Scholarships and Grants A.K.A. FREE MONEY Capt Winiferd Q. Collins Award Available to 2/c Midshipmen Selections are based on: Academics Aptitude Leadership abilities Financial need $2,000 grant Due date: March 1 Armed Forces Insurance Scholarship Award 2/c College Program Midshipmen Selection is based on: Academics Leadership Aptitude Financial need $1,000 scholarship Due date: April 1 Thomas and Elliott M. Senn Memorial Fund Grant Midshipmen and OCs beyond freshman year Selection is based on: Academics Leadership Aptitude Financial need $1,000 grant Due date: when the need arises USS Little Rock Association Scholarship Direct descendent of a service member honorably discharged, those with prior service, members of USS Little Rock Association Selection is based on: Academics (GPA ≥ 3.0) Leadership Aptitude 500 word essay $1,000 check Due date: May 15 ADM Mike Boorda Scholarship OCs, MECEPs, former active duty MIDN Selection is based on: Academics Financial need $2,000 grant Due date: June 1 Armed Forces Communications and Electronics Association Scholarship Sophomores and juniors majoring in EE, electronics, CS, computer engineering, physics, or math Selection is based on: Academics Aptitude Financial need Amount: TBD Due date: July 1 USAA Scholarship 2/c MIDN Selection is based on: Academics (GPA ≥ 3.0) Aptitude Financial need 20, $500 scholarships Due date: September 1 Bank of America/Armed Forces Bank Scholarships Seniors Selection is based on: Academics Aptitude Financial need 15, $500 scholarships Due date: October 15 First Command Financial Planning Association Scholarship Juniors Selection is based on: Academics Aptitude Leadership Potential Financial need 5, $1,000 scholarships Due date: December 1 Daedalian Foundation Scholarship Seniors that desire to become naval aviators Selection is based on: ASTB score: 4/6 pilot and 4/5 NFO Academics Aptitude Leadership Potential Financial need 2, $1,000 scholarships Due date: December 1 Tennessee HOPE Scholarship TN resident for >1 year Selection is based on: Completion of a FAFSA (www.fafsa.ed.gov) Composite ACT score of 21/SAT score of 980/GPA≥3.0 GPA ≥ 2.75 at 24 and 48 credit hours GPA ≥ 3.0 for Juniors and Seniors $4,000 scholarships Due date: Sept. 1 for Fall or Feb. 1 for Spring and Summer Aspire Award: $1,500 supplement for gross family income of $36,000 or less Navy League Scholarships Fall Semester: 2, $750 scholarships Sophomore CPs and then MECEPs Spring Semester: 2, $750 scholarships Sophomore CPs and then MECEPs 2, $500 scholarships Freshmen CPs and then MECEPs Minimum GPA of 2.75 Loans USAA Starter Loan: Available to those within 18 months of commissioning or within one year after commissioning $30,000 at 1.99% APR Payments deferred for 90 days after commissioning Automatic payment plan USAA Certificates of Deposit Other Sources www.collegepaystn.com www.scholarships.com www.militaryscholar.org/index.shtml www.ed.gov/programs/fpg/index.html www.fafsa.ed.gov Financial Aid Office: Wilder Tower Room 103 Scholarship Office: Wilder Tower Room 107 Department Scholarships Financial Management What is financial management? Why is it important? You are living on a limited budget Subordinates are living on a limited budget Affects your personal life Can negatively affect your military career How do you manage your finances?
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