Establishing a Scholarship with the Lincoln Land Community College Foundation
Who does the donor pay for the scholarship?
- The donor makes payment to the LLCC Foundation and the gift is kept in a separate account.
- Another option is to establish an endowment so that the net income from the endowment fund pays for the annual scholarship perpetually.
- Endowments can be established with a minimum gift of $10,000. The endowment will be invested, and the net income of the fund shall be used to pay the annual scholarship.
- Scholarship payments can be made with a check or major credit card. A donation of stock to the LLCC Foundation is another way to pay for the scholarship. Gift planning in your will is a way to give to future LLCC students.
How much will the scholarship be worth?
- Standard tuition and fees at LLCC are currently $144 per credit hour. A full-time student takes a minimum of 12 credit hours each semester. Some courses have a variable tuition rate in addition to the standard tuition rate.
- The estimated cost for standard tuition and fees for an academic year is $3,456. This is a portion of the cost of attendance at LLCC. This cost does not include books. Students may also incur other related educational expenses (transportation, supplies and miscellaneous living expenses).
Is the scholarship a one-year or two-year scholarship?
- A one-year scholarship is awarded each academic year from the annual applicant pool.
- A two-year scholarhsip allows the recipient to continue the scholarhsip for a second year as long as the student meets all of the eligibility requirements. The recipient does not need to reapply.
What costs will the scholarship cover?
- The scholarship can pay for tuition and fees only; tuition, fees and books; or tuition, fees, books and other related educational expenses.
How will the scholarship be disbursed?
- The recipient will receive one half of the annual award each semester - fall and spring.
- The recipient must maintain the minimum grade point average and complete the enrolled hours required each semester as stated in the established criteria to maintain the scholarship.
- Recipients who have a two-year scholarship may request to use the scholarship for the summer and fall semester the second year.
Does the money go directly to the student?
The scholarship is first applied directly to the student's tuition and fee expense and paid to LLCC.
Should you designate other expenses eligible, the student may use the scholarship at the LLCC Bookstore to purchase books. Any remaining money will be issued to the student after they are attending classes.
Who will select the recipient?
The LLCC Foundation Scholarship Selection Committee selects recipients.
Is there a preference to the type of student who would get the scholarship?
In order for our selection committee to select from a variety of students, it is better if the criteria are broad.
What minimum grade point average should be placed on this scholarship?
- LLCC calculates its grade point average on a 4.0 scale with an A=4.0 and a B=3.0, etc.
- Scholarships for average students would have a minimum GPA of 2.0.
Is there a specific program of study for the scholarship?
- A scholarship can be for a specific program such as Nursing, Business Administration, Mathematics, etc.
- Scholarships that specify a certain program may limit the number of students who are eligible.
- To offer the best opportunity for all students, we recommend scholarships that are open to students pursuing any major.
Should the recipient be a full-time or part-time student?
- The scholarship can be awarded to a full-time or less than full-time student. Most classes are 3 credit hours, while some are 2 or 4 credit hours.
- Full-time students enroll in a minimum of 12 credit hours a semester, which is equivalent to 3 to 4 classes.
To complete a degree program in four semesters, some students enroll in 15 or more credit hours each semester.
- Three quarter-time students take 9 to 11 hours; half-time students take 6 to 8 hours and part-time students take 3-5 hours.
Will the scholarship be for a first-time college student or a continuing LLCC student?
- First-time college student is a student attending college for the first time after earning a high school diploma or equivalent.
- A continuing college student is a student who earned a high school diploma or equivalent and has attended LLCC or another post-secondary institution.
- You may consider making your scholarship available to either a first-time college student or a continuing student and allowing our selection committee to make the decision.
How will the donor be notified of the recipient?
- The donor will be sent a letter after their scholarhsip is awarded.
- Each year, the LLCC Foundation hosts a Scholarship Reception to give our donors and student recipients an opportunity to meet one another.
What type of publicity will my scholarship recieve?
- A press release to all area newspapers can be made announcing the establishment of the scholarship. In addition, a news item can be published in the LLCC Foundation publication Circle of Friends.
- If appropriate and when permitted, a scholarship certificate is awarded to the recipient at a high school award ceremony.
- Press releases are made each year announcing the recipient.
- The scholarship will be listed in the Scholarship Reception program and on the Foundation scholarship web page.
For more information, contact Michelle Burger - Scholarship Program Coordinator 217-786-4502