Eligibility: Students must be starting their freshman year of college, must attend school in Hawaii and must have a minimum 2.7 GPA.
How to apply: To apply, register online, complete the online application and select the scholarships to which you wish to apply. In addition, mail the supporting materials: printed confirmation page from the online application, personal statement, copy of Student Aid Report (SAR) available at www.fafsa.ed.gov and official transcript.
Eligibility: Applicants must be of Asian or Pacific Islander ethnicity as defined by the U.S. Census, and they must be legal citizens, nationals or permanent residents of the United States. Citizens of the Marshall Islands, Micronesia and Palau are also eligible. Applicants must be enrolling full-time as a first-year degree-seeking student in an accredited college or university in the U.S. They must have a GPA of 2.7 or higher or have earned a GED, and they must apply for federal financial aid.
Eligibility: Applicants must be high school seniors or undergraduate students from Washington, Oregon, California, Hawaii or Alaska with demonstrated financial need. They must have a GPA of 3.0 or higher. Preference is given to students with Japanese or other Asian ancestry.
Eligibility: Applicants for the college scholarship should be high school seniors of at least half Filipino heritage with a GPA of at least a 3.0 who will enroll at four-year colleges or universities and plan to major in engineering, computer science or physical sciences (health professionals such as doctors and nurses not included). Each scholarship is renewable up to three years based on satisfactory academic performance in a full-time undergraduate program. Awards are for undergraduate study only and are based on potential, motivation and financial need. Applicants must be residents of one of the following counties: Alameda, Contra Costa, Marin, Merced, Monterey, Napa, Sacramento, San Francisco, San Joaquin, San Mateo, Santa Clara, Santa Cruz, Solano, Sonoma or Stanislaus. Applicants for the college prep scholarship must be high school juniors of at least half Filipino heritage with a GPA of 3.0 who plan to attend four-year colleges or universities and are interested in SAT preparation and college admissions counseling. Students should have an interest in engineering, math or science and be residents of one of the following counties: Alameda, Contra Costa, Marin, Napa, San Francisco, San Joaquin, San Mateo, Santa Clara, Solano or Sonoma.
Eligibility: Applicants must be minority high school seniors with a minimum 3.0 GPA. Applicants must complete an application which including a 300-word autobiography which highlights volunteer activities, leadership experience, extracurricular activities, work experience, honors and special awards. Three letters of recommendation and an official transcript must also be submitted.
Eligibility: Applicants must be California residents, be American Indian, African American, Mexican American, Latino, Asian American, Pacific Islander or Filipino and be accepted into or enrolled in an American Library Association accredited state library school. The award is based on financial need, and an interview is required.
Eligibility: Students must be majoring in a health-related field. Preference may be given to students who are attending school in Hawaii. Applicants must have a minimum 3.0 GPA and have financial need.
Eligibility: Students must demonstrate maturity, good character and high academic achievement. Applicants must be African American, Asian American, Hispanic, Native American or Pacific Islander college students. While there is no fee to apply for this scholarship, there is a $95 fee to apply for the AIFS study abroad program.
Eligibility: Applicants must be members of an ethnic, cultural or racial minority. They must be landscape architecture students who are in the final two years of their undergraduate degree program or who are graduate students of landscape architecture. Selection is based on the overall strength of the application.
How to apply: Applications are available online. An application form, personal essay, three work samples, two recommendation letters and an applicant photo are required.
Eligibility: Applicants must be female or minority students, U.S. citizens and current full-time college students or graduating high school seniors enrolled or accepted in a full-time program at a four-year college or university in the U.S. A minimum 2.75 GPA is required. Selection is based on the overall strength of the application.
Eligibility: Applicants must be minority students accepted to an NAACLS-accredited Clinical Laboratory Science/Medical Technology program or a Clinical Laboratory Technician/Medical Laboratory Technician program. They must also demonstrate financial need.
Eligibility: Applicants must be a member of a minority group as defined by U.S. government rules, degree candidates in an accredited library or law school and intend to pursue a career as law librarians. Law library experience is preferred. Applicants must also have financial need and have at least one quarter or semester left after the scholarship is given.
How to apply: Applications are available online, by mail with a self-addressed, stamped envelope, by fax, by phone or by email.
Eligibility: Applicants must either be a graduating high school senior or be currently enrolled as an undergraduate or graduate student. Students must be enrolled as computer science or computer engineering majors, exhibit strong leadership skills and demonstrate a passion for computer science and technology. Applicants must be from an underrepresented group in computer science such as African American, Hispanic, American Indian or Filipino/Native Hawaiian/Pacific Islander.
Eligibility: Applicants must be minority high school seniors with demonstrated financial need, leadership potential and academic achievement and who have already been accepted to a four-year college or university. Students must also be U.S. citizens and have a minimum SAT score of 1000 or composite ACT score of 22.
