Gates Scholarships are available to low-income ethnic minority students to complete college education
Founded in 1994, the Bill and Melinda Gates Foundation has invested billions of dollars in scholarships for underserved and minority students. Gates Foundation is the largest organization in the world of its kind, with an endowment of about $50 bn, which is more than the GDP of many countries. In 2017, they unveiled a new grant, called the Gates Scholarship. The highly selective, last-dollar Gates Scholarship is awarded to outstanding, minority, high school seniors from low-income households. Teg scholars receive funding for the full cost of attendance that is not already covered by other financial aid, such as Pell Grants, and the expected family contribution (EFC), as determined by the FAFSA (Free Application for Federal Aid), or the methodology used by the scholar’s college or university . The scholarship aims to enable highly promising low-income students to attend college, and focus on their studies, rather than concerning themselves with how to finance their education. The id...