High school seniors and college students in Washington state have until 5 p.m. April 16 to apply for a new scholarship program that aims to help low- and middle-income families grappling with sharp tuition increases.
Students may apply online for the Opportunity Scholarship, which will expand college financial aid beyond the current state need grant.
That grant reaches families with 70 percent of the median family income, which is about $57,000 for a family of four.
The Opportunity Scholarship is open to students in families who earn up to 125 percent of the median family income, or about $102,200 for a family of four.
Created by the state Legislature in 2011, the scholarship program is a public-private partnership seeded with $5 million from the state of Washington. Boeing and Microsoft have committed a combined $50 million.
The program will award 3,000 scholarships of $1,000 per year to students working toward a bachelor’s degree in high-demand fields such as science, math, engineering, health care and technology.
Scholarships are renewable for up to five years.
What do you think? Will the Opportunity Scholarship help your family — much?