2019 marks the fifth year that we have awarded the White Coat Investor Medical School Scholarship. The prize money, the number of sponsors, the number of winners, the number of judges and the number of applicants are growing every year.
The WCI Medical School Scholarship
Sponsor of the Gold Level Scholarship Program
This medical school scholarship provides several things each year:
- Katie and I are extremely grateful for the financial success of The White Coat Investor, LLC. Our charitable contributions increase every year, so in recent years we have actually given more to charity than we have spent. Due to a major home makeover this fall, that probably won't be the case this year, although we've given more than ever. The WCI grant is a way to "pass on" our success in a very direct way, and we're happy to say thank you to the high-income medical/professional association in this way.
- The scholarship directly improves the financial situation of several students, usually by significantly reducing their debt burden.
- The scholarship promotes financial literacy. Not only is it bringing the White Coat Investor message to thousands of medical students, but we are giving access to the WCI Fire Your Financial course to ten students and we are giving a WCI book to hundreds of students. Certainly there is some marketing value to the business, but if we can do it well while doing good, we're all for it.
- The scholarship builds the WCI community as YOU contribute your time and money to the effort.
Our contribution to the scholarship
This year, Katie and I will personally contribute $25,000 in cash to the scholarship. We'll also be contributing another $25,000 in prizes, including $5,000 in online courses and approximately $20,000 in books. We also cover all of the costs of administering the program, so every dollar donated by corporate and individual sponsors goes to the winners.
Site sponsors have already contributed $40,800 to the grant, bringing the cash and prize total to $90,800 at this time.
We hope that you will also feel the desire to contribute to the program as it is truly a community effort.
scholarship awards
Platinum Level Scholarship Sponsor
In 2015, our first year on this scholarship, we awarded over $12,000this winning essay. In 2016 we gave away over $30,000 in cash and prizes, with the lion's share going to the authorwinning submission. In 2017, we gave nearly $40,000 in cash and prizes to a diverse group of five winners, includingthe grand prize winnerwho received $21,400 in cash. In 2018, we awarded over 60,000 in cash and in-kind prizes to ten winners, including theGrand Prize Winnerwho received $28,886 in cash.
The prices this year are as follows
- Grand Prize: 60% of the money raised plus a choice of online courses (Fire your financial advisoror theWCICON18) plus a copy ofDas Financial Boot Camp des White Coat Investorsfor each member of his class
- 2nd place: 30% of the money raised plus choice of the online course plus a copy of the book for each member of the class
- 3rd place: 10% of the money raised plus choice of the online course plus a copy of the book for each member of the class
- 4th place: $2,000 cash plus choice of online course plus a copy of the book for each member of the class
- 5th place: $1,000 cash plus choice of online course plus a copy of the book for each member of the class
- Honorable Mention: Places 6 through 10 will also receive their choice of online course
Who is Eligible?
Only working students who are enrolled full-time for the 2019-2020 year and are in good academic standing are eligible (yes, we will actually call your school and check.). That means medicine, osteopathy, podiatry, dentistry, law, pharmacy, optometry, medical assistant, nurse, CRNA. We also consider physical therapy and occupational therapy students if the program leads to a PhD. Yes, I know the title of the post is Medical School Scholarship and most of our applicants and winners are working toward MD and DO degrees, but these other degrees are all eligible.
No online schools (just bricks and mortar.)
No students.
No residents. Even if you are a dentist and pay tuition. Forgiveness. Students only.
You do not have to be a US resident or attend a US school, but you MUST HAVE A US SOCIAL SECURITY NUMBER.
As we are not a registered charity, the top three prize winners will need to fill out a formW-9before we receive your money and we will issue you a 1099 and report the income to the IRS. Consider it fully taxable income. The good news is that your tax bracket is almost certainly dramatically lower than ours, so after taxes we can give more and you can get more.
How to apply
All applications that follow the guidelines and are submitted betweenJune 1 and August 31, 2019, accepted and assessed before midnight MST.
The application consists of an e-mail to[Email Protected]with “WCI Scholarship Application” in the subject line and includes the following information:
- Full name
- Your projected graduation and the date of graduation
- Full name of your school
- your postal address
- Your phone number
- Your email address
Platinum Level Scholarship Sponsor
(Video) WCI Podcast #202 - Working Together with Your Partner, with Mrs. WCIAn 800-1200 word proofread essay written by you in English on any topic of your choice and sent as an attached .doc file (e.g. those created by Microsoft Word or Google Docs) via attachment or shared link becomes. The essay may not be published elsewhere. Note that this word limit is VERY strictly enforced. In the past, there has been at least one applicant who missed out on tens of thousands of dollars by not being able to count to 1200.
