High-Achieving Seniors With Financial Need Could Win a $40K Scholarship

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Fun fact time: Entrepreneur Jack Kent Cooke owned the Los Angeles Lakers, the Washington Redskins and the the Los Angeles Kings, among other sports teams.   

He died in 1997, leaving much of his multimillion dollar estate to establish the Jack Kent Cooke Foundation.

The foundation has since awarded $190 million in scholarships and $100 million in grants to 2,500 students.

Currently, the annual Cooke College Scholarship Program is accepting applications from high-achieving students with financial need who are starting an undergraduate program in fall 2019.

The number of recipients varies every year, but last year 106 students received scholarships.

The maximum award per year is $40,000, and it can be renewed annually for up to four years.

The deadline to apply is Nov. 20, 2018.

Eligibility Requirements for the Jack Kent Cooke Scholarship

Applicants do not have to be U.S. citizens, but to be eligible to apply for the Jack Kent Cooke Scholarship, they must:

  • Live in the United States or a U.S. territory.
  • Attend a high school in the U.S.
  • Graduate high school in spring 2019.
  • Plan to attend an accredited four-year college in fall 2019.
  • Have a cumulative unweighted GPA of 3.5 or higher.
  • Either score 1200 or higher on the SAT OR 26 or above on the ACT.
  • Demonstrate financial need, with a household median income of less than $95,000.

Although the cap for median household income is $95,000, last year’s scholarship recipients averaged a median family income of $26,000.

Application Process for the Jack Kent Cooke Scholarship

This renewable scholarship has a few hoops to jump through, but they’re totally worth it, especially if you have unmet financial need.

First, you will need to create an account with The Common Application, better known as Common App, if you don’t already have one. Common App is an undergraduate admission application used to submit college applications across the U.S. and beyond.

You must complete Common App’s base application, including contact information, grades, activities, honors and an invitation to your school guidance counselor and two teachers for recommendations on your behalf.

Then you must follow the steps to complete the requirements for the Jack Kent Cooke Scholarship.

The application process includes:

  • Financial information, including your family’s adjusted gross income from 2015 to 2017 and the opportunity to explain any special circumstances surrounding finances.
  • Three 100-word essays.

A panel of experts chooses winners based on a combination of factors including academic achievement, financial need, perseverance, leadership and service to others.

Check out the full Cooke scholarship FAQ and scholarship program page for details.

The deadline to apply is 11:59 p.m. local time Nov. 20, 2018. All applicants will be notified of their award status in April 2019.

If selected, applicants are required to attend a Cooke Foundation Scholars weekend in July 2019.

The foundation will decide scholarship renewal based on an annual review of grades, finances, conduct and progress. This means that in a best-case scenario, winners can receive a total of $160,000 toward college.

That’s worth applying for.

If you don’t meet the eligibility requirements for this scholarship, check out our list of 100 scholarships that will help you pay for college.

Or you can like The Penny Hoarder Life on Facebook to discover other scholarship opportunities.

Stephanie Bolling is a staff writer at The Penny Hoarder. She doesn’t own any sports teams.