Retailers are partnering with colleges and universities to develop scholarships and grants.
The retail industry is growing in understanding that an educated workforce is key to its success and survival. Companies are increasingly partnering with colleges and universities to develop scholarship and grant programs, beyond what is provided to students from federal and state resources. Use the list below to pursue opportunities scholarship and grant opportunities. Prepare to enter the industry well educated and empowered to launch a rewarding retail career.
National Retail Federation Scholarships and Grants
Retailers need a well-educated workforce to meet marketplace challenges.
Since 2005, the National Retail Federation (NRF) has provided more than $1.3 million in scholarships to support the education of students in the e-commerce industry. Partnering with Shop.org, the NRF uses proceeds from sales on "Cyber Monday," the first online shopping day after Thanksgiving, to build its pool of monies available for scholarships.
Delta Epsilon Chi Association
DECA is a good organization to join for aspiring retail professionals.
Delta Epsilon Chi Association (DECA) is an international organization that any student involved in retail marketing should consider joining and utilize to apply for scholarships and grants. DECA is extremely well connected and affiliated with all the "major players" in the world of retail. National Advisory Board and scholarship contributors include JC Penney, Target Stores, Walgreen's, Public Supermarkets, TJ Maxx/Marshall's, NAPA Auto Parts and Sears. In addition to grants and scholarships, DECA members gain important access, internship and mentorship opportunities with some of the most successful retailers in the world.
Colleges and Universities with Retail Programs
Look to colleges and universities located and based "in the backyards" of major retail powerhouse corporate headquarters. Companies strongly support colleges and students in their areas with grants and scholarships. In addition they are the "first stop" for internships and recruitment efforts.
Ohio University provides scholarships for students in their Retail Merchandising program. Students receive a world class education in retailing, merchandising, promotions and are heavily recruited by retail giants including The Limited, Gap, Federated Department Stores, Kohl's, Ann Taylor, Nordstrom's, Neiman Marcus and more.
The University of Arkansas-Fayetteville is home to the Sam Walton College of Business. Walton is the famous founder of Wal-Mart Stores. Scholarship opportunities are available to pursue both undergraduate and graduate studies. The College hosts The Center for Retailing Excellence, providing an incomparable retail education. Gaining a scholarship and grant monies to attend the University of Arkansas provides students with working knowledge and exposure to a global "who's who" of retail corporations, including, Procter & Gamble, Coca-Cola, Colgate-Palmolive, Frito Lay, General Mills, ConAgra Foods, Lowe's, Nielsen, Novartis, Kimberly-Clark and Wal-Mart.
The Fashion Institute of Technology (FIT) of the State University of New York provides donor-designated scholarships and grants to students based on need and academic performance. Students also receive mentorship and internship opportunities with esteemed companies and fashion icons in the retail industry. FIT receives significant contributions from private donors. This could prove to be an interesting resource if there is a "fit" with an area of study that you wish to purse.
FIT might have a donor that shares your interest and the ability to provide the grant or scholarship monies.
Federal and State Scholarships and Grants
A "must do" is to complete the Free Application for Federal Student Aid (FAFSA). This will enter your grant and scholarship information into the national database, and identify additional sources. By indicating that you are pursuing an education in retail marketing, your application will be earmarked for specific scholarships and grants that apply.
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