Like many other types of degrees, degrees in healthcare administration can be expensive. There are several options available to needy students that can ease the financial burden of getting an education, including scholarships. With a scholarship, the student gets financial help and they can also be excellent additions to a resume (scholarships from the right sources can be very impressive to prospective employers). A student looking for scholarships should apply for as many as possible. The more they apply for, the more likely it is that they will get financial help. While more is better, scholarship applications can be time consuming; the number of applications a student can send out is finite. Students who want to pursue healthcare administration degrees should focus their efforts on certain ones. The most important scholarships are:
1. The Corris Boyd Scholars Program
This scholarship program is sponsored by the Hospital Corporation of America. The Corris Boyd Scholars Program was set up to honor Corris Boyd, a healthcare leader whose life mission was to promote diversity within the healthcare industry. The program offers two scholarships (worth $40,000) to students of color who are entering into a healthcare management graduate program. Students applying to the program must have at least a 3.0 GPA and be a citizen or permanent resident of the United States.
2. The University of Phoenix Focus to the Finish Scholarship
This scholarship is offered by the University of Phoenix as a means of helping adults to realize their dreams of getting a degree. These full scholarships are offered to students who have started a course of study and who have failed to complete it. There are 16 scholarships offered to motivated students who may choose to complete the program at a local University of Phoenix campus or via the Internet. Students must have a minimum of nine credits towards their degree and are required to meet all the admissions requirements of the University of Phoenix.
3. The Foster G. McGraw Graduate Student Scholarship
Established by the Foundation of the American College of Healthcare Executives (ACHE), this scholarship provides up to $5,000 to worthy students who are in their final year of a healthcare management graduate program. While applicants are not required to be students of ACHE, their school is still taken into account during the selection process and preference is given to ACHE students. Applicants will have to demonstrate financial need and be citizens of the United States.
4. The Transamerica Retirement Solutions Leaders in Healthcare Scholarship
This scholarship is offered to two deserving individuals and is worth $5,000. It is available to first and second year graduate students who are pursuing healthcare administration degrees or who are studying in other similar programs. Applicants are required to demonstrate financial need and a commitment to serving their community, as well as academic excellence.
5. The Albert W. Dent Graduate Student Scholarship (for minority students)
This is another scholarship established by ACHE. The Albert W. Dent Graduate Student Scholarship is meant to honor Albert W. Dent, ACHE’s first African American fellow. Two of these scholarships are offered annually, with each being worth $5,000. As with the Foster G. McGraw Graduate Student Scholarship, applicants are not required to be ACHE students but preference will be given to ACHE students during selection. applicants will have to show financial need and be citizens of the US or Canada.
6. Tylenol Scholarship
McNeil Consumer Healthcare (makers of Tylenol) offers $250,000 in scholarships each year to students pursuing degrees in the healthcare industry; this includes degrees in healthcare administration. These scholarships may be used at any accredited institution in the US. There are 10 scholarships worth $10,000, 30 more with a value of $5,000 and 150 worth $1,000 each. Applicants must reside in the US or one of its territories and they must have at least one more year of school remaining. Scholarships are awarded based on a student’s demonstrated leadership abilities, their involvement with their community and their academic abilities.
7. The New England HIMSS Dvora Brodie Scholarship
Dvora Brodie was a member of the Healthcare Information and Management Systems Society (HIMSS) who died of ovarian cancer in 2003; this scholarship is provided by the New England chapter of the HIMSS in her honor. $5,000 is provided annually to a student who has demonstrated leadership skills in the field of healthcare information and management systems. Applicants must be members of HIMSS and must be attending a learning institution in New England.
8. The Robert C. Chapman Endowed Scholarship
This annual scholarship was established as a result of a gift from University of Alabama Birmingham alumnus Robert C. Chapman. Along with being enrolled in the university’s Master of Science in Healthcare Administration program, applicants will be expected to demonstrate financial need and leadership abilities. The number and amount of the awards are dependent on the availability of funds.
9. F. Edward Hebert Armed Forces Health Professions Scholarship Program
The US Army offers this scholarship to help students enrolled in advanced health care degree programs. The US Army pays all of the tuition for students enrolled in graduate health care programs including healthcare administration programs; the scholarship program also covers books and most of the fees incurred in seeking a degree. The scholarship is available for any accredited program in the US or Puerto Rico. As the student attends school, they will be paid a monthly stipend of over $2,000 and will get an officer’s pay as they as they train with the US Army’s healthcare team during their breaks. Students must remain in school full-time for the duration of the program and be qualified as a commissioned officer in the Army Reserve.
10. The Bachrach Family Scholarship for Excellence in Healthcare Administration
This scholarship is offered to students in graduate programs in healthcare administration who are interested in careers as medical practice executives. Applicants are required to have a minimum GPA of 3.0 and preferably be from disadvantaged backgrounds; preference is also given to applicants who are the first individuals in their families to seek a graduate degree.