Frank and Carrie Kovnick Memorial Scholarship
University of Michigan
Key Statistics
Grant Amount
Varies by year
Location
Deadline
Varies by year
About this Scholarship
The Frank and Carrie Kovnick Memorial Scholarship is a need-based financial award established to honor the legacy of Frank and Carrie Kovnick. This scholarship aims to provide financial assistance to students demonstrating significant financial need who are enrolled at the University of Michigan. The scholarship supports both undergraduate and graduate students, reflecting the Kovnicks' commitment to education and community service. While the specific amount awarded varies annually based on available funds and the number of recipients, the scholarship plays an important role in helping students manage the costs associated with higher education. Recipients are selected based on documented financial need, and the scholarship serves as a resource to reduce the financial burden on students and their families. The University of Michigan administers the scholarship through its Office of Financial Aid, ensuring that funds are distributed fairly and in alignment with the donors’ intentions. Applicants typically must submit a Free Application for Federal Student Aid (FAFSA) or the university’s own financial aid forms to be considered. The scholarship is one of several need-based awards available at the University of Michigan, contributing to the institution’s broader commitment to access and affordability for a diverse student body.
Eligibility & Overview
Financial Grant
Varies by year
Scholarship Type
Need based
What's Covered
Description
The Frank and Carrie Kovnick Memorial Scholarship is a financial aid award dedicated to supporting students at the University of Michigan who demonstrate significant financial need. Established in memory of Frank and Carrie Kovnick, the scholarship reflects their lifelong values of education, community involvement, and support for future generations. The scholarship is administered by the University of Michigan’s Office of Financial Aid and is awarded annually to a select number of students, depending on the availability of funds. Eligibility for the scholarship requires applicants to be enrolled full-time at the University of Michigan, either as undergraduates or graduate students. Since the scholarship is need-based, applicants must provide comprehensive financial documentation, typically through the FAFSA or the university’s own financial aid application process. The award amount varies each year and is determined by the financial need of the recipient as well as the total funds available. The scholarship funds can be applied toward tuition, fees, room and board, books, and other necessary educational expenses, thereby alleviating some of the financial pressures associated with pursuing higher education. Although the scholarship does not specify a fixed deadline, applicants are encouraged to submit their financial aid applications early to maximize their chances of consideration. The Frank and Carrie Kovnick Memorial Scholarship is part of the University of Michigan’s broader financial aid portfolio, which aims to promote access and affordability for all students regardless of their economic background. Recipients of this scholarship often find that it significantly contributes to their ability to focus on academic and extracurricular pursuits without the added stress of financial constraints.
Key Benefits
Provides financial assistance to students with demonstrated need, helping to reduce the overall cost of attendance.
Supports both undergraduate and graduate students enrolled full-time at the University of Michigan.
Funds can be applied toward tuition, fees, housing, textbooks, and other educational expenses.
Contributes to the university’s commitment to making higher education accessible and affordable.
Financing Information
Funding and Financial Support Details
The Frank and Carrie Kovnick Memorial Scholarship is funded through an endowment established by the Kovnick family or their estate. The endowment generates income annually, which is then allocated to scholarship recipients based on need. The exact amount awarded to each student varies depending on the total funds available in the endowment and the number of eligible applicants. Since this is a need-based scholarship, the University of Michigan requires applicants to submit detailed financial information, typically through the Free Application for Federal Student Aid (FAFSA) or the university’s own financial aid application system. The scholarship funds are disbursed by the university’s financial aid office and are applied directly to the student’s university account to cover tuition, fees, and other approved educational costs. The scholarship is renewable in some cases, subject to continued demonstration of financial need and satisfactory academic progress. Students interested in applying should consult the University of Michigan’s Office of Financial Aid for specific application procedures, deadlines, and eligibility criteria each academic year. The scholarship is part of a larger financial aid framework designed to support students from diverse economic backgrounds and to promote equitable access to education.
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* Disclaimer: Information provided here is subject to change. Prospective applicants should verify all details, including eligibility, deadlines, and award amounts, directly with the University of Michigan’s Office of Financial Aid or the official scholarship webpage before applying.