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Top Scholarships for Hispanic Students

May 31, 2016
Loans, Student Loans
8 Scholarships for Hispanic Students
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To simplify the scholarship hunt, we’ve compiled a list of top scholarships for Hispanic and Latino students. Note that it’s worthwhile to check if Hispanic scholarships are inclusive of non-Hispanic Latinos, such as Brazilians.

>>MORE: How to Get a Scholarship

Actuarial Diversity Scholarship Program

The Actuarial Foundation awards three annual scholarships to minority students who will attend an accredited educational institution on a full-time basis. Awards range from $1,000 to $4,000, depending on your year in high school.

How to qualify: These scholarships are open to students who have at least one parent of Hispanic, African-American, Pacific Island or Native North American descent. To apply, students must have a GPA of at least 3.0 and intend to pursue an undergraduate degree that will lead to an actuarial profession.

When to apply: Application period begins November 1. Deadlines vary by scholarship. Learn more.


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Hispanic Scholarships Fund/ALPFA Scholarship

The Hispanic Scholarship Fund offers a number of scholarships every year. The ALPFA scholarship is for students of Hispanic heritage pursuing business and finance-related degrees in fields such as business administration, accounting, economics, information technology, finance, management or marketing. Awards range from $2,000 to $10,000.

How to qualify: Applicants must be entering their sophomore, junior or senior year full time at a four-year college or university or be pursuing a master’s degree. Students must also be members of the Association of Latino Professionals for America and have a cumulative GPA of 3.0 or higher. Awards range from $2,000 to $10,000.

When to apply: Feb. 1 to May 15. Learn more.

Hispanic Leadership Council Scholarships Awards

Location: Texas

The Hispanic Leadership Council awards annual scholarships for up to $1,000 per academic year.

How to qualify: The scholarship is only available to students who live in the Region 14 Service Center area in Texas and are enrolled in four-year colleges, qualifying trade or business schools or junior colleges. Finalists will undergo an interview process before selections are made.

When to apply: April 1. Learn more.

HCCW/Philip Arreola Scholarship

Location: Wisconsin

This scholarship, which is administered by the Hispanic Chamber of Commerce of Wisconsin, is for a graduating high school senior student who will be enrolled in an accredited college or university in the state. The award is $2,500 per year for up to four years.

How to qualify: The applicant must be a U.S. citizen or a legal resident; demonstrate a history of academic achievement and involvement in school and/or community activities; and show financial need. To apply, students must include a personal essay, two letters of recommendation, a high school transcript and official SAT or ACT documentation.

When to apply: Applications are due by May 13. Learn more.

La Plaza Scholarship

Location: Indiana

This scholarship is for graduating high school seniors or currently enrolled college undergraduates who are Indiana residents and planning to attend or are enrolled in an accredited Indiana college or university.

How to qualify: Students must have a minimum 2.7 GPA and demonstrate determination or self-motivation as well as financial need. Preference is given to students of Hispanic descent, but it’s also open to non-Hispanic Latinos.

When to apply: November to mid-February. Learn more.

Chicana/Latina Foundation Scholarship Program

Location: California

This scholarship is for full-time female college or community college undergraduate students or graduate students of Chicana or Latina descent. Recipients of this scholarship receive a $1,500 award, and must commit to attend the CLF Leadership Institute for two designated weekends and volunteer 10 hours for the foundation.

How to qualify: Applicants must have lived for two years in one of the following Northern California counties and be students at a college or university located in one of them: Alameda, Contra Costa, Marin, Monterey, Napa, Sacramento, San Francisco, San Mateo, Santa Clara, Solano, Sonoma or Yolo.

When to apply: Submit by April. Learn more.

More ways to pay

Scholarships, which don’t need to be paid back, are an ideal way to pay for college. But it’s unlikely that you’ll be able to fund the entire cost of tuition through scholarships alone. To be eligible for federal grants, work-study programs and student loans, and additional scholarships, complete the Free Application for Federal Student Aid, also known as the FAFSA.

Once you’ve maxed out all initial payment options, including federal loans, consider private loans to cover additional costs. Private loans tend to carry higher interest rates than federal loans. They also have fewer protections and forgiveness options. Shop around and compare private student loans before choosing a lender.

If you have to borrow for college, learn how much you can afford with NerdWallet’s student loan affordability calculator.