Jake and Lorna Jacobson Scholarship
University of Minnesota
Key Statistics
Grant Amount
Varies by year
Location
Deadline
Varies by year
About this Scholarship
The Jake and Lorna Jacobson Scholarship is a need-based financial award established to support undergraduate students enrolled at the University of Minnesota. This scholarship aims to assist students who demonstrate significant financial need, helping to alleviate the economic barriers that may impede access to higher education. Named in honor of Jake and Lorna Jacobson, the scholarship reflects their commitment to education and community support. The award is intended to provide partial funding towards tuition and related educational expenses, enabling recipients to focus more fully on their academic pursuits. The scholarship is open to students across all disciplines, reflecting an inclusive approach to supporting diverse academic interests. The University of Minnesota administers the scholarship, ensuring that funds are distributed in accordance with institutional policies and the intent of the donors. As a need-based award, eligibility is primarily determined through the Free Application for Federal Student Aid (FAFSA) or other financial documentation submitted to the university's financial aid office. The scholarship amount and number of recipients may vary each academic year depending on available funding and applicant pool. Recipients are typically required to maintain satisfactory academic progress and remain enrolled full-time to continue receiving support. This scholarship contributes to the broader mission of the University of Minnesota to promote access and affordability in higher education.
Eligibility & Overview
Financial Grant
Varies by year
Scholarship Type
Need based
What's Covered
Description
The Jake and Lorna Jacobson Scholarship is a financial aid award designed to assist undergraduate students at the University of Minnesota who demonstrate significant financial need. Established through a philanthropic gift, the scholarship honors the legacy of Jake and Lorna Jacobson, who valued education and community development. The scholarship is administered by the university’s Office of Student Financial Aid and Scholarships, which evaluates applicants based on financial need as determined by federal and institutional criteria. Students from all academic disciplines are eligible to apply, reflecting the donors' intention to support a broad range of educational pursuits. The exact amount awarded to each student varies annually, depending on the total funds available and the number of qualified applicants. Typically, the scholarship helps cover tuition and mandatory fees, reducing the financial burden on students and their families. To be considered, applicants must complete the Free Application for Federal Student Aid (FAFSA) and submit any additional documentation requested by the financial aid office. Recipients are required to maintain satisfactory academic progress and remain enrolled full-time to retain the scholarship for subsequent years. The scholarship is part of the university’s broader commitment to making higher education accessible and affordable for students from diverse economic backgrounds. While the scholarship does not cover all educational expenses, it provides meaningful assistance that can help reduce reliance on student loans or part-time employment. The Jake and Lorna Jacobson Scholarship complements other institutional and external funding opportunities available to students at the University of Minnesota. Students interested in applying should consult the university’s financial aid website or contact the financial aid office for the most current information on eligibility, application procedures, and deadlines.
Key Benefits
Provides financial assistance to undergraduate students demonstrating significant financial need
Supports students across all academic disciplines enrolled at the University of Minnesota
Helps reduce the cost of tuition and mandatory university fees
Enables recipients to focus more on their studies by alleviating financial stress
May be renewed annually subject to satisfactory academic progress and continued financial need
Financing Information
Funding and Financial Support Details for the Jake and Lorna Jacobson Scholarship
The Jake and Lorna Jacobson Scholarship is funded through an endowment or designated gift managed by the University of Minnesota. The amount available each year depends on the investment returns of the endowment and any additional contributions made by donors. The scholarship is awarded based on demonstrated financial need, which is assessed through the Free Application for Federal Student Aid (FAFSA) and other financial documentation submitted by the applicant. The university’s Office of Student Financial Aid and Scholarships reviews applications and determines award amounts in alignment with the scholarship’s purpose and available funds. Because the scholarship is need-based, the grant amount varies among recipients and from year to year. It is designed to supplement other forms of financial aid, such as federal grants, loans, and work-study programs. Recipients typically receive the scholarship as a credit toward their tuition and mandatory fees on their student account. To maintain eligibility, students must continue to demonstrate financial need and meet academic progress requirements. The scholarship does not cover living expenses, books, or other personal costs unless explicitly stated in the award notification. Students are encouraged to explore additional funding sources to cover these costs. The university provides resources and counseling to help students manage their finances and understand the full scope of their financial aid package. Overall, the Jake and Lorna Jacobson Scholarship represents one component of a comprehensive financial aid strategy aimed at increasing access to higher education for students with financial need.
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* Disclaimer: The information provided here about the Jake and Lorna Jacobson Scholarship is subject to change. Prospective applicants should verify all details, including eligibility criteria, application deadlines, and award amounts, directly with the University of Minnesota’s Office of Student Financial Aid and Scholarships or the official scholarship webpage.