Grant and Scholarship Resources for Minorities

Education Aid Just for Minority Students

Scholarships, Grants and Fellowships

Scholarships, grants and fellowships are a great way to pay for college or business school, because unlike loans, these sources of financial aid do not have to be paid back. Most people think of government aid first when considering sources of financial aid, but there are a lot of private organizations that offer financial assistance for business and management study. Some of these programs give special consideration to minority students who are interested in attending business school. If you're a student looking for aid, start with these top grant, scholarship and fellowship resources for minority students.

1
Consortium for Graduate Study in Management

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The Consortium for Graduate Study in Management offers merit-based MBA fellowships to African American, Hispanic American, and Native American candidates who are studying business or corporate management in the United States. The fellowships cover the full cost of tuition and are awarded to hundreds of top member schools each year. Member schools include Haas School of Business, Tepper School of Business, UCLA Anderson School of Management, Tuck School of Business, McCombs School of Business and many other top business schools.

2
National Black MBA Association

The National Black MBA Association is dedicated to increasing black access to graduate management education programs and careers. One of the ways that they accomplish this is by awarding undergraduate and graduate scholarships to National Black MBA Association members. Awards typically range from $1,000 to $10,000. Multiple awards are given out each year. The organization has awarded more than $5 million to date. To be eligible for an award, applicants must demonstrate academic excellence (3.0+ GPA) and leadership potential or experience.

3
United Negro College Fund

The United Negro College Fund is the largest and one of the oldest African American education assistance organizations. It has enabled thousands of low- and moderate-income students to attend college by awarding more than $4.5 billion in scholarships and fellowships. UNCF has many different scholarship and fellowship programs, each with its own eligibility criteria. Since many of these awards require students to apply for federal financial aid, filling out the FAFSA is a good first step for interested applicants.

4
Thurgood Marshall College Fund

The Thurgood Marshall College Fund supports Historically Black Colleges and Universities (HBCUs), medical schools and law schools as well as students who want an affordable quality education. TMCF provides merit-based scholarships (that are also needs-based) to outstanding students who are committed to education and learning. The organization has awarded more than $250 million to date. To be eligible, students must be seeking an undergraduate, graduate or law degree from an accredited school. 

5
Adelante! U.S. Education Leadership Fund

The ¡Adelante! U.S. Education Leadership Fund is a non-profit organization dedicated to helping Hispanic college students through scholarships, internships and leadership training. The organization has awarded more than $1.5 million in scholarships to Hispanic students in the United States. Eligible students can choose from multiple scholarship programs. One that may be of interest to business majors is the MillerCoors National Scholarship, which awards renewable scholarships to full-time business students who are majoring in accounting, computer information systems, communications, finance, international business, management, marketing, public relations, sales or supply chain management.

Other Grant, Scholarship and Fellowship Resources

There are many other international, national, regional and local organizations committed to helping minority students realize their dreams of higher education. You can seek out these organizations through Internet searches, scholarship sites, financial aid offices and educated guidance counselors. Be sure to apply for as many as you can, and remember to apply early so that you aren't struggling with your application at the last minute.