Funding Scholarships

Funding Scholarships

Each year, over 225 named scholarships are awarded to Mars Hill students. Without such assistance, many of our students would be unable to pursue a Mars Hill education. Scholarships can be named in honor or memory of a beloved family member or friend (perhaps a special MHU professor) and are created with unique selection criteria. Named scholarships can be funded in two ways:

Annually Funded Scholarships

  • Funded on an annual basis.
  • Requires minimum of $2,500.
  • Award is based on the specific amount donated.
  • Award is typically made in the year following gift, though donor can request award be made when given, provided the gift is made early in the academic year.

Endowed Scholarships

  • Are perpetual
  • Corpus (principal) is preserved
  • Requires minimum $20,000 investment, which can be funded over a five-year period
  • Awards will be made as a percentage of investment income, based on the corpus amount, as set by the Board of Trustees (This amount is currently 5%)

For further information on establishing scholarships contact the Institutional Advancement Office at (828) 689-1102.

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