The Buffet Foundation awards Warren Buffett college scholarships each year for kids who are doing well in school and want to study business.
He has created a few foundations which help to give out these scholarships. also he would like to encourage kids who could not go to college in some way.
These college scholarships are sometimes the only way a child can get the education they want.
You will often realize that Warren usually talks about these scholarships because he thinks they are necessary. He gives a lot of his wealth to charitable causes and wishes to give back to children more than any other person.
These kids cannot protect themselves, but they can use a scholarship to get to school and then change their lives.
The Warren Buffett scholarships send kids on full rides to the schools of their choosing and give them the guidance and support of The Buffet foundation. Warren has gotten to know a lot of kids over the years who got his college scholarships, and he offers support that nobody else could get.
It’s very simple for individuals to get the best education once they apply for the Warren Buffett scholarships 2023. These fully funded scholarships help children reach where they need to go in life.
Table of contents
- Why the Warren Buffett Scholarship
- What Does the Susan Buffett Scholarship Pay for?
- How Many are Sussan Buffet Scholarships awarded each year?
- What You Need To Know About Warren Buffett Scholarship
- How To Apply For The Warren Buffett College Scholarship 2023
- Susan Warren Buffet Scholarship Frequently Asked Questions
- Author’s Recommendation
Why the Warren Buffett Scholarship
The Buffet Foundation is a benevolent organization formed in 1964 by Omaha, Nebraska, financier and industrialist Warren Buffett as a vehicle to manage his generous giving.
It was later renamed the Susan Thompson Buffett Foundation in honor of his wife, Susan Buffett, who died in 2004.
The Susan T. Buffett Foundation has offered scholarships to college students in Nebraska for over 50 years.
Scholarships are awarded competitively to first-time, entering freshmen who are residents of Nebraska, graduates of a Nebraska high school with plans to attend a Nebraska public college, and have demonstrated financial need.
There are limited scholarships, so the Buffet Foundation cannot provide awards to all eligible candidates.
As of 2014, the Buffet Foundation ranked fourth (4th) amongst family foundations by grants paid. The foundation invests heavily in reproductive health and family planning grants across the Globe, including extensive investments in abortion and contraceptives.
According to Mother Jones, the Foundation is known for its focus on abortion access and its “secrecy. Often appearing underneath grant acknowledgments only as ‘an anonymous donor.
What Does the Susan Buffett Scholarship Pay for?
The scholarship funds can be applied to any part of your cost of attendance (COA) at eligible Nebraska public colleges.
This includes resident tuition, fees, books, room and board, personal expenses, and transportation.
How Many are Sussan Buffet Scholarships awarded each year?
The number of beneficiaries of this scholarship varies each passing year. The truth remains that the foundation cannot award scholarships to everyone who qualifies. This is because the number of scholarships is limited.
Usually, Up to $10,000 annually, renewable for three additional years. The scholarship amount varies based on the recipient’s postsecondary institution and is typically equal to the average tuition and fees for a full-time student (15 credits) at that institution.
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What You Need To Know About Warren Buffett Scholarship
Below is some specific information you need to apply and successfully win the Susan Warren Buffet scholarship. Be careful to follow all the steps given so you can meet the criteria.
Please note that scholarships are being awarded on a competitive basis to first-time, new applicants who are residents of Nebraska, graduates of a Nebraska high school who have plans to attend a Nebraska public college, and who have also demonstrated financial need.
The number of scholarships is limited, so the Buffet Foundation cannot provide awards to all eligible candidates. Kindly go through the details here.
Level/Field of Study:
This scholarship is open to freshmen college students to study in any school of their choice. The number of scholarships is limited, so the Foundation cannot provide awards to all eligible candidates.
The scholarship is to be taken in the United States. If you are an international student and you desire to study in the United States, Check out the best scholarships obtainable for study in the United States
The Susan Warren Buffet scholarship is open to United States Nationals willing to take their college within Nebraska. Read also if you wish to study outside your home country Simple and Detailed Answers about Applying and Winning a Scholarship.
Susan Warren Buffet Scholarship Worth
The Buffet Foundation awards over $10,000 to the scholarship beneficiaries, which is renewable for three additional years. The scholarship amount varies based on the recipient’s postsecondary institution and is typically equal to the average tuition and fees for a full-time student (15 credits) at that institution.
Warren Buffett College Scholarship Eligibility
To be eligible for a scholarship from the Susan T. Buffett Foundation, a student must:
- Be a resident of Nebraska
- Residency is determined by the college where you enroll
- For questions about your residency status, here is a list of contact numbers
- Graduate from a Nebraska high school or earn a Nebraska GED
- Achieve at least a 2.5 cumulative unweighted GPA in high school
- 2.5 on a 4-point scale
- 83 on a 100-point scale
- Be a first-time freshman when entering college
- Students obtaining dual enrollment credits in high school are still eligible to apply
- Plan to attend a Nebraska public college:
- Nebraska Community Colleges – CCC, MCC, MPCC, NECC, SCC, or WNCC;
- Nebraska State College System – Chadron State, Peru State, Wayne State; or
- University of Nebraska – NCTA, UNK, UNL, UNMC, or UNO
- Need financial assistance to attend college
- Note: Students do not need to be Pell Grant eligible to qualify
- Students must have an Expected Family Contribution (EFC) below $10,000
- To calculate your EFC, use the 2023 College Funding Estimator
All eligible applications are reviewed and scored. Selection is based on:
- Financial need
- Academic merit
- Personal essay
- Strength of recommendations
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How To Apply For The Warren Buffett College Scholarship 2023
FAFSA & SAR
To be considered for this Scholarship, you should complete a Free Application for Federal Student Aid (FAFSA) and obtain a Student Aid Report (SAR).
