Scholarship Frequently Asked Questions
If you have a question that has not been addressed below, please feel free to contact us at firstname.lastname@example.org
Q: Who is eligible to apply for the scholarship?
All graduating high school seniors or current college students enrolled in an accredited two-year, four-year, technical college or university are eligible to apply. Students must be enrolled in full-time classes. Applicants must also be U.S. citizens and reside in Washington State, Oregon or California. Post-graduate, master’s or doctorate candidates are also not eligible for this scholarship. In addition, Freestone Capital employees, clients, partners and their family members are not eligible to apply.
Q: How much is the scholarship award?
The scholarships will provide five students each with a $5,000 fall quarter tuition reimbursement, totaling $25,000 in financial support for the 2021-2022 school year.
Over four years, the Freestone Future Leaders scholarship will provide 20 college students with a $5,000 reimbursement each, totaling a $100,000 commitment to investing in our future leaders.
Q: When can students apply for the scholarship?
The scholarship entry period opens on March 3, 2021. The deadline for applications is April 16, 2021.
Q: When will the scholarships be awarded?
The five scholarship recipients will be notified the second week of May 2021. Shortly after the winners have been confirmed, we will announce them publicly on our website and social media channels.
Q: Is the scholarship financial need based? How do applicants demonstrate financial need?
The scholarship considers financial need, but is not solely need-based. Applicants are asked to note if they qualified for federal aid to establish financial need on their submission form.
Q: Is there a minimum grade point average requirement?
No. We have not established a GPA requirement for this scholarship. We don’t want to discourage otherwise qualified, ambitious and committed applicants from applying, who might have been made ineligible by a GPA restriction.
Q: What should the letter of recommendation include? Who should write it?
The letter of recommendation should highlight the applicant’s educational achievements and involvement, extracurricular interests, or community contribution, whichever is the most beneficial to help them stand apart. The letter should be written by a teacher, school counselor, college professor, or a community influencer that knows the student well and can speak to their distinctions in one or more of these areas.
Q: Can a letter of recommendation be submitted confidentially for a candidate?
Yes. If a school counselor or anyone else prefers to submit a letter of recommendation confidentially for a candidate, the letter may be sent as an attachment to email@example.com. The student's name must clearly be stated in the message portion of the email. We will bundle it with their application once received.
Q: What does the scholarship pay for and how will it be awarded?
The scholarship pays for tuition only. It is a $5,000 tuition reimbursement that will be paid directly to the college or university of each of the five recipients upon receiving official documentation of a tuition payment.
Q: Can the scholarship be used at any college or university and for any major?
Yes. The scholarship award can be used for undergraduate tuition reimbursement at any accredited two-year, four-year, technical college or university. Any major can apply. The scholarship is not limited to finance or business-focused students.
Q: Where does the scholarship funding come from?
The scholarship is being funded directly by Freestone Capital Management.
Q: Can students apply for the scholarship the following year or more than once?
Students are not able to receive more than one Freestone scholarship. However, they can apply each year they are an undergraduate if they haven’t been previously awarded with a scholarship.
Q: Are you able to start an application and finish it later?
The application form does not have a way to save, continue or undue a scholarship submission. Applicants are highly encouraged to write their responses in a separate document and gather all supplemental attachments, so they can paste them into the form and complete the process at one time.
Q: Who evaluates the applications, essay content and awards the scholarships?
All applications and essay questions will be evaluated by an objective committee comprised of Freestone employees and outside business partners. Due to the impact surrounding COVID-19, applications for the 2021-2022 year will be reviewed by Freestone employees only. The committee will review responses using a predefined rating system, which emphasizes personal narratives, extracurricular interests, community involvement, entrepreneurship and financial need.
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