registrar office. These transcripts are normally printed on official letterhead and/or state that they are official. These may contain a signature.

Note: Your official transcript may come to you in a sealed envelope, stating it will become unofficial if opened. When scanning or copying your official transcripts, a watermark may appear noting they are now unofficial. Despite any watermarks or sealed envelopes, you may open the envelope if needed to upload the document. These documents will still be considered official for our purposes. When scanning or copying, you do not need to include a copy of the sealed envelope.

Do I need my/my parent’s tax return? Which tax year of my tax return do I need?

Please send us the tax return in the year you were approved for FAFSA or TASFA. For example: if the FAFSA or TASFA application required you to upload your 2018 tax return, we will need the same. You only have to upload pages 1 and 2 of the tax return.

Unofficial transcripts may be accessed through your school’s online student portal. These pages must still be converted to one of the acceptable file formats. There are free tools available that will allow you to save various documents (including web pages) as a PDF. Unofficial transcripts must contain your name and the school name and contact information.

What are the DOs and DON’Ts of uploading documents to my application?

DO:

  • Upload in the correct file format (.pdf or doc, docx).
  • Only upload the requested documents.
  • Black out any Social Security numbers on the documents you are uploading. This is not required, but advised.
  • Check your email to verify your documents have been accepted.

DON’T:

  • Upload a jpeg, gif, png file or any other format we don’t accept.
  • Upload more than the requested documentation.
  • Assume your documents are correct and accepted once you have uploaded them.
  • Upload a document stating you are mailing your documents.
  • Assume the required document does not pertain to you. If the application states the document is required, your application will remain incomplete if you do not provide that document.
  • Password protect your uploaded documents. Password protected documents will be rejected.
  • Upload any file that has a viewing expiration date.

Where and when should I send my supporting documents?

The required supporting documents must be uploaded to your online application by the application deadline. If you do not follow the upload instructions exactly, your application may not be considered. Documents that meet the criteria required for the scholarship application, and are uploaded by the deadline, will be processed and considered on time.

How and when will I receive notification?

  • Notifications are sent to recipients and applicants not selected to receive an award via email by the end of June. For recipients.
    • Add info@esume.org and noreply@jotform.com to your email address book or “safe senders list” toensure these important emails are not sent to your junk mail folder.
  • Do not ‘opt out’ of any email sent from info@esume.org and noreply@jotform.com or You may not receive vital information regarding your scholarship applications. Note: Your email address will only be used to communicate with you about your scholarship applications or other opportunities administered by ESUME for which you may be eligible to apply. We will not provide your email address to any third parties.

What are my responsibilities if I am chosen as a recipient?

You must enroll as a full-time undergraduate student in the fall of the year in which the scholarships are awarded, continue the entire academic year without interruption unless approved by scholarship sponsor, deliver your scholarship check(s) to the proper office at your institution, and notify ESUME should your check not arrive within 30 days of the issue date.

How and when are checks issued?

Checks will be issued in early August to each recipient’s mailing address and made payable to the institution on the profile page.

What is the 500 word Essay Topic?

As an aspiring college graduate, what positive impact do you see yourself making in the field of expertise you have chosen.

Are scholarships taxable?

Tax laws vary by country. In the United States, scholarship funds used exclusively for the payment of tuition or textbooks are normally not taxable. The scholarship recipient is responsible for taxes, if any, that may be assessed against his or her scholarship award. We recommend consulting your tax advisor for more guidance. You may also click here to consult IRS Publication 970 for further information.

Program Administration

To ensure complete impartiality in selection of recipients and to maintain a high level of professionalism, the program is administered by the Entrepreneur’s Scholarship Program.

Questions

For additional information regarding the scholarship program please call (972) 298-1212 ext 106. Our offices are open Monday through Friday from 9:00 AM to 4:00 PM Central. You can also email us at info@esume.org and we will respond to you within 24 hours.

 

 

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