What Does The Gates Scholarship Pay for?

What does Gates Scholarship pay for in their Scholarship scheme? A question that will interest most applicants and even their sponsors all over the globe. The Gate Scholarship through its foundation gives scholarships to deserving applicants all over the world to pursue their dreams. However, this post shall provide you with all you to know about funding in the Gates Scholarship program.

Brief History of the Gates Scholarship

The program was established in 1999 with funding from the Bill and Melinda Gates Foundation.

It is a 20-year, $1 billion initiative that aims to lower the financial obstacles to a college education for 20,000 students.

Almost 6,000 scholarships have been given out by the foundation thus far to students pursuing degrees in math, computer science, the natural sciences, education, and liberal arts sciences.

When the initiative was introduced, Microsoft CEO Bill Gates said, “The greatest and the brightest students shouldn’t be denied access to higher education simply because they can’t afford it”.

 “Melinda and I hope that this gift will not only benefit thousands of students but also America by enabling a diverse generation of leaders who might not otherwise have a chance,” he said.

The Gates Scholarship will give scholars additional support in addition to financial aid by interacting with them and their institutions.

They interact in a variety of ways to make sure they have access to the tools and services they require from the first to the last day of classes, through graduation and the transition to their desired careers.

What Does the Gates Scholarship Pay for?

The Gates Scholarship Foundation as one of the leading world fully funded scholarship programs covers a lot of payment in several things which will be outlined below:

1. Tuition Fee: The Gates Scholarship is responsible for a successful applicant’s tuition fees throughout the scholarship program.
2. Room:  The accommodation which is for the period of scholarship terms is covered by them too.
3. Board is also covered by the Gates Scholarship Foundation for all the Scholarship prospective winners 
4. Books: All winners of this scholarship scheme don’t need to think about the cost of all the books to be used throughout their study years, as it is covered by the Foundation.
5. Transportation: The Bill Gates Scholarship Foundation also covers your transportation.
6. Other Extra Fees: Miscellaneous fees are made provision for too in the Gates Scholarship scheme.

Hence, the Gates Scholarship can be called a fully funded scholarship, which doesn’t need anything from the Scholars.

The Gates Scholarship Eligibility Status

1. The applicant must be a high school senior.
2. The only permissible ethnicities for applicants are African-American, American Indian/Alaska Native*, Asian & Pacific Islander American, and/or Hispanic American.
3. The applicant must be an American national, citizen, or authorized resident.
4. You must be qualified to receive a Pell Award to be a candidate.
5. The candidate cannot receive any more financial aid or help from their families.
6. The candidate must have a GPA of 3.3 or better on a 4.0 scale, which is considered to be in outstanding academic standing.
7. The applicant must want to attend a four-year university in the United States.

The Bill Gates Scholarship program is one of the most unique and the most sorted for (scholarship) schemes globally. Its uniqueness is in the wide areas of payment covered for its beneficiaries.

 However, this post did provide you with things the Gates Scholarship is paying for or has covered, and why it is regarded as a fully funded scholarship scheme.