Do not include any identifying information in the essay file. A number will be appended and the judges will not be given any information about you other than what is included in the essay.
If you are an award winner, your essay will be published on this website in October 2019, subject to specific exceptionslike these, with your name and photo. (We only ask for a photo and a W-9 for winners, so it's a good sign if we ask for your photo and a W-9.) Be aware that people in your hospital and perhaps in your future professional life will read your essay. I assume that only excerpts of honorable mention essays will be published.
Again this year we will be disabling comments on the winning entries because in the past I found it embarrassing that the winners were subjected to anonymous internet troll criticism from people who weren't even willing to contribute or the contest to judge. Unfortunately, that means they won't see the dozens of congratulatory comments either, but c'est la vie.
The Judgment Procedure
WCI employees are not involved in the evaluation process in any way. We had more than 740 applications last year and expect even more this year. We will need the support of dozens of volunteer judges to ensure a fair outcome. If you've ever wished someone else had won first prize, sign up and throw in your two cents! There will be a three-stage assessment process. All volunteer judges are WCI readers who are employed or retired (not students or residents).
In the first round we will provide each judge with a set of essays (10-20) and ask them to recommend 2-3 for passing on to the next round. The second round will consist of fewer judges and far fewer essays, but will follow a similar format. The final round consists of 12 judges evaluating the 10 finalist essays, with the best essay receiving 10 points, then 9 points, then 8 points, and so on. The essay with the highest score gets the grand prize, and so on. In the event of a tie, only the tied essays will be submitted to an additional judge for selection. The round in which a judge serves is determined at random to minimize bias. The judges remain anonymous to each other and to the applicants.
Platinum Level Scholarship Sponsor
If you are a professional and would be willing to read and grade 10-20 (hopefully ten) 1000 word essays in a timely manner sometime in September, please email at[Email Protected]with the words “Honorary Judge” in the subject line. You have a few days to complete the task, but not a few weeks. If you find that you are unable to fulfill this duty at any time, please let us know as soon as possible so that we can find someone else.
What should you write about?
You can write about anything you want. However, after four years, I can tell you that most judges are not too impressed with you resubmitting your medical or dental admissions essay. Also remember that the judges are WCI readers with at least a passing interest in financial matters. You might also want to go back and read some of the winning essays in the past to see what did well. And please have someone else read it before you submit it; Typos, spelling and grammatical errors impress nobody.
You can write about a cool experience, your financial needs, what you would use the money for, what your future career plans are, your family, something suitable for a guest post on a financial website, or just about anythingrandom poem about tulips. However, if it is fiction, the essay must state very clearly that it is fiction. Don't pretend to be Little Orphan Annie if you're not.
Generally speaking, creativity is rewarded, particularly inspiring stories about overcoming challenges resonate well, and insightful anecdotes from your school days that remind readers of their own college years seem to resonate. You can write about your favorite political topic if you like, but half the judges seem to love them and half hate them, which usually doesn't result in a high enough score to win. If you write about both sides of a controversial topic, maybe the judges would take a more benevolent view! Judges are typically mixed by race and gender, with a clear bias toward US physicians in their 30s and 40s, reflecting the site's general readership.
appeal for donations
Please consider making a donation to the scholarship fund. 100% of your donation goes to the winners. Unfortunately, we are not a 501(c)3 registered charity, so your donation is not tax deductible unless you can deduct it as a marketing expense for your business (which most sponsors do). Even without a tax deduction, it's a great cause, a lot of fun, and a chance to share your financial success. You may not even be listed this year with the latest tax law changes anyway. You can remain anonymous or not, your choice. Be sure to let us know if you wish to remain anonymous.
Platinum Level Scholarship Sponsor
The easiest way for us to accept contributions is via PayPal[Email Protected](Use the "Send money to friends and family" option to maximize your contribution). However, if you wish to use a credit card, let us know and we will send you a PayPal invoice. You can pay by credit card. You can also send checks to:
scholarship fund
Der White Coat Investor, LLC
Mailbox carton 520421
Salt Lake City, Utah 84152-0421
Perhaps the easiest way is to just use this handy button to contribute with Paypal or any other major credit card.
Who has already contributed?
We are very grateful to the scholarship providers who have already taken action and made significant contributions. We have divided sponsors into 4 levels.
