Scholarship Renewal Requirements
Hello! Cross posting with NSPA.
We are trying to streamline our scholarship payments. Right now, we're all over the map, and it's quite an administrative burden. I know others have been discussing this, too.
As part of streamlining the process, we want to create one standard renewal requirement instead of letting the donor choose different conditions and GPAs we must assess. If you have multi-year/renewable scholarships, what are your requirements for their next scholarship payment?
We think a GPA on the lower side would be better because our goal is to award the most scholarships we can. We've seen many students struggling with their GPAs, particularly since the pandemic. I'm curious if there's an industry standard or benchmark we can recommend to donors.
Thanks in advance!