Scholarships and awards for Business study are offered by universities and colleges, and these awards may be of four types: institutional, private, state and federal.
Institutional: Many universities and colleges offer scholarships on the basis of academic, athletic or other special achievement. Merit scholarships, which range between around $5,000 to over $20,000 per year, are generally for outstanding academic achievement, and candidates may be selected by individual schools and departments within a university or college. In some cases, all first-year applicants are automatically considered for certain scholarships, while others require an application. Check with the school and with the Business Department. Some merit awards are offered only to students demonstrating financial need, while others are awarded without regard to a family's finances. If you are thinking of taking an associate's degree, diploma or certificate in Business, know that institutional scholarships are available at the community college level, too, although they tend to be smaller (generally between $250-$5000).
Private: Private scholarships (also known as outside awards) are provided by donors outside the university or college, and may range from a few hundred dollars to several thousand. These can come from small local service organizations, large corporations, professional organizations or even government departments. These awards may favor applicants from certain regions, of a certain cultural background or gender, or going into particular fields of Business. Find out from the various organizations in your community if they have scholarships and what their criteria are, and once you know what you want to major in, look up any professional associations (for instance Future Business Leaders of America) to see what's offered.
State and Federal: For information on specific state and federal scholarships and awards, check out the student assistance office of your state as well as the US Dept of Education website. Some of these awards may be limited to applicants to particular programs.
Don't assume that only the big schools can offer you financial awards: all of these types of awards are generally available at the community college level as well, albeit on a smaller scale.
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