The Randolph Community College Foundation has awarded over $146,898 in scholarships to 112 students for the 2010-2011 academic year. An additional $1,182 is available to award during the spring semester. These awards include various scholarships funded by individuals, businesses, and organizations, plus Foundation Ambassador scholarships, and High School Achievement scholarships. They are for Curriculum (credit) students pursuing a degree, diploma, or certificate program. The Foundation also provided $47,000 to RCC's financial aid office for unrestricted scholarships to help Curriculum students who have financial need but do not qualify for traditional financial aid.
Most of the Foundation's scholarship funds come from endowments that enable the Foundation to award scholarships each year. The principal in these scholarship funds is invested and a portion of the earnings is used to award scholarships. Currently, an investment of $10,000 will fully endow a scholarship to assist RCC students in perpetuity.
The Foundation also accepts designated scholarships in which contributions to the fund are paid out to students. Designated scholarships may be established in any amount.
To read more on this story, along with a list of scholarship recipients, go to http://www.randolph.edu/newevents/2010/2010-12-08a.php.
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