Fritch Endowed Scholars Program
The Fritch Endowed Scholarship program is intended to serve students from middle–class families who are from small towns and non-metropolitan areas. The Fritch Scholarship recognizes the difficulty many families with modest means and from smaller communities face when considering Carleton. With rising college costs and debt burdens that may be overwhelming, the Fritch Scholarship recognizes the reality that many from middle-income families may not be considering Carleton as a college option. This scholarship tries to alleviate some of these concerns. In conjunction with Carleton’s strong financial aid program and commitment to meet 100% of need, this scholarship will provide funding to support the student’s need for assistance, reduce the necessity for loans, lower unpaid balances and have money for books and miscellaneous expenses. The intent of the Fritch Scholarship is to encourage and support students who would otherwise not consider or be able to afford such a high quality education. All students interested and qualified should apply for admission and this scholarship by the stated deadline dates.
To be considered for this Carleton specific scholarship, the applicant must:
- Submit the one-page online application by February 15, 2015
- Be admitted for admission and enroll at Carleton
- Be from a U.S. city or metropolitan area of less than 200,000 people
- Qualify for need-based financial aid
The applications for this scholarship will be considered in late March and early April. At that time Finalists and alternates will be announced before April 15. Applications will be reviewed by the Admissions Committee. Recommendations of the recipients will be made to and approved by the Dean of Admissions. If appropriate, alternates will be named as finalists by May 1.
Five(5) scholarships will be awarded in each incoming class. Each award will be for $10,000 per year. The scholarship will continue for 3 subsequent years assuming the student is making satisfactory academic progress. Each scholarship will have three components as follows:
- $4,500 used to meet the student’s need;
- $4,500 used to replace any loan awarded or used toward the family contribution and pay any balance owed;
- $1,000 used to buy books and supplies and other miscellaneous charges.
Any remaining need will be met with additional Carleton grants and scholarship aid so that 100% of an admitted student’s need will be met.
Herb Fritch, president and founder of HealthSpring, which was purchased by Cigna, is a part-owner of the NHL’s Nashville Predators. He was born and raised in Duluth, Minn. Barbara Fritch, a native of Yorkshire, England, is a retired financial planner. Herb and Barbara, married for 13 years, established the Fritch Scholars program at Carleton to affirm the couple’s deep appreciation for the role education plays in individual lives.