Scholarship Fund Information
- Fact Sheet: Cobell Education Scholarship Fund and Nominations to the Board of Trustees
The American Indian College Fund will be administering the scholarship fund that was created by the $3.4 billion Cobell trust fund settlement. The Settlement authorizes up to $60 million in scholarships for Indian students. The money can be used at tribal colleges, vocational institutions and at public and private universities. A portion of the annual scholarships, 20 percent, can be used for graduate studies. The American Indian Graduate Center will be awarding those scholarships. The settlement requires a board of trustees to oversee the scholarship fund. The Interior Department and the Cobell plaintiffs will each choose two members. The American Indian College Fund will choose one member.