Scholarship Management

• What is involved in establishing a scholarship program?


• We have employees in other countries, can they be included in the scholarship program?


• Our company is small. Can we give an award to every applicant?

• What is involved in establishing a tuition assistance program?


• What services are provided for tuition assistance programs?


• What online application solutions does Scholarship Management Services offer for TR programs?

• What is an education loan program?


• What services are provided by Scholarship Management Services?


• What are my responsibilities for an education loan program?

Who is Scholarship Management Services?

Scholarship Management Services is a division of Scholarship America, headquartered in Saint Peter, Minnesota. We design and manage scholarship and other education assistance programs for corporations, foundations and individuals.

Why outsource management of a program?

Outsourcing a program saves you money and time so you can focus your resources on your core business. Often, employers find themselves saying they can’t afford to offer an education assistance program to their employees. However, once employers realize the benefits they receive in return, they find themselves saying they can’t afford not to offer one.

• Recruitment - Offering an education assistance program is an excellent way to promote your company in today’s competitive job market.
   
• Retention – A program can develop a sense of loyalty to your company, significantly reducing recruitment and training costs.
   
• Productivity - Allowing employees to expand their knowledge will increase your company’s productivity with more satisfied, productive workers. Employees can use the knowledge they’ve gained to find new and more efficient ways of doing their work.
   
• Social Responsibility – When offering education assistance programs, companies receive a number of benefits while making a positive impact in their communities by investing in America’s future.
   
• Cost Savings - The cost savings in recruitment and retention are significant; however, there are also tax benefits to offering education assistance programs. Your company will also see the savings in significantly reduced internal administrative costs.

Who can sponsor a program?

Many different types of program sponsors provide scholarships including companies, membership organizations, private foundations, community foundations and individuals. We work with all types of sponsors.
 

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What is involved in establishing a scholarship program?

Most of your decisions for a program will center on the eligibility guidelines and budget. A Regional Marketing Director will discuss options with you and offer recommendations for a successful program.
 

We have employees in other countries, can they be included in the scholarship program?

Yes. Many of the programs administered by Scholarship Management Services include children of international employees. We have experience working with applications from nearly 80 countries.
 

Our company is small. Can we give an award to every applicant?

When awards are given to every applicant, they are viewed as taxable compensation to the employee. Some companies provide education assistance to all applicants on a non-competitive basis. One of our representatives will assist you in establishing an education assistance program.


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What is involved in establishing a tuition assistance program?

Most of your decisions will center around eligibility guidelines, such as who is eligible and how much yearly assistance you wish to offer. A representative in your area will assist you in establishing a tuition assistance program to meet your objectives.

What services are provided for tuition assistance programs?

Our services include helping you design a cost effective, efficient program to meet your goals. We assign a dedicated program manager to work with both you and your employees to answer questions at all stages of the process. Click here for full details on all of our tuition assistance services.

What online application solutions does Scholarship Management Services offer for tuition assistance programs?

We provide an online application as well as web features. Employees, supervisors and HR professionals are able to review course and payment history as well as the current status applications in a secure environment using a web browser.
 

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What is an education loan program?

This type of program may be set up as a competitive or non-competitive loan program for post secondary education. Students receive a loan that they are expected to repay or can be forgiven over a period of time.

What services are provided by Scholarship Management Services for education loan programs?

As with all of our other programs, services for education loan programs include helping you design a cost effective, efficient program to meet your goals. Loan programs can be set up as repayment, forgiveness or a combination of both and can be competitive or noncompetitive. For full details on all of our education loan services click here.