Olgoonik Foundation Scholarships
Olgoonik Foundation aims to support our Iñupiat shareholders and descendants as they pursue higher education and to foster the next generation of leaders through our post-secondary scholarships. If you are an Olgoonik Corporation shareholder or descendant enrolling or currently enrolled in an approved educational program you can qualify for up to $24,000 in scholarships!
Deadlines to apply:
Aug. 1, Dec. 1, March 1, & May 1.
How to apply
Download the OF scholarship application here.
Who can apply
•You must be an Olgoonik Corporation shareholder (Class A or Class B) or descendant of a shareholder (subject to verification)
•You must be at least 17 years of age at time of application and a U.S. citizen
•You must be enrolled in a college or university and working toward a certificate, associate’s degree, bachelor’s degree, master’s degree, or doctorate
•You must show passing grades – a 2.0 GPA or equivalent – in an academic program for the last term attended
•You must maintain eligibility and renew scholarship awards each term
•You cannot receive simultaneous funding under the OF Training Program
When to apply
Submit your scholarship application before 5 p.m. on the following dates: Aug. 1, Dec. 1, March 1, and May 1.
Frequently Asked Questions
How do I submit an application?
Scholarship applications must be submitted in one of the following ways:
Email (preferred): [email protected]
Fax: (907) 763-2926 (Wainwright) or (907) 562-8728 (Anchorage)
Please list Attn: Shareholder Services on all faxed applications
Mail:
Olgoonik Corporation
Attention: Shareholder Services
3201 C St., Ste. 700
Anchorage, AK 99503
Applications may also be dropped off in-person to the Wainwright or Anchorage offices.
When will I be notified whether I received a scholarship?
Notification of scholarship award or denial will be within one month of receipt of the completed application.
How much funding can I receive?
Undergraduates can receive $225 per credit each semester or $188 per credit each quarter. Graduates and doctorates can receive $445 per credit. Funding limits are $9,000 per calendar year — $24,000 per lifetime. The lifetime cap of $24,000 applies to either the training award program, the scholarship award program, or a combination of the two.
How does the funding get utilized?
Funding is sent directly to the student’s school. Books, supplies, and equipment charged to the student’s account can be paid for by the scholarship. The scholarship cannot reimburse out of pocket expenses paid by the student.
What are some of the things the scholarship CAN fund?
•Room and board at the college
•Tuition and fees
•Books, supplies, and equipment required by the school
What are some of the things the scholarship CANNOT fund?
•Private housing such as apartments or hotels
•Travel expenses to attend school
What do I need if I’m applying for the first time?
•OF scholarship application
•Family tree or adoptive family tree
•Degree credit/class requirements or DegreeWorks audit
•Class schedule showing term, credits
•Latest official transcripts
•Three (3) letters of recommendation
•Short essay of future plans
•Budget forecast/need sheet
•Agreement for scholarship
If this isn’t the first time I’ve applied, what do I need to prepare?
•OF scholarship application
•Declare your intent to continue school and verify the information provided in your initial paperwork has not changed.
•Unofficial transcripts reflecting your last term’s final grades
•A copy of your upcoming course schedule with number of credits for the term clearly listed
•An updated budget forecast for the current term. Students may use the Olgoonik-provided form or a budget forecast from his or her school, signed by the school’s financial aid officer. Budget forecasts should reflect the student’s actual costs for the term.
•Agreement for scholarship (signed after the scholarship has been
approved by Olgoonik and before a check is sent to student’s school)
Can I lose my scholarship?
Recipients must maintain a 2.0 GPA or equivalent in order to continue receiving scholarship funding. A scholarship recipient must not be on academic probation; however, Olgoonik Foundation may make a one-time only exception for extenuating circumstances. If a student is unable to remain in good academic standing, the student may be placed on probation or have the scholarship revoked. If the student is placed on probation, has the scholarship revoked, or does not complete the attempted credits for which funding was granted in that term, the student may be required to pay back the scholarship. Failure to comply with policies will result in a loss of funding.