September 8, 2000


Hispanic Scholarship Fund Offers Aid

SAN FRANCISCO - The Hispanic Scholarship Fund, which has provided financial aid to outstanding Hispanic American students pursuing college degrees for almost a quarter of a century, is accepting applications from college students for its College Retention program.

Applications for scholarships ranging from $1,000 to $3,000 will be available on the HSF website at www.hsf.net from August 3 through October 13, 2000.

Forms also are available at College Financial Aid Offices or by mailing a stamped, self-addressed, business envelope (nine by four inches) to: General Scholarship Program, Hispanic Scholarship Fund, One Sansome St., Suite 1000, San Francisco, CA 94104.

NOTE: The deadline to apply is October 15.

HSF provides scholarships based on merit, with consideration of financial need, to Hispanic Americans of all races and ethnicities. Qualified applicants are of background that is at least half Hispanic (one parent fully Hispanic or both parents half Hispanic), are a United States citizen or permanent resident, and have already earned at least 15 undergraduate credits at a two-year or four year accredited college or university in the U.S. or Puerto Rico.

Applicants must be enrolled on a full-time basis at accredited schools for the upcoming academic year from this fall through spring, 2001. Undergraduates must take minimum course loads of 24 credits per academic year; graduate students must have at least 12 credits per the academic year.

All students must have a minimum GPA of 2.7 on a 4.0 scale (3.7 on a 5 point scale).

Last year's HSF Scholars, who ranged from teenagers to retirees, received more than $9.3 million in grants. A record number of 4,224 students from all 50 states and Puerto Rico were honored as HSF Scholars, more than doubling the number of just two years ago and reflecting increased interest and support for HSF. Both the number of winners and the cumulative amount disbursed were organizational records.

HSF's stated mission is to strengthen America by advancing the college education of Hispanic Americans. Four years ago, HSF's Board of Directors established the goal to double the current rate of Hispanics earning a college degree to 18 percent by 2006.

"As Hispanics continue to grow in number, influence and civic responsibility, the need to support and increase the number of Hispanics earning college degrees becomes a critical necessity to America's future," said Sara Martinez Tucker, HSF President and CEO. "By increasing the number and level of college degrees among Hispanic Americans, we are not only providing tremendous benefit to our communities today, but we are also making a positive impact on America's leaders of tomorrow."

The first year HSF awarded scholarships to 115 students for a total of $30,000. Since then, HSF has distributed nearly $48 million. A recent independent study found that an astounding 97 percent of all HSF scholars attain their college degrees.

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