Scholarships for Students Pursuing a Business Degree

2015-16 Application Deadline - December 15th, 2014
Since 2006, the Scarlett Family Foundation has awarded over $3,200,000 in college scholarships to middle Tennessee students in pursuit of a business degree. These students are attending public and private colleges and universities throughout the United States. See where our recipients are attending college and the high schools they attended! 

Please read the entire webpage and FAQ document before you begin your application.

Renewing your scholarship - For past scholarship receipients; you do NOT need to re-apply for your scholarship. You will receive an email from ISTS, Inc., in mid-March 2015 with detailed instructions to complete the renewal for the 2015-16 school year. 

Scarlett Family Foundation Scholarships are open to high school seniors and college freshmen, sophomores, and juniors who will graduate or have graduated from high school in 1 of 40 Middle Tennessee counties. Also eligible are individuals who have obtained a GED in the previously named counties prior to June 1, 2015. View eligible counties.

Qualified applicants must meet the following criteria:
   1. Graduated high school (or GED) from one of the eligible counties.
   2. Demonstrate financial need via 1040 tax return.
   3. GPA of 2.5 or higher.
   4. Pursuing a business degree at a 4-yr, non-profit college or university.
   5. Planning to enroll full-time in the fall of 2015.

The well qualified applicant has demonstrated entrepreneurial interests or leadership as evidenced by any of the following: Starting your own business; participation in business-related organizations like DECA, FBLA, Youth About Business, and JA and other business related initiatives, endeavors, work experience you have offered as community service.

Qualified Business Majors
View partial list of qualifying majors.

Each year, the Scarlett Family Foundation will award scholarships in varying amounts based on financial need, that is directly tied to the cost of the college the student attends. The minimum scholarship award is $2,500 per academic year. The maximum award is $15,000 per academic year. Scholarships are renewable awards for up to 4 years or until the recipient completes their undergraduate degree, whichever comes first. The renewal of the scholarship will depend on an annual review of financial need, full-time status, cost of the college the student is enrolled, and positive academic performance based on their transcript.

The scholarship will be applied to tuition, fees, books, supplies, and equipment required for course load at accredited, non-profit four-year colleges in the United States. A student may transfer from one institution to another and retain the award, however, the award amount is subject to change.

Winner Selection
An independent selection committee will evaluate the applications and select the winners. The use of this committee is designed to ensure the impartiality and confidentiality of the selection process. All decisions are final. In evaluating the applicants, the committee will consider the applicants' financial need, academic records, community service, extracurricular activities, essay content, and involvement in entrepreneurial activities as described in the eligibility requirements. 2015-16 school year winners will be notified by mid March 2015.

Responsibilities of Recipients
Recipient responsibilities include enrolling as full-time undergraduates in the fall of the year in which the scholarships are awarded and continuing in school for the entire academic year without interruption, barring illness, emergency, or military service. Scholarship recipients are responsible for delivering their scholarship checks to the proper office at their institution.

Payment of Funds
Checks will be mailed to each recipient’s mailing address and will be made payable to the institution only. Checks will be issued in August for the fall semester and December for the spring semester.

Scholarship Renewals
Students eligible to renew their scholarship will be notified by email from ISTS, Inc. in early March. The renewal of the scholarship will depend on the details outlined in the above 'Awards' section.

Program Administration
To assure complete impartiality in selection of winners and to maintain a high level of professionalism, the program is administered by International Scholarship Tuition Services, Inc. (ISTS), a firm that specializes in managing sponsored scholarship programs.

To Apply for the Scholarship
Application period is September 15th (12:01am), 2015 to December 15th (11:59pm) for the 2016-17 school year.

Renewing your scholarship - For past scholarship receipients; you do NOT need to re-aply for your scholarship. You will receive an email from ISTS, Inc., in mid-March 2015 with instructions to complete the renewal for the 2015-16 school year. 

Link to SFF application at ISTS, Inc.    

For other questions regarding the scholarship please contact:
Scarlett Family Foundation Scholarship Program, c/o ISTS, Inc.
1321 Murfreesboro Rd. Ste 800   Nashville TN 37217
Phone:   (615) 777-3750  |  Fax (615) 320-3151

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