Scholarships for Undergraduates in Economics
Economists study the financial choices that people make. They build models to analyze the incentives that matter in marketplaces. Majoring in economics can build your qualifications for a variety of careers. An economics degree prepares a student for a career in banking, business or finance; however, it is a versatile major, and the skills that it teaches are applicable in almost every field. Aspiring economists can apply for grants and scholarships to help fund their economics education.
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National Scholarships
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Scholarships are open to students across the United States who plan to major or are currently majoring in economics as undergraduates. Sometimes, these awards are restricted to students who are in a certain year of their undergraduate study or who meet additional qualifications. The National Society of the Daughters of the American Revolution awards the Enid Hall Griswold Memorial Scholarship each year to a junior or senior. The student, who receives $1,000, must be majoring in political science, history, government or economics. Economics majors in any undergraduate year with at least a 3.0 GPA may apply to the Verizon Foundation Scholarship, which has a $5,097 award, as of 2010.
Regional Scholarships
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Students can look for economics scholarships that are specific to the regions in which they live. These are often sponsored by organizations whose business is related to economics or finance. For example, the Missouri Bankers Foundation Scholarship awards seven scholarships each year to high school seniors who plan on pursuing a degree that is related to banking. Each scholarship is awarded to a senior from a different region of Missouri, and each carries an award of $500, as of 2010.
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Heritage Scholarships
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Some awards seek to increase diversity in economics by encouraging students from underrepresented groups to pursue degrees in the field. For example, students of Hispanic heritage may apply to the HSF/HSBC North America
Scholarship Program. Applicants must be either sophomores or community college students who plan to transfer to an institution where they will have junior status in the following year. They must have a minimum 3.0 GPA and be majors in one of several fields, including economics.
School-Specific Scholarships
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Colleges and universities often offer endowed economics scholarships for their students. These often-overlooked scholarships are usually available to those who are majoring in business or economics. Applicants may have to provide proof of high grades or write an essay to apply for these awards. Department heads or registrars can provide information about school-specific awards.
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