SCHOLARSHIP FAQS

 

Why are most scholarships for Montrose County residents?

Donors establishing a scholarship fund select criteria that are important to them. Supporting students in the local area remains a priority for many donors. If you reside in another area, you may want to check with your nearest community foundation.

How do I apply for multiple scholarships?

You may apply for as many scholarships as you like, as long as you meet each scholarship’s criteria.

If you are currently a student at a Montrose County High School, you will need to fill out the Common Scholarship Application. However, you only need to fill out this application once – if you have not already filled out the CSA then please fill it out and return it to the Montrose Community Foundation. If you have already filled out the CSA through the high school, they will share the application with us and you do not need to fill out the CSA again.

If you are not currently a Montrose County High School Student, then please fill out the application listed on the page of the scholarship for which you are applying. In most cases, it will be the Montrose Community Foundation scholarship application, however, some scholarships and tuition assistance programs require their own application.

With both the CSA or the Montrose Community Foundation scholarship application, you will still need to include the supplemental material in addition to the general application questions.

 

Are all MCF scholarships needs based?

The majority of Community Foundation scholarship donors have elected to make need one of the considerations during the selection process; however, there are a few that are not based primarily on need.

How is financial need determined?

Students/families seeking financial assistance should begin the process by completing the Free Application for Federal Student Aid (FAFSA) form. Through detailed information provided on the application, a Student Aid Report (SAR) is issued. The SAR, in turn, is submitted with college applications.

Are these scholarships taxable?

Awards are for direct expenses at the academic institution, such as tuition, fees and books. Money received for tuition, fees and books may not incur tax liability while amounts applied to room and board may be considered taxable income. Recipients should consult a tax professional for additional reporting responsibilities.

What is the application review process?

Every application is reviewed by members of the MCF’s volunteer Scholarship Selection Committee. The application is reviewed first for eligibility as the MCF must adhere to the specific eligibility criteria established by scholarship fund donors. After review, scholarship applications are evaluated on an objective and competitive basis, considering academic and nonacademic factors such as financial need, leadership, community service, and special circumstances.

 

May I receive scholarships from more than one fund with the MCF?

Yes. Occasionally a student may be selected to receive a scholarship from more than one MCF scholarship fund.

When will I find out if I was chosen to receive a scholarship from MCF?

The MCF will notify all applicants of scholarship decisions on or after April 29th of this year for the scholarships with the March 15th deadline. And the week of March 28th of the Maslow Tuition Assistance program. If you are awarded a scholarship, you will be given a form with instructions that we ask you to promptly return to the office along with a photo for our website

If I am awarded a scholarship, how much will the scholarship pay and how will it be paid?

The amount of the award for each scholarship is listed on the individual scholarship page. Checks are made payable to and mailed directly to the college once you have accepted the scholarship award.

Caitlin O’Meara, Scholarship Recipient from 2015