College Scholarships
Alice Buffett Outstanding Teacher Award

1. What costs are covered with my College Opportunity Scholarship (COS)? 

The table below indicates the maximum value of a College Opportunity Scholarship per term (semester or quarter) at each public institution in Nebraska for the 2016-2017 academic year.  The scholarship can be used to cover expenses related to attending college (e.g. resident tuition and fees, housing, books).  The amount of your scholarship may be less than the maximum term awards listed below depending on your cost of attendance, enrollment status, or other funding.  Any unused portion of this award does not accrue and may not be applied to subsequent terms.

Maximum Term Awards for 2016-2017

 

2. How do I receive my scholarship funds?

Once you officially accept the scholarship, the Foundation informs the Financial Aid Office at your institution.  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 institution's Financial Aid Office.

 

3. When does my scholarship start?  How do I renew the scholarship each year? 

Your scholarship begins the fall term of your award year.  The scholarship will automatically renew each semester/quarter for up to five years at a four-year college or up to 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.

 

4. What GPA is required to maintain my scholarship?

You need to maintain a cumulative GPA of at least 2.0 each term.  Failure to meet this requirement results in a probationary period.  Two consecutive or three total terms of probation will result in the loss of your scholarship.

 

5. How many credit hours are required each semester?

You must maintain at least 9 credits per term, earn at least one credit hour each term, and you must earn at least 18 credit hours or 27 quarter hours in each calendar year.  Failure to meet these requirements will result in a probationary period. Two consecutive or three total terms of probation will result in the loss of your scholarship.

 

6. What if I add classes after my scholarship has been paid? 

The costs of these classes are your responsibility. If classes are added between the early registration period and the first week of classes for fall or spring, or the first day of summer session, scholarship funds will pay the additional tuition/fees up to the maximum scholarship amount.

 

7. What happens if I drop classes?

You must maintain at least 9 credits per term, earn at least one credit hour each term, and you must earn at least 18 credit hours or 27 quarter hours in each calendar year. Failure to meet these requirements will result in a probationary period. Two consecutive or three total terms of probation will result in the loss of your scholarship.

 

8. Does my scholarship cover summer courses? 

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 when funds will be disbursed to your student account. 

 

9. If I take summer courses, does it count as a term?

The Foundation gives the summer term the same weight as any other term.  You are not required to take summer courses, and there is no minimum credit hour requirement; however if your cumulative GPA drops below 2.0, or you do not earn at least one credit hour, it will result in a probationary period.

 

10. Can I use my scholarship to Study Abroad or participate in an Exchange Program?

Yes.  You need to complete and submit the Study Abroad/Exchange Program Request form available on the Request Forms page of our website.   You are eligible to receive scholarship funds for Study Abroad or Exchange programs provided:

  • You will earn credits toward graduation while abroad;
  • The program is approved by your primary institution;
  • Tuition and fees are paid directly to the primary institution;
  • You are not on probation at the end of the term immediately prior to going abroad; and
  • You completed a "Request to Study Abroad" form prior to the deadline and received approval from the Foundation to use funding for study abroad.  The deadlines to submit this form are as follows:
    • Fall term: August 1st
    • Spring term: December 1st
    • Summer term: April 1st

You must successfully complete two terms with at least a 2.0 cumulative GPA at your primary institution in order to study abroad or participate in an exchange program.  If you are making a request and have only completed one term, you will be required to submit additional information and your request will be reviewed on a case-by-case basis.  If you started your Study Abroad/Exchange term before the previous term's grades were reported, and you earned a cumulative GPA less than 2.0, the Foundation is not responsible for funding the Study Abroad/Exchange term.  

 

11. May I use my scholarship for CNA class(es)?

Yes.  The scholarship can be used for any undergraduate CNA class(es).  

 

12. May I transfer my scholarship to another Nebraska public institution?      

Yes.  You may transfer your scholarship to any Nebraska public institution as long as you are still an undergraduate student, meet the scholarship GPA requirements, and complete a Transfer Request form.  The Transfer Request form can be found on on the Request Forms page of our website.  Your transfer request must be submitted and approved by the Foundation.  The list of institutions that you can transfer your scholarship to are as follows: 

Nebraska Community Colleges- Central, Metropolitan, Mid-Plains, Northeast, Southeast, Western Nebraska

Nebraska State College System- Chadron State, Peru State, Wayne State

University of Nebraska- NCTA, UNK, UNL, UNMC, and UNO

 

13. Can I transfer my Buffett Scholarship to the University of Nebraska Medical Center?

Yes.  Your scholarship will transfer to UNMC only for specific programs as long as you pursue a bachelor’s degree at UNMC (i.e., Nursing, Dental Hygiene, Clinical Laboratory Science, Radiation Science Technology), and complete the Transfer Request form here: Request Forms.  Many UNMC programs are considered graduate or professional.  If you are pursuing a graduate or professional program at UNMC, you will not be eligible to receive scholarship funds.  Please note: you need to notify your campus of your intentions to transfer and you will need to cancel any obligations or commitments that you have made at the campus you are transferring from.

 

14. Can I use my scholarship at another Nebraska institution even if I am a student at a different campus?

Yes.  You are eligible to submit a request to receive scholarship funds at a secondary institution unless you are enrolled full time at your primary institution.  A request for funding at a secondary institution is due two weeks prior to the beginning of the semester/quarter.  The Funds for a Secondary Institution Request form can be found on on the Request Forms page of our website.

 

15. May I use my scholarship for graduate classes?

No. The scholarship is for undergraduate classes only.

 

16. Who should I contact if I have additional questions? 

If you attend a state or community college, please email scholarships@stbfoundation.org or call 402-943-1383.  Please include your name, college, and type of Scholarship: COS.

If you attend UNK, UNL, UNMC, or UNO please email scholarships@nebraska.edu. Please include your name, NU ID, campus, and type of Scholarship: COS.