In Fiscal Year 2015-16, the USM Foundation awarded more than 2,200 scholarships worth $3.7 million to Southern Miss students.
The creation of scholarships to honor distinguished faculty, alumni and friends of The University of Southern Mississippi is of vital significance to the many students who receive the awards each year. Some of the best and brightest students cannot afford today’s tuition, but scholarships open up a world of possibilities to them, making the dream of a college education a reality.
Numerous scholarships have been established by individuals, groups and businesses through charitable contributions to the USM Foundation. When you fund a scholarship, you make a profound difference for individual students and for the lives they touch as Southern Miss graduates.
Establish a Scholarship
You can choose to establish an annual scholarship or create an endowment in your name or in honor of a loved one. Scholarships can also be directed to a particular major, field of study or geographic region.
Create an Annual Scholarship
An annual scholarship provides a yearly award to students who meet the criteria established by you and the USM Foundation. The scholarship may be established with a one-time gift of $2,500 or more, after which, awards are made until the funds are diminished or the donor may contribute the amount of the award every year.
Create an Endowed Scholarship
Scholarship endowments are crucial to the future of Southern Miss because they provide assistance to students for generations to come. A minimum donation of $25,000 is required to establish an endowment through the USM Foundation and can be made with a one-time gift or pledged over a five-year period. The principal is invested and a portion of the return is used each year to support the scholarship. The remainder is added back to the principal to promote growth and protect against inflation.
For more information on how you can establish a scholarship, contact the USM Foundation by calling 601.266.5210 or via email at firstname.lastname@example.org.
Apply for a Scholarship
The USM Foundation administers scholarships for eligible students. Using the scholarship application system, students who are currently enrolled or who have been accepted for admission at Southern Miss can easily search, review requirements, apply and accept awards for available scholarship opportunities. To learn more about the scholarship application system, click here.