Finlandia University announces Lake Effect Scholarship
July 7, 2021
New to Fall 2021, the Lake Effect Scholarship is a need-based scholarship that allows eligible commuting and on-campus living students to enjoy the benefits of cost-sharing education. Meaning, commuting students will have tuition reduced to $2,500 per year, earning their full Bachelor’s degree for $10,000. The $2,500 per year cost-share can also be covered by federal loans, meaning no out-of-pocket cost. Recipients are able to earn their degree now and pay later.
On-campus housing students are also eligible to receive the benefits of cost-sharing education through the Lake Effect Scholarship. With tuition reduced to $2,500 per year, they will have additional housing costs, which can also be covered by federal loans.
In 2020, the Rise Together Scholarship and Western Great Lakes Scholarship were created to enhance need-based opportunities at Finlandia University. Building on this foundation, FinnU has created the Lake Effect Scholarship that aligns with Finlandia’s mission of providing affordable higher education to all.
Learn more about the Lake Effect Scholarship at finlandia.edu/lakeeffect or read more about our other merit and need-based scholarship opportunities below.
Lake Effect Scholarship
Rise Together Scholarship – Full Free Tuition
The Rise Together Scholarship is a need-based scholarship that, when combined with federal and state scholarships and grants, covers a student’s entire tuition costs and aligns with Finlandia’s mission of providing affordable higher education to all. The Rise Together Scholarship can be applied to the first two years of study at Finlandia. After the completion of 56 credit hours and/or an associates degree, students can easily transfer into a bachelor’s degree program and become eligible for the $10,000 Finnish Strong Scholarship, which can be renewed on an annual basis. Students must meet all criteria to be eligible for the Rise Together Scholarship. This scholarship is renewable, but students are not eligible to receive additional institutional scholarships. You can learn more about the Rise Together Scholarship at finlandia.edu/freetuition.
Western Great Lakes Scholarship – Up to $4,000
Beginning in fall 2020, all new degree-seeking incoming first-year students who are residents of Michigan, Wisconsin, Illinois or Minnesota with at least a 2.25 grade point average are eligible for this needs-based scholarship. Students may be able to retain this scholarship for all four years by maintaining a 2.25 GPA, full-time status and good social standing. The award amount will be determined by family need on an individual basis. Learn more at finlandia.edu/western-great-lakes-scholarship/.
For more information about scholarship opportunities, please visit finlandia.edu/scholarships. Not eligible for one of these scholarships? Check out our other merit and need-based scholarship opportunities including the $10,000 Finnish Strong Transfer Scholarship, $7,500 Board of Trustees Scholarship, the $5,500 President’s Scholarship, or even the $1,000 Visiting Scholarship that is awarded to new incoming full-time students in good standing entering Fall 2021 who visit the university (virtual or in-person) by August 1, 2021. For questions, please contact Finlandia’s financial aid office at 906-487-7240 or email Director of Student Financial Services Sandra Turnquist directly at sandra.turnquist@finlandia.edu.