Platinum Level Contributors ($6000 or more)
The White Coat InvestorLLC
Larry Keller (Financial Services Physician) –disability and life insurance
Bob Bhayani (Dr Disability Quote)-Disability and life insurance
Splash Financial– Refinance of student loans
W. Ben Utley (financial advisor to the doctor's family)– financial advice
Alexis Gallati (Sensible tax advisors– formerly Gallati Professional Services) – Strategic tax planning
Gold Level Contributors ($700 or more)
Platinum Level Scholarship Sponsor
Jamie Fleischner (Life Insurance Set)– Disability and life insurance
Pradeep Audho (PCA Insurance)– Disability and life insurance
Jonathan Brozek (US-Bank)– doctor mortgages
Chris Duncan (JumboCD Investments)– investments
Jon Appino (Contract Diagnostics)– Contract review/negotiation
Johanna Turner (Fox and Company Wealth Management)– financial advice
Laura Clifford (CPAs von Fox and Company) – Strategic tax planning
Robert Kaplan (Kaplan Financial)– Disability and life insurance
Scott Nelson Archer (Chief Financial Services Officer)– Disability and life insurance
Stephanie Pearson (Pearson Ravitz)– Disability and life insurance
Adam Grossman (Mayport Wealth Management)– financial advice
Michael Relvas (MR Insurance) –disability and life insurance
Chad Chubb (WealthKeel LLC) – Financial Advisor
laurel road– Refinance of student loans
Thomas Hackett (NW Altrecht)– Estate planning and legal advice
Muster– Disability and life insurance
Josh Mettle (Fairway-Hypothek)– doctor mortgages
Clint Gossage CMG Financial Advisory– financial advice
Wende Headley (Abacus Wealth)– financial advice
Silver Level Contributors ($100 or more)
Chris Roberts (Regions Bank) – Physician Mortgage Loan
Darin Goldman
Financial literacy project
Bronze Level Contributors ($10 or more)
Your name could be here!
Although we limit the number of Platinum level sponsors to only 5, Gold and Silver level sponsors also receive valuable promotional benefits for their contribution. Contact[Email Protected]for corporate sponsorship details if you are interested in sponsoring the scholarship at the Gold or Silver levels. Like last year, this summer you will see five sponsored posts, one for each of the Platinum level sponsors.
Thank you for supporting those who support the website and the scholarship. Also, consider posting this flyer in your school or hospital.
Stipendienflyer 2019
What do you think? Will you apply? will you judge will you contribute Comment below!
FAQs
How much is the White Coat Investor Scholarship awarded for? ›
Each winner takes home $7,841. Yes, we already have verified each winner is a student in good standing at their institution. Before we get to the essays, let's, once again, thank our sponsors for contributing to the scholarship.
Who won the White Coat Investor Scholarship? ›The top five also received a copy of the WCI Financial Boot Camp book for every member of their class and some cash. The grand prize winner, Allison Neeson, took home $42,660. Second place went to Momina Mazhar, with a check for $21,330.
How much is the top achiever scholarship worth? ›Value. One year of catered accommodation in a University of Auckland Waipapa Taumata Rau Hall of Residence plus $4,000 paid in two lump sums in Semester One and Two.
How many people get the Susan Buffett scholarship? ›The Susan T Buffett scholarship is awarded to about 1,000 Nebraska high school graduates each spring. The students are selected based on financial need and partly on the strength of their application, essay, and references.
Why do millions of dollars in private scholarships and grants go unclaimed each year? ›The National Scholarship Providers Association (NSPA) reports that over the last ten years, the number of scholarships awarded has increased by over 45%. Yet an estimated $100 million in scholarship money still goes unawarded each year, mostly due to a lack of applicants.
Has anyone won the US Bank scholarship? ›An aspiring nurse, physical therapist and psychologist are the latest high school seniors to be named U.S. Bank Student Scholarship Program winners. The three female scholarship recipients competed against nearly 23,000 students from across the U.S. and hail from Arkansas, Missouri and Louisiana.
How many people win the Equitable Excellence scholarship? ›Becoming an Equitable Excellence Scholarship winner can help significantly offset the cost of college and also provide valuable professional development opportunities. Given that as many as 10,000 students apply every year for 200 possible scholarships, it is also quite competitive.
What is the hardest scholarship to get? ›- Rhodes Scholarship.
- Fullbright Scholarship.
- Gates Cambridge Scholarship.
- Princeton Scholarship.
- Mitchell Scholarship.
- Churchill Scholarship.
- Marshall Scholarship.
- Jardine Scholarship.
Most Prestigious Scholarships
What defines a prestigious scholarship may vary but a few are generally recognized as being quite prestigious, they include the Rhodes Scholarship, the Fullbright Scholarship, the Marshall Scholarship, the Gates Cambridge Scholarship and the Truman Scholarship.
