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Binc Scholarship Applications Open

Monday, January 16, 2017   (0 Comments)
Posted by: Eileen Dengler
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The Book Industry Charitable Foundation (Binc) Scholarship Program seeks to truly make a positive impact in book store employees' lives and in our former Borders Group employees' lives by offering scholarships to employees and their dependents based on financial need, academic performance and community involvement. Scholarships are offered for full- or part-time study at an accredited institution of the student's choice.

The program is administered by Scholarship America, the nation's largest designer and manager of scholarship, tuition assistance and other education support programs for corporations, foundations, associations and individuals.

Who is eligible?

Applicants to the Scholarship Program must meet all of the following criteria:

  • Be high school seniors or graduates or be current postsecondary undergraduates or graduate level students.
  • Plan to enroll in full- or part-time undergraduate or graduate study at an accredited two-year or four-year college, university, or vocational-technical school for at least half of the 2017-2018 academic year.

In addition to the requirements listed above, all applicants to the Binc Scholarship Program must be one of the following:

  1. Current employees or owners of retail bookstores in the U.S., or dependents* of such individuals who have a minimum of one year of continuous employment at the bookstore as of the application deadline date. The bookstore must have a bricks and mortar presence in the U.S. and have a substantial portion of the store's revenue coming from the sale of books. Eligible employees must be employed directly by the bookstore.
  2. *Dependents include children aged 25 and under, spouses and qualified same-sex partners.

    OR

  3. Former full- or part-time Borders Group employees or dependents* of such employees who were employed with Borders Group at any point during the 2011 calendar year and who had a minimum of one year employment with the company.
  4. *Dependents include children aged 25 and under, spouses and qualified same-sex partners.

What are the details of the award?

  • Up to twenty seven (27) awards will be granted as follows:
    • Twenty four (24) awards of $3,500 each will be granted.
    • Two (2) awards of $10,000 each will be granted to the top two candidates overall. At least one (1) of the $10,000 awards will be granted to an Industry affiliated applicant.
    • One (1) Karl Pohrt Tribute Award of $5,000 will be granted to a candidate who has overcome learning adversity or is a non-traditional student. This award will be granted to an applicant affiliated with an independent bookstore.
  • Awards are not renewable, but students may reapply to the program each year they meet the eligibility requirements. A student may receive an award no more than four times.
  • Awards are for undergraduate or graduate study and may be used for tuition, fees, books, supplies and room and board.

How do I apply?

  • Start by clicking here. You will need to read and agree to a consent statement and register as an applicant with username and password.
  • During the application process, you will be able to leave the site by clicking on the Save and Log Out button located in the left navigation menu on any application page. To log in, you must enter your username and password.
  • Carefully review your application before submission. We recommend that you print a hard copy of your application for your records. Do not send a printed copy to Scholarship America.
  • Be sure your application is complete before hitting the 'Lock and Submit' button! After you submit the application, no changes can be made. You will no longer have access to your application account or data.

What documents are required?

  1. A current, complete transcript of grades from each college or vocational-technical school attended. High school seniors or students who have completed less than 12 credits at any college or vocational-technical school should submit a high school transcript.
  2. Copy of the first two pages of the 2015 or 2016 IRS Federal Form 1040 which was used to complete the Financial Information section of the application.

When is the deadline?

  • Your application must be submitted electronically by 11:59 p.m. CT on March 6, 2017.
  • You will receive an email confirmation upon successful submission of the electronic application form.

How are recipients selected?

  • Scholarship recipients are selected based on three equally weighted categories: academic achievement; financial need; and leadership, participation, and other non-academic criteria including a goals statement, work experience, and unusual personal or family circumstances.
  • Applicants will be divided into four groups: current bookstore employees, dependents of current bookstore employees, former Borders Group employees, and dependents of former Borders Group employees. Awards will be granted to each group in proportion to the number of applications received.
  • Recipients are selected by Scholarship America. All information received is considered confidential. In no instance does any officer or employee of Binc play a part in the selection.
  • The selection process will not be influenced or affected by the actual or perceived race, religion, color, national origin, ancestry, disability, gender, or sexual orientation of any applicant.

How and when will I be notified?

  • Applicants will be notified of their status via email in late April 2017.
  • The program is competitive; not all applicants will be selected as recipients.

What are a recipient’s responsibilities?

  • Recipients must notify their school about the award and deliver the scholarship check to the school in a timely manner.
  • Recipients must notify Scholarship America of any changes in address, school enrollment, or other relevant information and send a complete transcript when requested.

How and when are scholarships paid?

  • Payment is made in one installment on August 15, 2017.
  • Scholarship America issues scholarship checks on behalf of Binc.
  • Checks are mailed from Scholarship America to each recipient's home address.
  • Checks are made payable to the school for the student.

Binc reserves the right to review the conditions and procedures of this scholarship program and to make changes at any time including termination of the program.

Questions? Contact us:

Email: bincfoundation@scholarshipamerica.org

Call: 1-507-931-1682

Binc Scholarship Program 
Scholarship America
One Scholarship Way
Saint Peter, MN 56082