The year 2023 FAFSA is available October 1st, and you must receive your 2023 SAR and upload it to the scholarship application before the 1st February 5 pm CST/4 pm MST deadline.
For information on the FAFSA, please visit Education Quest click here >or visit the FAFSA Tools page to use the 2023 links.
Step One (1): Get an FSA ID
To complete the FAFSA online, you are expected to have an FSA ID. You and a parent/guardian each need an FSA ID if you are a dependent student.
Kindly click here >
Step Two (2): Complete the FAFSA
To obtain the FAFSA Click here >.
For the year 2023 FAFSA, you and/or your parent/guardian(s) should use 2019 taxes. The FAFSA is being processed within 3 to 5 days but can vary at peak times. To verify the status of your FAFSA, click here > and log in as a returning user.
Step Three (3): Receive the SAR
As soon as the government processes your FAFSA, you will definitely receive a Student Aid Report (SAR). This report will be sent to colleges; you must download and attach it to the scholarship application.
Note: Only the year 2023 SAR will be accepted. A copy of your application information will NOT be accepted, nor will we accept a copy of your submission confirmation.
After completing your FAFSA online, you will receive a notification email that your SAR is available.
Click here > to log in as a returning user, and select “View Your Student Aid Report.” Then save the SAR as a Portable Document File (PDF).
After completing your PDF or paper FAFSA, you will receive a paper copy of your SAR in the mail.
NOTE: Receiving the SAR via e-mail takes longer, so plan. You should scan the paper SAR and save it as a PDF.
Step Four (4): Upload the SAR
Login to your scholarship application, go to the Student Aid Report page, and then upload the SAR PDF file.
Submit the entire application by 1st February 5 pm CST/4 pm MST.
Application Requirements For Warren Buffett Scholarship 2023
The requirements for the online application are as follows:
- Application forms
- Two recommendations
- Student Aid Report
- High school transcript
- Essay- Compose an essay of One thousand to one thousand five hundred (1000 – 1500) words that help us to understand more about you and your life. It is significant to address all of the following questions/topics throughout the essay:
- Tell us about two (2) or three (3) of your most meaningful accomplishments or times when you were overconfident of yourself (personal, academic, family, work or other activities). Why are these meaningful? How do these accomplishments /experiences relate to your future goals? What are the things you are passionate about? How do you share this passion with others? How does this passion prove up in your life? How are you involved in giving back to others and/or the community? What does giving back mean to you? Let us know about a challenge or obstacle you have faced. What did you learn from it? How does this challenge or obstacle still impact your life? Is there anything else you would like for us to know about you?
Warren Buffett Scholarship Application Link
Candidates who wish to apply for this scholarship should apply using the given link below:
Warren Buffett Scholarship Deadline
The application for this scholarship opens November 1, 2022, and the deadline is February 1, 2023, at 5 pm CST/4 pm MST. Watch this space for fresh updates on upcoming opportunities.
Susan Warren Buffet Scholarship Frequently Asked Questions
Once you officially accept the scholarship, the Buffett Foundation informs the Financial Aid Office at your college. The scholarship will be disbursed by the Financial Aid Office at the beginning of each term (semester or quarter). If you have questions about how the scholarship will be applied to your account, you will need to contact your college’s Financial Aid Office.
Your scholarship begins the fall term of your award year. The scholarship will automatically renew each term for up to five years at a four-year college, or three years at a two-year college, as long as you continue to meet the scholarship requirements or until you graduate or obtain your bachelor’s degree, whichever comes first.
To maintain your scholarship, you must:
Maintain at least 9 credits per term;
Achieve a cumulative GPA of at least 2.0 each term;
Earn at least 1 credit hour each term; and
Acquire at least 18 credit hours or 27 quarter hours in each academic year
Yes. The summer term is funded the same as the fall or spring terms, and students are funded based on the number of credits enrolled (see award chart). NOTE: If you receive federal financial aid during the summer, it is your responsibility to contact the financial aid office regarding requirements and funds disbursement.
No. The scholarship is for undergraduate classes only.
If you attend a state or community college, please email firstname.lastname@example.org or call 402-943-1383. Please include your name, college, and type of Scholarship: Buffett.
The scholarship application for the Susan Warren buffet scholarship is around the corner and will surely begin soon. The scholarship has been scheduled to commence on November 1, 2022, and close on May 1, 2023. Do keep tabs with us to know more and to apply.
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