The United States has always been a country of great opportunities for all people, women and ethnic minorities included. Here private initiative has worked especially well, where the pioneer spirit, hard work, and healthy competition combine to guarantee success.
In line with this tradition, we encounter the initiative “10,000 Women Business Leadership Award”, part of a program sponsored by “Goldman Sachs”, a banking and financing company, that aims to provide educational and business opportunities to women all over the world, and that will now designate funding specifically to financial aid for young Hispanic women. The “Hispanic Scholarship Fund” (HSF) with financial backing from Goldman Sachs and CO., will award more than 26 scholarships of 5,000 dollars per annum, of a possible duration of 2 years to Hispanic female students so that they can complete university studies related to finance. This should facilitate the payment of these students’ education as well as their future success in the business world. These scholarships will be awarded to those young women who demonstrate brilliant academic transcripts and exceptional accomplishments.
In providing financial aid to worthy candidates, the market, in this case “ Goldman Sachs” actively demonstrates how private initiative works and how effort and hard work are rewarded in this country. This supposes a real advance for Hispanic women as opposed to the empty speeches and ramblings that some politicians tend to dole out in response to current cultural and socioeconomic barriers and the difficulties that Hispanic women often face in their communities.
This is excellent news because this money will allow more Hispanic women, with their great potential, to complete their studies in business and finance, an academic discipline too often reserved to men. The market, in its wisdom, rationally propels methods that work, unlike administrations, beaurocracies, and some governments. In this way, the market logically singles out Hispanic women, who represent one of the United States’ greatest human resources; day after day, these women demonstrate their capabilities in the businesses and the companies where they are given the opportunities they deserve.
According to the “Hispanic Scholarship Fund”, Latin women are one of the fastest-growing groups in business in the United States and this is no coincidence, but an indicator of their efficency in management and varied aspects of free enterprise.
Those students enrolled in new colleges and universities designated by HSF can participate in the previously mentioned scholarship program. The designated universites and colleges are the following: Baruch College (CUNY), Barnard College, Fordham University, Rutgers University, Columbia University, New York University, University of California Berkeley and the University of Texas-Austin.
During the first year, the organization will give 16 scholarships to students that complete the requirements of having finished their second year of studies, being enrolled full time for the 2009-2010 school year, and having demonstrated interest in studying a business or business related degree.
The candidates must have a cumulative GPA of 3.0 on a 4.0 scale, be of Hispanic origin, be American citizens or residents, and request federal financial aid through the Free application for Federal Student Aid (FAFSA).
The candidates who comply with the above requirements can request the scholarship through the HSF website (https://apply.hsf.net/applications/). The application period for for 2010-2011 began the 30th of September and ends in January of 2010. HSF’s webpage, www.hsf.net provides additional information about these and other available scholarships for Hispanic students.
During the last three decades, HSF has given out more than 90,000 scholarships in the amount of 280 million dollars to young Latin students in the United States and Puerto Rico consistently demonstrating their active commitment to promoting education in the Hispanic American population, they are paving the way to progress for all Americans as today´s Hispanic scholars become tomorrow’s leaders.