The average award amount is approximately $6,000 per student. Applicants who maintain satisfactory academic progress and enroll full-time may be eligible to renew the scholarship for up to two additional years.
The number of scholarships provided annually can vary depending on the number of qualified applicants. Each year, approximately five scholarships are awarded.
The Sachs Foundation was incorporated as a Colorado, non-profit corporation in 1931 and since that time has helped nearly 7,000 black Colorado residents obtain a college education. The Sachs Foundation endeavors to award grants equally to male and female applicants as reasonably determined in conjunction with the variances in cumulative high school grade point averages and financial need. They screen all applicants for their weighted high school cumulative grade point averages. The grade point average cut-off varies depending upon the number and mix of applications, the number of vacancies, and the funds available for grants. Selection is also strongly based on demonstrated financial need, as established in the submitted financial statement, which is part of the application form. If selected, the applicant will be required to come to Colorado Springs for a personal interview, usually in April.
Applications are available online from the Sachs Foundation website from Jan. 1 to March 15. Students may also obtain an application from a high school guidance counselor, or may request one in writi ... sign up for full scholarship deadline information.