If you are just beginning your undergraduate studies at a Historically Black College and University (HBCU) and are struggling to cover the cost of tuition and living expenses, consider applying for the Morgan Stanley HBCU Scholarship 2023.
This full-tuition scholarship offers more than just financial support, including initiatives to help you prepare for a successful career after graduation. We’ve compiled everything you need to know about the program below, so let’s get started.
Morgan Stanley HBCU Scholarship: An Overview
Morgan Stanley is actively involved in several philanthropic and diversity and inclusion initiatives, including the Morgan Stanley Scholarships. It has supported educational opportunities for students from underrepresented backgrounds, including HBCUs.
One of the scholarship programs that Morgan Stanley has been known for is the Morgan Stanley HBCU Scholarship Program. Also known as the HBCU Scholars Program, this program is designed to provide financial support and professional development opportunities for students attending HBCUs.
The company recognizes the value of diversity and inclusion in the workplace. Supporting scholarship programs for students from underrepresented backgrounds, such as those attending HBCUs, is one way to promote diversity and ensure that a broader range of perspectives are represented in the workforce.
By providing financial support to HBCU students, Morgan Stanley aims to increase opportunities for individuals who might otherwise face financial barriers to higher education.
Meanwhile, Morgan Stanley is a prominent American multinational investment bank and financial services company.
Founded in 1935 and headquartered in New York City, Morgan Stanley operates in various segments of the financial services sector, including investment banking, wealth management, asset management, and many more.
Morgan Stanley is one of the “Big Four” investment banks in the United States, alongside Goldman Sachs, JPMorgan Chase, and Citigroup. It has a significant global presence with offices and operations in major financial centers around the world.
The Morgan Stanley HBCU Scholarship amount is not specific. Selected students receive financial aid that covers the cost of their education and living expenses, reducing or eliminating the need to take out student loans or work extensive part-time jobs to support themselves during college.
In particular, the scholarship will pay for not only the costs associated with attending college (tuition and fees) but also expenses related to housing, food, textbooks, and other necessities.
In addition to financial support through scholarships, Morgan Stanley commits to providing support for career readiness through its HBCU Career Preparedness Program. This likely includes various resources and opportunities to help scholarship recipients prepare for successful careers after graduation.
These resources may include mentoring, networking events, career workshops, and other initiatives designed to enhance students’ career development and readiness.
Eligibility & Requirements
Generally, applicants must be enrolled or plan to enroll as a full-time student at Howard University, Morehouse College, or Spelman College. Additionally, applicants must:
- Maintain a good academic standing.
- Submit information about their family’s financial situation as part of the application process.
- Demonstrate active involvement in extracurricular activities, leadership roles, or community service.
Depending on the institution, there may be additional Morgan Stanley HBCU Scholarship requirements, such as for students pursuing certain majors or careers related to the financial industry or other areas relevant to the sponsoring university. Be sure to contact the financial aid office of the school of your choice to be fully informed.
Morgan Stanley HBCU Scholarship Application
If you are interested in applying for the scholarship, you should visit the official website of the participating HBCUs that are part of the program, like Howard University, Morehouse College, and Spelman College, as mentioned earlier. These HBCUs have a partnership with Morgan Stanley for this particular scholarship program.
Each participating HBCU may have its own application process and requirements for the scholarship. This means that the steps you need to follow and the documents you need to submit may vary from one college to another.
To get detailed and up-to-date information about how to apply for the scholarship at your specific HBCU, you should visit the official website of your college or university:
Unlike many scholarship programs that require students to proactively submit applications by a specified deadline, there is no specific Morgan Stanley HBCU Scholarship deadline. In other words, you do not need to independently apply for this scholarship by a specific date.
The financial aid office of each participating HBCU takes the initiative to identify eligible students who meet the criteria for the scholarship. If they qualify, they will be contacted directly by the financial aid office or the scholarship program administrators.
However, note that the program primarily targets incoming freshmen, meaning students who are just starting their undergraduate studies at one of the participating HBCU.
You can find more information about the Morgan Stanley HBCU Scholarship Program on the Morgan Stanley website. You can do this by entering “Morgan Stanley” into your preferred internet search engine or by directly typing www.morganstanley.com into your web browser’s address bar.