Grants

As part of scholarship programs, financial grants fulfill the funding for a specific purpose or area of study. Minority scholarship institutions often have a line-up of grants coming from individual or institutional sponsors. These grants or fellowships are targeted at specific minority groups or a particular field of study or industry.

Grants may cover general education expenses on a full-term basis (four years of college or two years of post-graduate studies), or partially by shouldering expenses for a particular component of a study. These components may be tuition only, cost-of-living (like campus dorm, textbooks) allowance or a work-study grant where the recipient matches the financial assistance with a number of work hours either for the funding institution or the host school. Oftentimes, grants are allocated a fixed amount, like $10,000, and the allocation may be determined by the grant facility or the recipient.

Some grants are offered for a specific discipline of study only, such as research and development, science and technology, and engineering and mathematics. Professional associations like arts (Dove Arts Scholarship Fund), sciences (Rural Social Sciences Scholarship Fund), journalism (Korean-American Scholarship Foundation), legal (Klein Legal Scholarship Fund), business (American-Indian Business Leaders Scholarship Fund) and sciences (Hispanic College Fund-NASA Scholarship Program) groups often have foundations which offer grants to promote their specific professional interests. The goal is to develop in-demand skills of the recipients in critical educational disciplines and contribute not only on the community level but the world at large.