The Children’s Scholarship Fund was created by John Walton and Ted Forstmann in 1998. The aim of the organization is to make it easier for students who come from low-income families to obtain an education. To date, more than 150,000 children have received nearly $700 in scholarship funding to achieve their educational goals.
This scholarship aims to level the playing field when it comes to education for underserved children. IN order to assist low-income families, CSF provides information and financial scholarships. However, each family is required to pay at least a quarter of the cost of tuition for their child to attend the school.
The CSF Scholarships are available throughout the year until funding runs out. As such, parents are encouraged to apply for these awards as early as possible to ensure the best chance of receiving funding. Some of the schools have specific deadlines, so be sure to look at the deadline for that school that you want your child to attend. In order to receive the scholarship, all families have to be able to show a high level of financial need, based on their tax returns.
The scholarships are available to children who are at least five years of age and who are entering Kindergarten through 8th grade. One of the unique aspects of this program in that the scholarship will be awarded to all family members who meet this criterion. Thus, if the family has more than one child of these ages and grade levels, multiple children can receive the award. CSF believes providing quality education at a young age. In that light, only children in grades K-8 can receive the funding and no high school scholarships are available.
In order to apply for a scholarship through the Children’s Scholarships Fund, there are four main steps that need to be completed. The first step is to locate a CSP partner program. This can be done by going to this website. In the second step, parents must find out if that particular school has new scholarships available. Additionally, they should read the information to see whether they meet the minimum requirements for that school. Thirdly, parents can read the application instructions for the particular school that they are interested in applying to or request additional information. Lastly, parents should submit a completed application, along their child’s report card and tax forms.
The exact amount of the scholarship varies by the family’s financial circumstances and the cost of tuition. In general, the CSF scholarships will provide tuition remission ranging from 25% to 75% of the cost of attendance. It should also be noted that there is an annual cap on the scholarship amount, which varies by city. In general, the average maximum award is capped at $1,700. As previously mentioned, the family must contribute at least 25% of the cost of tuition towards their child’s education in order to make sure that they remain invested in quality education. Students generally receive funding through 8th grade once they are admitted to the program.