Odds of Winning a Scholarship
Only about 1 in 8 college students wins a scholarship, and the average amount used to pay for college is about $4,200 a year. Very few students win $25,000 or more in scholarships each year (only about 0.1%). Among the students who win scholarships, 97% win $2,500 or less.
What is the biggest scholarship in the US? ›
One of the largest scholarships, the Coca Cola Scholars Foundation program, is an achievement-based scholarship. The three areas evaluated are leadership, academics and service. Scholarships are awarded to graduating high school seniors planning to pursue a degree at an accredited US college or university.
How rare is it to get a full scholarship? ›Full-ride scholarships are awarded to only about 0.1% of students (Wignall, 2021). Nearly just as rare are full-tuition scholarships, which are awarded to only 1.5% of students (ThinkImpact, 2021). A regular high school student may have the qualifications for as many as 50 to 100 scholarships (Dickler, 2021).
Is Buffett scholarship full ride? ›The scholarship funds can be applied to any part of your cost of attendance (COA) at any of the eligible Nebraska public colleges. COA can include resident tuition, fees, books, room and board, personal expenses and transportation.
How much money do scholarship athletes receive? ›48% of students receive federal scholarships. Only 1.3% of athletes receive a full or partial athletic scholarship. An average scholarship for athletes is around $5,000. College baseball players receive around 5,400 scholarships.
How much money does the American Indian college Fund give? ›Students attending a state or private community college or university can get up to $20,000 per year. Enrolled members of California tribes which receive little or no gaming or agricultural revenue from the state are eligible.
How much money is the Shawn Carter scholarship? ›About this scholarship
This $1,500 - $2,500 scholarship is for U.S. students who are 25 years old or younger. Students must have a GPA of 2.0 or higher and demonstrate financial need, with Household income not exceeding $75,000 USD.
NCAA Divisions I and II schools provide more than $3.6 billion in athletics scholarships annually to more than 180,000 student-athletes.
What is a good scholarship amount? ›The average scholarship amount is $5,000 to $10,000 annually. These scholarships are typically available through the college you are planning on attending. Community partners and professional organizations offer them as well.
How many student-athletes get full scholarships? ›How do you get a full-ride athletic scholarship? Most student-athletes do not receive a full-ride scholarship—in fact, only 1 percent do. Still, full-ride scholarships as the goal for many athletes, as they typically cover tuition and fees, books, room and board, supplies, and sometimes even living expenses.
What percentage of students get athletic scholarships? ›Do many high school athletes earn athletics scholarships? Very few, in fact. About 2% of high school athletes are awarded some form of athletics scholarship to compete in college.
Which US college has the most Indians? ›
| QS World University Rankings 2023 | #39 |
|---|---|
| % of international students | 22.2% |
| Number of Indian Students | 2,031 |
| Countries Represented | 138+ |
| Student-Faculty Ratio | 9:1 |
US Bureau of Indian Affairs
Students who are more than 1/4 Indian blood should be eligible for Bureau of Indian Affairs (BIA) scholarships. BIA/OIEP funds may only be awarded to a person who is a member of a federally recognized Native American tribe.
- Fulbright-Nehru Fellowships.
- Hubert H. ...
- Fulbright Foreign Language Teaching Assistant Program.
- Fulbright-Kalam Climate Fellowship.
- Fulbright Scholar-in-Residence Program.
- Fulbright Distinguished Awards in Teaching Program for International Teachers.
The Presidential Scholarship Program upholds its place as the nation's highest honor for high school students. It is clear in the grand scheme of things that being invited to apply for a presidential scholarship is very rare, let alone becoming a finalist.
How much money does the Dream US scholarship give? ›TheDream.US National Scholarship Program is for undocumented students who are eligible for in-state tuition at one of our National Partner Colleges. This scholarship is for up to $16,500 for an associate's or up to $33,000 for a bachelor's degree at one of our National Partner Colleges.
How much money does Harvard give in scholarships? ›There is no scholarship students can win through luck or merit to cover the entire cost of their tuition at Harvard.
Can a college coach take away a scholarship? ›Coaches can pull a scholarship mid-year for 3 reasons: 1) you are ineligible, 2) misrepresent information in a university document or 3) withdrawal from the team.
What sport gives the most college scholarships? ›Further, athletic scholarship money can vary widely depending on the sport. In Division I men's sports, football gives the most scholarships, followed by ice hockey, basketball, track & field, lacrosse and baseball. For women, the most scholarships are offered in rowing, then track & field, ice hockey, and basketball.