The University of Southern Maine will be awarding nearly $1.3 million in new scholarships for first-time students who enroll for the fall of 2013.
USM is funding the scholarships through internal reallocations of existing university funds.
“Anything we can do to help make college more affordable is a great use of university resources,” said USM President Theo Kalikow. “In addition to helping individual students and their families, these scholarships also help attract greater numbers of students to USM, which benefits everyone.”
The scholarships, which range from $1,500 to $12,000 per year for Maine students and out-of-state students, will be awarded for up to four years as long as recipients meet academic standards.
To be named a scholarship recipient, first-time students must be ranked in the top 10 to 30 percent of his or her high school class, meet score minimums on the SAT or ACT tests, and demonstrate financial need. Certain scholarships also are reserved for minorities or first-generation college students.
In December of 2011, USM announced a similar addition of more than $1 million in scholarship funds for students who enrolled for the 2012-2013 academic year.
Those scholarship dollars, which represented a more than 15 percent increase in the $7 million of university-funded financial aid then available, allowed USM to award aid to 356 first-time students. USM plans to attract a similar number of newly admitted scholarship recipients for the 2013-2014 academic year.
All eligible students who apply for admission by April 1, 2013 will be automatically considered for the scholarship awards.
For more information, contact the USM Office of Undergraduate Admission or call 207-780-5670 or 1-800-800-4USM ext. 5670.