Dr. Mary E. Guy Endowed Scholarship
University of Alabama
Key Statistics
Grant Amount
Varies by year
Location
Deadline
Varies by year
About this Scholarship
The Dr. Mary E. Guy Endowed Scholarship is a need-based financial award established to support undergraduate students enrolled at the University of Alabama. This scholarship honors the legacy of Dr. Mary E. Guy, a distinguished educator and advocate for higher education access. It aims to provide financial assistance to students demonstrating significant financial need, enabling them to pursue their academic goals without the burden of excessive financial constraints. The scholarship is awarded annually and is intended to supplement other forms of financial aid, helping recipients cover tuition, fees, and other educational expenses. While the exact amount of the scholarship varies each year depending on available funds and the number of recipients, it is designed to make a meaningful contribution towards the cost of attendance. The scholarship is open to students across all undergraduate disciplines, reflecting Dr. Guy’s commitment to broad educational access. Applicants are typically required to demonstrate financial need through the Free Application for Federal Student Aid (FAFSA) or other institutional financial aid assessments. The selection process also considers academic standing and the student’s commitment to their educational program. The scholarship is administered by the University of Alabama’s financial aid office, which provides guidance on application procedures and eligibility criteria. As an endowed scholarship, it is funded through a dedicated fund established by donors in honor of Dr. Guy, ensuring its ongoing availability to support students in need. Recipients of the Dr. Mary E. Guy Endowed Scholarship benefit from reduced financial pressure, allowing them to focus more fully on their studies and academic development. This support aligns with the university’s broader mission to promote educational equity and student success.
Eligibility & Overview
Financial Grant
Varies by year
Scholarship Type
Need based
What's Covered
Description
The Dr. Mary E. Guy Endowed Scholarship is a financial aid award designed to assist undergraduate students at the University of Alabama who demonstrate significant financial need. Established in honor of Dr. Mary E. Guy, whose career was marked by dedication to education and student support, this scholarship reflects her commitment to making higher education accessible to all qualified students regardless of their economic background. The scholarship is funded through an endowment, which means that the principal amount is invested and only the generated income is used to provide scholarships each year. This structure ensures the scholarship’s sustainability and long-term availability. The amount awarded to each student can vary annually, depending on the total funds available and the number of qualifying applicants. Typically, recipients are selected based on a combination of financial need, academic performance, and enrollment status as full-time undergraduate students. The scholarship is applicable to all undergraduate disciplines offered at the University of Alabama, thus supporting a diverse range of academic interests and career paths. The application process usually involves submitting a FAFSA form, along with any additional documentation requested by the university’s financial aid office. The scholarship is intended to reduce the financial burden on students, covering costs such as tuition, mandatory fees, and other education-related expenses. By alleviating some of the financial challenges, the Dr. Mary E. Guy Endowed Scholarship enables recipients to focus more effectively on their academic and personal development. The scholarship is part of the University of Alabama’s broader efforts to promote educational equity and support student success through financial assistance programs. Students interested in applying for this scholarship are encouraged to consult the university’s financial aid office for the most current information regarding eligibility, application deadlines, and award amounts. This ensures they receive accurate guidance tailored to their individual circumstances.
Key Benefits
Provides financial assistance to reduce the cost of tuition and fees for undergraduate students demonstrating financial need.
Supports students across all undergraduate disciplines, promoting educational access and equity.
Helps alleviate financial stress, allowing recipients to focus more fully on their academic pursuits.
Contributes to the sustainability of financial aid through an endowed fund structure.
Offers an additional resource alongside federal and state financial aid programs.
Financing Information
Funding and Financial Structure of the Dr. Mary E. Guy Endowed Scholarship
The Dr. Mary E. Guy Endowed Scholarship is financed through an endowment fund established by donors in honor of Dr. Mary E. Guy. An endowment is a financial asset, typically in the form of donations invested to generate income. The principal amount is preserved, while the investment income is used to provide scholarships annually. This financial structure ensures that the scholarship can be awarded in perpetuity, subject to market performance and fund management. The scholarship amount awarded to each recipient varies depending on the total income generated by the endowment in a given year and the number of students selected to receive the award. Because it is a need-based scholarship, the University of Alabama’s financial aid office assesses applicants’ financial need primarily through the Free Application for Federal Student Aid (FAFSA) or institutional financial assessments. The scholarship is intended to complement other financial aid sources such as federal grants, loans, and work-study programs. Recipients typically receive the scholarship as a credit applied directly to their tuition and mandatory fees. In some cases, funds may also be used to cover other educational expenses, depending on the university’s policies. The administration of the scholarship involves an annual review of applicants’ eligibility and financial status to ensure that funds are awarded to students with demonstrated need. The university provides guidance and support to applicants throughout the process, including information on how the scholarship interacts with other financial aid. Because the scholarship amount and number of awards can fluctuate based on available funds, students are encouraged to apply early and maintain communication with the financial aid office. This approach helps maximize the potential benefits of the scholarship and ensures transparency in the awarding process.
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* Disclaimer: Information provided here is subject to change. Prospective applicants should verify all details, including eligibility criteria, application deadlines, and award amounts, directly with the University of Alabama’s financial aid office or official scholarship administrators.