10 The Hampton Roads Messenger Scholarship Watch
Ronald McDonald House Charities U.S. Scholarship
This scholarship is for high school seniors who are eligible to attend a two- or four-year college, university, or vocational/technical school with a full course of study. To qualify for this scholarship, applicants must reside within the geographic boundaries of a participating RMHC Chapter, have a minimum 2.7 GPA, be less than 21 years of age, and be legal US residents. The selection committee will consider financial need, community involvement, essay content, and academic achievements and records.
HOW TO APPLY: Students may apply online at www.rmhc.org/rm-
hc-us-scholarships. Graduating high school seniors may only apply for one of the four scholarships. Applicants will be notified of scholarship award status by June 30, 2014. The deadline for the 2014 academic year is January 21, 2014, and all mailed back-up documents must be postmarked by the same date.
The four types of scholarships available include:
• RMHC®/Scholars: All
students are eligible to apply regardless of race, color, creed, religion, sexual orientation, gender, disability or national origin.
• • RMHC®/Asia: Applicant
must have at least one parent of Asian-Pacific heritage.
can Future Achievers: Applicant must have at least one parent of African American or Black Caribbean heritage.
• R M H C ® / H A C E R ® :
Applicant must have at least one parent of Hispanic/Latino heritage.
For information on part-time and full-time career opportunities, call: 757-575-1863
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WASHINGTON – The U.S Small
Business Administration (SBA) has announced new measures to help get small business loans into the hands of veterans by setting the borrower upfront fee to zero for all veteran loans authorized under the SBA Express program up to $350,000. This initiative will start on January 1 and continue through the end of the fiscal year.
“Our nation’s veterans are
highly-skilled and highly-trained leaders in their communities,” said Acting SBA Administrator Jeanne Hulit. “This initiative will set fees to zero for SBA Express loans to veterans up to
$350,000, and is part of SBA’s
broader efforts to make sure that veterans have the tools they need to start and grow a business. As we honor our veterans and thank them for their service and sacrifice, let’s continue to identify ways to support them when they come home.”
Of all SBA loans that go to
veterans, 73 percent are $350,000 and below. The SBA Express Loan Program, which supports loans under $350,000, is SBA’s most popular loan delivery method, with nearly 60 percent of all 7(a) loans over the past decade being authorized through the program.
Since the program’s inception, it
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has also been one of the most popular delivery methods for getting capital into the hands of veteran borrowers.
Building on SBA’s recent
announcement that for the current fiscal year, fees on loans for $150,000 and under are set to zero, this policy
announcement means that veteran borrowers will no longer have to pay an upfront fee for any loan up to $350,000 under the SBA Express program.
This new initiative will go into
effect January 1 and extend for the duration of the fiscal year. This will make the loans cheaper for the borrower, another way SBA is looking to serve small business owners as they look for ways to access capital.
The announcement comes
during SBA’s National Veterans Small Business Week, an initiative on the part of the U.S. Small Business Administration to reach out to veteran entrepreneurs and business owners. During Veterans Small Business Week, SBA staff all across the country have been working with partner organizations on educational efforts, mentoring, and trainings to make sure veterans have the tools they need to start or grow their business.
SBA provides veterans access
to business counseling and training, capital and business development opportunities through government contracts. In FY 2013, SBA supported $1.86 billion in loans for 3,094 veteran-owned small businesses. And since 2009, the dollar amount of SBA lending support to veteran-owned firms has nearly doubled.
For more information about
these and other SBA programs, visit the SBA website at www.sba.gov
, or contact your local SBA field office. You can find contact information for your local SBA office at www.sba.gov/
Volume 8 Number 4 Career Opportunities
SBA Announces New Measures to Help Get Small Business to Veterans
Formore information about our graduation rates, themedian debt of studentswho completed the program, and other important information, please visit ourwebsite atwww.bryantstratton.edu/disclosures
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