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In 2004, Congress enacted the D.C. Opportunity Scholarship Program, which provided scholarships to 2000 low-income students. In 2008, students came from families with an average income of $22,736, approximately 107 percent of the federal poverty level for a family of four. [12]
In the U.S., a grant is given on the basis of economic need, determined by the amount to which the college's Cost of Attendance (COA) [6] [7] exceeds the Expected Family Contribution (EFC), [8] calculated by the U.S. Department of Education from information submitted on the Free Application for Federal Student Aid following formulas set by the United States Congress.
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The Scholarship America Dream Award, the organization's newest scholarship program, is a multi-year, performance-based scholarship fund targeted toward postsecondary completion. The scholarship program received its initial funding from proceeds from Katie Couric 's book, The Best Advice I Ever Got: Lessons from Extraordinary Lives .
Applicants must not have received any financial support from the Chinese government, such as the CSC scholarship, during their studies. Applicants must not have received this award previously. Applicants in Group A and B must be no more than 40 and 45 years old, respectively, at the time of application.
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A young man (in bowtie) receives a scholarship at a ceremony. A scholarship is a form of financial aid awarded to students for further education.Generally, scholarships are awarded based on a set of criteria such as academic merit, diversity and inclusion, athletic skill, and financial need, research experience or specific professional experience.