Charles Schifman Memorial Scholarship
University of Michigan
Key Statistics
Grant Amount
Varies by year
Location
Deadline
Varies by year
About this Scholarship
The Charles Schifman Memorial Scholarship is a need-based financial award established to honor the legacy of Charles Schifman, a distinguished alumnus of the University of Michigan. This scholarship aims to provide financial assistance to undergraduate students who demonstrate significant financial need and a commitment to academic excellence. The fund is administered by the University of Michigan's Office of Financial Aid and is intended to support students across various disciplines, with a focus on those pursuing studies in business, engineering, social sciences, and humanities. The scholarship reflects the values of Charles Schifman, emphasizing perseverance, leadership, and community engagement. It is awarded annually based on the applicant’s financial need as determined by the university’s standard financial aid assessment process. Recipients are selected through a comprehensive review that considers both financial circumstances and academic performance. The scholarship amount varies each year depending on available funding and the number of qualified applicants. This award is part of the university’s broader commitment to making higher education accessible to students from diverse socioeconomic backgrounds. Students interested in applying for the Charles Schifman Memorial Scholarship should consult the University of Michigan’s financial aid office for the most current application procedures and deadlines, as these details may change annually.
Eligibility & Overview
Financial Grant
Varies by year
Scholarship Type
Need based
What's Covered
Description
The Charles Schifman Memorial Scholarship is a financial aid program designed to assist undergraduate students at the University of Michigan who demonstrate substantial financial need. Established in memory of Charles Schifman, an alumnus known for his dedication to education and community service, the scholarship supports students who embody similar values. The selection process prioritizes applicants who have completed the Free Application for Federal Student Aid (FAFSA) and the University of Michigan’s own financial aid forms, ensuring a thorough evaluation of financial need. While the scholarship is primarily need-based, academic achievement and leadership qualities are also considered during the selection process. The award amount is not fixed and depends on the availability of funds and the number of recipients in a given year. Typically, the scholarship can be applied toward tuition, fees, books, and other educational expenses, thereby reducing the overall financial burden on students. The scholarship is renewable annually, provided the recipient maintains satisfactory academic progress and continues to demonstrate financial need. Students from all academic disciplines are eligible, but there is a particular emphasis on those studying business, engineering, social sciences, and humanities, reflecting Charles Schifman’s own academic interests. Applicants are encouraged to submit all required documentation by the specified deadlines and to consult the university’s financial aid office for guidance throughout the application process. The Charles Schifman Memorial Scholarship is one of several need-based awards offered by the University of Michigan to promote educational access and equity.
Key Benefits
Provides financial assistance to cover tuition and educational expenses, reducing student debt burden.
Supports students from diverse socioeconomic backgrounds, promoting inclusivity and access to higher education.
Financing Information
Funding and Financial Management of the Charles Schifman Memorial Scholarship
The Charles Schifman Memorial Scholarship is funded through an endowment established by the Schifman family and managed by the University of Michigan’s Office of Financial Aid. The endowment generates income annually, which is allocated to scholarship awards. The amount available for distribution varies depending on investment returns and the university’s policies on endowment spending. The scholarship funds are disbursed directly to the university to be applied against the recipient’s tuition and fees. In some cases, funds may also be provided for other educational expenses such as books, supplies, and room and board, depending on the recipient’s financial aid package. The scholarship is considered part of the student’s overall financial aid package and may be combined with other grants, loans, and work-study opportunities. Recipients must maintain satisfactory academic progress and continue to demonstrate financial need to remain eligible for renewal. The university periodically reviews the scholarship’s funding and award criteria to ensure alignment with institutional goals and financial aid regulations. Applicants are advised to contact the Office of Financial Aid for detailed information about the scholarship’s current funding status and application procedures.
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* Disclaimer: The information provided here about the Charles Schifman Memorial Scholarship is subject to change. Prospective applicants should verify all details, including eligibility criteria, deadlines, and award amounts, directly with the University of Michigan’s Office of Financial Aid or the official scholarship webpage before applying.