How to Create a Scholarship

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Creating a scholarship can be done through a university or college, through a private organization, through a non-profit organization, or through a company. Learn about creating scholarships for students with helpful information from a financial aid officer of a university in this free video on education.

Part of the Video Series: Federal Financial Aid
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Video Transcript

Hi, my name is Brooke Kramer and I am the Financial Aid Officer with Argosy University in Salt Lake, City, and today we're going to talk about how to create a scholarship. And, pretty much, if you would like to create a scholarship, there is multiple ways you can do this. You can first approach a university to actually create the scholarship with you. You can do it on your own, which can be very time consuming. You can also try non-profit organizations, as well. Now, when you're thinking about creating a scholarship, there's a couple of things you need to determine. First is, how long do you want the scholarship to be running? Do you want it to be a one year scholarship, do you want to keep adding to it every year? Also, what types of criteria do you want to set forth. Do you want it to be GPA? Do you want to be based on what major a student is pursuing? As well as that, you will definitely want to consider whether the student needs to turn in an essay, or if you even want to be part of the process of determining who qualifies for the scholarship. If you have additional questions regarding Pell grant, you can visit our website at www.argosy.edu.

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