Scholarships help students pay for tuition costs.
A major concern of many parents, funding a child's college education requires advance planning, creativity and financial know-how. Four-year public colleges cost on average $7,000 per year, while a four-year private school can run more than $26,000 per year on average, according to The College Board in 2010. Those numbers include only tuition and fees; students must also pay for room and board, books and extracurricular activities. One way to defer the costs of college is scholarships, which can come from a variety of sources, public and private. Tylenol is just one of many companies offering scholarships for college students.
Function
The scholarships from the Tylenol Scholarship Fund go to students who intend to pursue degrees and careers in the medical field. Tylenol wants to help potential medical students with the burden of pursuing medical degrees, which can be expensive due to the many years of schooling required to acquire them.
Types
The Tylenol Scholarship Fund awards two scholarships of differing amounts. As the Tylenol website states, Tylenol gives scholarships in the amounts of $5,000 and $10,000, and in 2010, gave $250,000 in total scholarship money. Each year, the number of scholarships given varies; in 2010, 40 students received Tylenol scholarships.
Features
Students who receive Tylenol Scholarship Fund scholarships can use the money to pay for tuition, as well as room and board, books and other fees. They can use the scholarship at private or public universities, but they must use it to pursue degrees in the medical field or health care. Scholarships are awarded based on academic performance, extracurricular involvement and leadership abilities.
Qualifications
To qualify, students must have completed at least one year of undergraduate or graduate schooling at accredited colleges or universities. Applicants must provide proof of enrollment and have at least one more year of schooling left. When applying, each student must submit an essay and letters of recommendation and may be required to undergo an interview process.
Time Frame
Tylenol generally starts accepting applications in February with the deadline to apply set for mid-May. Interested students can check the Tylenol website and Tylenol Scholarship Fund Facebook page to find out when the company will accept applications and where to submit them.
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