NBCCF Scholarship Administration Application

The NBCC Foundation is excited to administer Counseling scholarships on behalf of organizations to provide educational, professional development, and workforce expansion opportunities. The Foundation will work with your organization to develop a plan to successfully implement scholarships based on your needs.

Developing an Educational Scholarship Program 

Scholarships provide deserving students with the opportunity to achieve their educational goals, meet their career objectives, and reach their full potential. Additionally, scholarships allow professionals to pursue opportunities for continuing education and skill development. A scholarship for higher education is a form of financial aid that does not require repayment and is awarded to a student attending a postsecondary institution. 

Scholarships come in various forms and have specific eligibility criteria. These criteria may include academic performance, financial need, student demographics, geographic location, community involvement, overcoming adversity, athletic ability, and chosen career path, among others.

 Scholarship funds are financial awards that help students pay for eligible educational expenses, including tuition, student loans, textbooks, and more.

The IRS has strict guidelines that specify how to ensure scholarships are awarded based on merit (not as a lottery) and clearly define the permitted expenses for which scholarship funds may be used.

Starting a scholarship requires careful planning. It’s essential to establish clear eligibility criteria, outline the application process, and develop a fair method for selecting winners. Additionally, disbursing funds through a 501(c)(3) nonprofit organization allows for tax-deductible donations to the scholarship fund and helps prevent any income tax burden for scholarship recipients.