Fortune 500 Scholarships

Sponsored Education by the Fortune 500 Companies

Giant companies successfully operate through the loyalty of their customers. For this reason, it is appropriate that they give back to their patrons a part of what they have earned. Fortunately, a number of corporations take good service to heart by investing a fairly good amount of money in education. Scholarship programs founded by large companies are good sources of financial aid for underprivileged students who want to go to college.

Those included in the league of Fortune 500 Companies help in promoting education by providing several options for students who are seeking financial help in landing a college degree. However, it's not only the students who benefit from these scholarship grants. In a way, big-named corporations also get something out of these scholarship grants because they help build identities and direct people's preferences. Simply put, providing scholarship grants is just one of the many ways companies promote themselves to the people.

The Fortune 500 Companies

Those that are included in the list of companies that offer education financing are top-ranked ones who earn multimillions every year. These companies include the retailer giant, Wal-Mart; refreshments chief, Coca-Cola; telecommunications titan, AT&T; software leader, Apple Inc.; and car master, Mercedes-Benz.

Wal-Mart offers a wide range of scholarship opportunities. Every school year, it sponsors an impressive number of students from different communities. Their scholarship grants are geared toward providing resources for the young generation to meet their established goals. Examples of scholarship programs from Wal-Mart include the Sam Walton Community Scholarships and the Higher Reach Scholarships.

Coca-Cola, the leader in bottled refreshments, is known for its generous scholarship grants the same way it is known for its great-tasting beverages. This company provides a handful of scholarships to different and defined clusters. More often than not, the programs are meant to help out students who intend to finish four-year courses in the universities they were admitted to. However, before being admitted to the programs, a student will need to undergo a series of evaluation and selection processes first. His academic records are also a basis for eligibility to any scholarship grant.

The prime telecommunications company, AT&T, specifically chose women and some minority groups to be the recipient of its scholarship grants. The company offers financial aid to those students who aspire to acquire a master's degree. By giving scholarship grants to women and minority groups, AT&T is hoping to diversify the IT field.

A well-recognized maker of luxury cars, Mercedes-Benz is also a builder of dreams. With its Drive Your Future Scholarship program, qualified students are awarded with a big sum of money that they can use for college. The Drive Your Future Scholarship program amounts to a total of $10,000, which is disbursed in a period of four years.

Apple Inc. has also joined the list of companies who serve as academic sponsors. The company is granting scholarships to creative and intelligent individuals who have the makings of future professionals. Apple Inc.'s scholarship packages are perhaps one of the most lavish of all, with $2,000 cash for tuition and other school expenses, an iPod Nano, and an Apple laptop.

The Scholarship Requirements

The requirements vary depending on the scholarship program you're applying for. Generally, however, scholarship programs by Fortune 500 companies require that a student possess a GED or a high school diploma. In addition, an applicant must also have good academic credentials and must truly be incapable of financing his college education. More often than not, sponsors require a minimum GPA of 2.5. Likewise, an applicant must be active in an impressive mix of extracurricular activities and community services. In most scholarship programs, relatives of company employees are not allowed to join.

Applying for Scholarships

Even though there is a long list of companies willing to dole out financial aid to underprivileged students, not everyone can qualify for a scholarship. Before applying for one, you must know that you're in for a tough competition. With thousands of students applying for a single scholarship program, getting noticed is no easy task. With this, you must aim to stand out from the crowd.

One way to have a notable application is by joining community groups, participating in community services, and taking part in extracurricular activities. This is because aside from scholastic achievers, the selection committee of different scholarship programs are also looking for candidates who are active in the society. For this reason, it is important that you join as many clubs and activities as you can, as they would definitely help you get that scholarship grant you want.