Eligibility: Applicants must be enrolled in an accredited respiratory care education program and have a minimum 3.0 GPA. Students must submit an original paper on respiratory care. Preference is given to minority students.
Eligibility: Applicants must be members of a traditionally underrepresented group attending or planning to attend an accredited library media teacher credential program and plan to work in California for three years after completing the program. Applicants must provide a 250-word statement about their qualifications, career goals, financial situation and commitment to supporting multicultural students and two letters of reference.
Eligibility: Applicants must be African American, American Indian/Alaska Native, Asian/Pacific Islander or Hispanic students pursuing a teaching-related career in public education. Candidates must also be active members of the California Teachers Association or Student California Teachers Association or the dependents of an active, retired-life or deceased California Teachers Association member.
Eligibility: Applicants must be enrolled in and have completed one full year in a Ph.D. program in Sociology. Students must be members of an underrepresented minority group in the U.S.: African American, Latino, Asian/Pacific Islander or American Indians/Alaska Natives. Applicants must also be U.S. citizens, non-citizen nationals of the U.S. or have been lawfully admitted to the U.S. for permanent residence. The fellowship is awarded for 12 months and typically renewable for up to three years in total. Tuition and fees are arranged with the home department. MFP Fellows are selected each year by the MFP Advisory Panel, a rotating, appointed group of senior scholars in sociology. Fellows can be involved in any area of sociological research, though particular MFP award lines devoted to drug abuse research may be possible contingent on funding.
Eligibility: Applicants must be African American, Hispanic, Asian American or Native American students working toward a graduate degree related to strength and conditioning. Students must be NSCA members for one year before applying and be pursuing careers in strength and conditioning. Applications are evaluated based on grades, courses, experience, honors, recommendations and involvement in the community and with NSCA.
Eligibility: Applicants must be CIEE Study Center participants. They must be students who are self-identified as being from a group that is underrepresented in study abroad programs. Selection is based on the overall strength of the application.
How to apply: Applications are available online. An application form, financial aid information and an essay are required.
Eligibility: Applicants must be entering their first year of college and be U.S. citizens or permanent residents. They must have a GPA of 3.0 or higher and demonstrate academic achievement, leadership ability and community service.
How to apply: Applications are available online. An application form, resume, essay, transcript, copy of acceptance letter, summary of college costs and Student Aid Report are required.
Eligibility: Applicants must be Asian Pacific Americans who intend to begin college in the fall of the year of application and must demonstrate significant financial need. Applicants must also be the first in their family to attend college and have a minimum 3.0 GPA.
Eligibility: Applicants must be Hawaii residents who are of Filipino descent. They must be full-time students.
Eligibility: Applicants must be high school seniors at least 16 years of age who are of Asian or Pacific heritage. They must be U.S. citizens or permanent residents and plan to enroll full-time at an accredited college or university in the United States in the fall following graduation. A minimum GPA of 3.3 is required, and applicants should demonstrate academic excellence, leadership, community service involvement and financial need.
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Revenue Participation Notes (“RPNs”) are debt instruments that entitle the holder (i.e.; lender) to receive a share of top line revenue from a company rather than a fixed periodic payment based on a percentage of the monies loaned to a company.
The percentage of revenue that is received by note holders is set by the entrepreneur as a fixed term of the note, but the size of payments each period (month or quarter), will be variable as it is tied to revenue for the period. (The payment stream can be very variable if the entrepreneur’s business is seasonal.)
Revenue Participation Notes generally have a maturity date of seven years from issuance; however, they also have a payout cap that is set by the entrepreneur at 1.5 to 2.0 times the initial investment. The payment obligation of the note is fulfilled at the earlier date of when the payout cap is reached or the maturity date. The length of the investment will vary based on the performance of the company.
As an example, say a company issued $300,000 of Revenue Participation Notes with a 5% revenue share and a payout cap of 1.5 times the investment or $450,000. Given the following revenue projections, the RPN payment stream would be as follows:
If revenue growth was stronger, the RPNs would be paid off sooner. If revenue growth was weaker, the RPNs may not be paid off until the maturity date.
Liquidity is achieved much earlier than with equity as payments begin flowing back to investors when revenue starts flowing to the Company.
An investor can have a direct effect on the return to the investment by working to increase Company revenue. It significantly reduces investor-management conflict that can arise when returns are tied to a Company’s bottom line.
Due diligence is simpler than with an equity investment as there is no concern about the Company’s valuation or exit strategy.
Investor payments are tied to Company revenue rather than an amortization schedule reducing cash flow concerns. The incentives for the investors and the Company are aligned with revenue growth. Investors have a direct incentive to promote the Company and increase its sales.
Company stock is preserved for later funding rounds. – A capitalization table’s investors do not change with issuance of RPNs.
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