Tuesday, April 2, 2019

Newmont scholarships - North America scholarship program 2019

Welcome to the newmont scholarship page where you will told everything you need to know about new month scholarships.

Here, we will not only tell you about the scholarship, but will also show you some application steps that will guide you.

The Newmont scholarship program is a North America scholarship program that provides financial incentive and assistance for post-high school education and/or training to children of Newmont employees.

The scholarship program is available to dependents of active full-time regular employees of Newmont North America, Corporate, Canada, Miami, US-based expatriates and US legacy sites.

This scholarship program is administered by Scholarship America®, the nation’s largest designer and manager of scholarship, tuition assistance and other education support programs for corporations, foundations, associations, and individuals.

Awards are granted without regard to race, color, creed, religion, age, gender, disability, or national origin.

Newmont scholarships eligibility

Applicants of the Newmont North America Scholarship Program award must be:
  • Dependent child, as defined by the Newmont benefits plan, of full-time Newmont employee*
  • Under 26 years of age (at beginning of semester)
  • A high school senior, graduate or current college student
  • Enrolled or enrolling in full-time study at an eligible postsecondary institution**
  • Maintain a semester Grade Point Average (GPA) of 2.5 or higher on a 4.0 scale***
Scholarship recipients are not eligible to participate in Newmont’s Tuition Reimbursement Program, legacy scholarship program, or the MTC Program.

A student who transfers to another school must inform the Scholarship Program administrator of this change before the beginning of the term.

Applicants are responsible for staying current with any modifications to the Program. All Program Information is available through Newmont Human Resources.

*Employee is defined as a full-time, regular employee at the time of application. Fixed-term, contract and part-time employees are not eligible.

**Eligible postsecondary institution is defined as a licensed and accredited undergraduate two-year or four-year college or university. Licensed and accredited technical school or certification program in the United States or Canada are also eligible.

***A student whose GPA falls below 2.5, will be placed on “probation” and given one semester to bring the GPA up to 2.5. If the student is unsuccessful in reestablishing a 2.5 GPA after the probationary period, they will be terminated from the Program. Terminated students may reapply for the Program once they have regained a 2.5 or higher GPA. Students who fail to maintain a GPA of 2.5 or higher may have award levels reduced to the copper level.

Eligibility may be lost if:
  • GPA falls below 2.5 for two consecutive semesters
  • Student’s full-time status changes to part-time
  • Student withdraws or is dismissed for a semester.
  • Student no longer qualifies as a dependent of a Newmont employee
  • Employee terminates employment with Newmont, for reasons other than retirement or severance*
*Eligible dependents of employees who retire or are severed from employment, the current awarded scholarship will be honored for the duration of the academic year (i.e. through the spring semester) as long as all other student eligibility conditions continue to be met.

Newmont scholarship award

Awards range from $500-$6,000. Awards are organized into three tiers:
  • Copper: The lowest awarded amount: All first and second year college students and all upperclassmen studying a nonindustrial related field of study with acceptance/renewal to an accredited program or school (e.g., cosmetology, education, nursing, etc.)
  • Silver: the intermediate awarded amount: Third, fourth, and fifth year students studying a non-mining specific related field of study with acceptance/renewal to an accredited program or school (business related: HR, accounting, IT, etc.)
  • Gold: the highest awarded amount: Third, fourth, and fifth year students studying a mining specific related field of study with acceptance/renewal to an accredited program or school (mining or metallurgical engineering, geology, etc.)
Award amounts are flexible to meet the current business needs. The committee will set the award amounts yearly based upon the approved budget for the year.

Students will be eligible for scholarships for up to five years or until a bachelor’s degree is obtained, whichever comes first, on the basis of maintaining all eligibility requirements and reapplying within the Program specified time frame. Students pursuing graduate degrees are not eligible for scholarships.

Notification

Applicants will be notified in May. Not all applicants to the program will be selected as recipients.

Payment of Scholarships

Scholarship America processes scholarship payments on behalf of Newmont North America.

Awards will be paid in two installments in August and January. Awards are made payable to the institution for the student.

In the U.S., the Newmont North America Scholarship is considered by the IRS to be a taxable employee benefit.

Employees will have taxes withheld twice per year to account for this tax liability.

In Canada, the Newmont North America Scholarship is taxable to the student.

Selection of recipients:

Applications and applicants will be evaluated by a panel comprised of representatives from Newmont North America. This review will be to determine that eligibility requirements are met, and to establish the level of award.

Selection of recipients is made by Scholarship America. All applicants agree to accept the decision as final.

Financial need is not considered.

Newmont scholarships required documents

As part of your application, you must upload the following documents:

A current, complete transcript of grades. Grade reports are not accepted. Unofficial or online transcripts must display student name, school name, grades and credit hours for each course and term in which each course was taken.

You must provide all transcripts for schools you have attended.

Your application is not complete unless all required documents are submitted electronically. Incomplete applications will not be considered for a scholarship.

Newmont scholarship application

If you are interested in this grant, follow the link to apply now:


If in doubt, send a mail to newmont@scholarshipamerica.org.