July 24, 2018
A post-graduation scholarship is a type of charitable grant that foundations would make to attract individuals with career skills needed in a particular region to the make their homes and build their careers in that community. Similar to a traditional scholarship, a post-graduation scholarship would be awarded to an individual who has already completed a degree or technical program in a career field that is needed in a particular region in order to pay off a portion of the individual’s student loans. As with traditional scholarships, these programs would establish eligibility requirements as well as a process to verify that those requirements continue to be met through the duration of the scholarship award agreement.
On July 24, 2018, Representatives Darin LaHood (R-IL) and Terri Sewell (D-AL) introduced the Workforce Development Through Post-Graduation Scholarships Act (H.R. 6486)—which would allow charitable foundations to administer post-graduation scholarship grant programs. The goal of this legislation is to combat “brain drain,” stimulate regional economic growth, and help address the growing student debt crisis. The Council engaged closely with the lead sponsors of this bill and their staff throughout the drafting process to ensure that this legislation embodied well-informed, carefully-written public policy to strengthen foundations’ ability to serve their communities.
"Post-graduation scholarships will provide a critical tool for communities to use to attract and retain needed talent for our workforce. Last year, Illinois had the largest out migration of any state in the union. It is imperative that we develop the tools to retain and attract a skilled and needed workforce to our communities. Post-graduation scholarships are a win-win, because not only do the recipients benefit, but so do our communities, our employers, and the people who call our communities home.”
-Joshua D. Gibb, President & CEO, Galesburg Community Foundation
The Council strongly supports allowing foundations to administer post-graduation scholarship programs through a measure like the Workforce Develpment Through Post-Graduation Scholarships Act (H.R. 6486).
More Information on the Workforce Development Through Post-Graduation Scholarships Act
- Council statement on the introduction of the Workforce Development Through Post Graduation Scholarships Act - July 25, 2018
- Joint-press release from Representatives Darin LaHood (R-IL) and Terri Sewell (D-AL) on the introduction of H.R. 6486 - July 24, 2018
- Council Letter to the House in Support of H.R. 6486 - July 25, 2018
- Frequently Asked Questions
- Legal Background on Scholarship Grantmaking by Foundations