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The application program will be available again in December. Please return then to view the updated Eligibility and Awards for the 2020-2021 academic year! If you are an applicant who would like to discover more scholarship opportunities you might qualify for, please continue to the Scholarship America Hub and sign up!

 

H.R. Young Graduate Scholarship Program
Application status: Closed

The H.R. Young Graduate Scholarship Program provides graduate school scholarships to (i) children of certain Goldman Sachs employees (as described below), (ii) the spouses (opposite or same-sex), civil partners, or domestic partners of certain Goldman Sachs employees and (iii) the children of certain Goldman Sachs employees’ spouses (opposite or same-sex), civil partners or domestic partners.

The partners of the firm established this program in 1981 in honor of H.R. Young, a limited partner with over 50 years of service with the firm, who was the former head of Securities Sales (a predecessor of the Equities Division) and a member of the Management Committee at the time of his retirement.

All phases of the scholarship competition, including selection of recipients, are administered by Scholarship America.

In addition to the H.R. Young Graduate Scholarship Program specific to Goldman Sachs, the Scholarship America Hub can provide you access to additional external scholarship programs you may be interested in. Please note that these programs are not endorsed, nor sponsored by the firm.

Applicants to theĀ H.R. Young Graduate Scholarship Program must be:

  1. The scholarship applicant must be one of the following: (i) the child* of a Goldman Sachs employee, (ii) the spouse, civil partner or domestic partner of a Goldman Sachs employee or (iii) a child* of the Goldman Sachs employee’s spouse, civil partner or domestic partner. The Goldman Sachs employee must: (i) have been employed for at least one year by 1 January of the application year, (ii) be an employee scheduled to work at least 20 hours per week at the time the scholarship is awarded, and (iii) not be a Participating Managing Director (PMD);
    *Child for the purpose of determining eligibility means “child” determined under section 152(f)(1) of the Internal Revenue code and includes:

    • A legally adopted individual;
    • An individual for whom you (or a spouse or Domestic Partner) have been awarded custody pursuant to a custody or guardianship award issued by a court or competent jurisdiction;
    • An individual who is lawfully placed for legal adoption;
    • An eligible foster child (i.e., individual who is placed with you (or your spouse or Domestic Partner) by an authorized placement or by judgement, decree or other order of any court of competent jurisdiction);
  2. The scholarship applicant must be either:
    • Entering a graduate college or university as a full-time student no later than the start of the next academic year; or
    • A graduate college or university student in good standing at the institution presently enrolled who will continue at a
      graduate college or university as a full-time student at the start of the next academic year.
  3. The scholarship applicant must not be an employee of Goldman Sachs or another investment bank or other institution
    providing competitive services at the time of either application or award.

In addition to meeting the application eligibility requirements above, the following requirements must be met at the time the scholarship is awarded:

  1. The Goldman Sachs employee must: (i) be an employee scheduled to work at least 20 hours per week, and (ii) not be a Participating Managing Director (PMD); and,
  2. The scholarship applicant must not be an employee of Goldman Sachs or another investment bank or other institution providing competitive services at the time of either application or award.

 

Up to five (5) new annual awards of $7,500 each will be granted.

The total number of awards will be based on the number and quality of applications received. Awards may be renewed for up to two additional years or until a graduate degree is earned, whichever occurs first. Renewal is contingent upon satisfactory academic performance and progress. An employee’s termination of employment does not affect award renewal.

Awards are for graduate study only.

Notification

Applicants will be notified in late March.

Each scholarship award will become effective in the fall or as soon thereafter when the recipient is enrolled in graduate school. Not all applicants to the program will be selected as recipients. Students who apply for an award and is not selected as a recipient may reapply to the program each year he/she meets the eligibility requirements.

Payment of Scholarships

Payments are made in early August.

Scholarship America processes scholarship payments on behalf of The Goldman Sachs Foundation. Checks are made payable to the institution for the student’s account to be used for tuition, fees and books.

Scholarship recipients are selected on the basis of:

  • Academic performance record
  • Graduate school entrance examination scores
  • Demonstrated leadership and participation in school and community activities
  • Honors
  • Work experience
  • Statement of career and educational goals and objectives
  • Unusual personal or family circumstances
  • Outside appraisal

Financial need will not be considered.

Scholarships are conditioned upon the student’s continued enrollment.

Selection of recipients is made by Scholarship America. In no instance does any officer or employee of The Goldman Sachs Foundation play a part in the selection. All applicants agree to accept the decision as final.

Revisions
The Goldman Sachs Foundation reserves the right to review the conditions and procedures of this scholarship program and to make changes at any time including termination of the program.

 

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

  • A current, complete transcript of grades. Grade reports are not accepted. Transcripts must display the student name, school name, grades and credit hours for each course, as well as the term in which each course was taken.
  • A copy of the appropriate graduate school examination results. (If the examination has not been taken, register for and take the appropriate graduate school examination (if required by your graduate school) no later than January of 2020. Forward an original report of the results as soon as they are received.)

Also as part of your application, one online recommendation form must be submitted on your behalf.

Your application is not complete unless all required documents are submitted electronically.

Questions? Contact us:

Email: hryoungscholarship@scholarshipamerica.org
Phone: 507-931-1682 and ask for the H.R. Young Graduate Scholarship Program

Questions regarding the scholarship program should be addressed to:

H.R. Young Graduate Scholarship Program
Scholarship America
One Scholarship Way
Saint Peter, MN 56082

Goldman Sachs has partnered with Scholarship America. Selecting the button below will redirect you the Scholarship America Student Hub!