Although Northark’s tuition cost is among the lowest in Arkansas, and two-thirds of all of our students qualify for some level of federal financial aid, many of our students do not qualify for any type of financial assistance other than private scholarships. Most of these middle and lower-middle income students attend school and work at least part-time. Many have families, and some are single parents.
As a general rule, the suggested minimum gift to the North Arkansas College Foundation to endow and name a scholarship is $25,000. However, the actual amount required depends on several variables, including the value of the scholarship, and the number and frequency of the awards. For example, a scholarship fund that supplies a two-semester award each year that is renewable for the student’s second year could require $100,000 to be fully endowed. Endowed Scholarships may be named in honor of the donor or in memory of a loved one. Donors are recognized each year at a special scholarship luncheon.
The North Arkansas College Foundation offers Endowed Scholarship Authorization worksheets that lists options available to donors interested in changing students’ lives through establishment of an endowed scholarship. The scholarship worksheet is available on the web at www.northark.edu/donate.