Knowledge Hub / Scholarships for Black and African American STEM Majors
Scholarships for Black and African American STEM Majors

Scholarships for Black and African American STEM Majors

Paying for College
ELFI | March 30, 2022
Scholarships for Black and African American STEM Majors

If you’re looking for a career path with plenty of job opportunities, majoring in STEM could be a solid way to find it.

STEM — or science, technology, engineering, and math — is a growing field, and demand for qualified workers is expected to continue rapidly for years to come. In fact, an estimated 3.5 million STEM jobs may need to be filled by 2025, and there is currently a shortage of qualified applicants to fulfill them.

While students of all races enter STEM majors at around the same rates, a study published in Education Researcher shows that 40% of Black and African American students switch out of STEM majors before earning a degree. Researchers suggest this high percentage could be due to many Black students in STEM not having access to the academic and financial resources that help support students through the completion of the program.

Getting a job in a STEM field will require specialized education that can be expensive. However, if you are a minority student looking for assistance with funding your education, scholarships for Black students in STEM are available.

Top Scholarships For African American STEM Majors

If you’re a minority student interested in finding free money to help you earn a degree in science, technology, engineering, or math, check out this list of organizations that offer scholarships for Black students in STEM.

Where to Find Scholarships for Black Students in STEM?

If you’re looking for scholarships for African American STEM majors, there are a number of resources available to you. These include:

What if Black STEM Scholarships Don’t Provide Enough Money for School?

Although there are many different scholarships for Black students in STEM, not everyone will be able to fund their educational costs with scholarships alone. Here are some other funding options to fill the financial gap if Black STEM scholarships can’t cover your entire tuition and other educational expenses.

Look into Other Scholarship or Grant Opportunities

You don’t have to restrict your scholarship search to just scholarships for Black students in STEM.  You can broaden your search into other scholarship or grant opportunities for minority students, as well as more general scholarships that could be available to all individuals studying in a certain field or who earned a certain GPA.

Take Out Federal or Private Student Loans

When scholarships for African American STEM majors aren’t sufficient to cover all of your educational costs, you may need to borrow some money in order to pay for school. Both federal and private student loans could be available to you — and both options can be very affordable.

First, consider federal student loans as they have favorable interest rates, a choice of repayment options, and a simple qualification process.

Private loans also have competitive interest rates, and you may be able to borrow more than you can from the Department of Education. After you have researched scholarships and grants and explored federal loan products, you may find that an undergraduate student loan from ELFI could be right for you.* With ELFI, you won’t pay application fees, origination fees, or prepayment penalties.

To learn more about ELFI and determine what interest rates may be available to you, check out our Student Loan Calculator.