Applicants to The Dependent Scholarship Program must meet the following criteria:

• Be a dependent* child, unmarried and under the age of 26, of a permanent full-time, active employee of Nevada Gold Mine LLC or Barrick Gold of North America, Inc. at the time of employment verification.
  ** Dependent is defined as a child, including an adopted child, stepchild, or child for whom the employee is the permanent legal guardian.
• Be a graduating high school senior or a high school graduate, a recipient of a General Education Diploma (GED), or a current undergraduate enrolled in a full-time (12 credits or more per semester/term or equivalent) course of study at an accredited two- or four-year college/university or vocational-technical school. (US and international schools accepted.)
• Current undergraduates must have earned at least 12 credits and a 2.5 GPA on a 4.0 scale (or equivalent) in the semester prior to funding.

Award Information and Selection Criteria

Education assistance awards will be granted to all students who meet the eligibility requirements.

Award amounts will be granted based on the type of college the student is attending:

Financial need is not considered.

Students may receive education assistance a maximum of five years or until a bachelor’s degree is earned, whichever occurs first.

If both parents work for Nevada Gold Mines LLC and/or Barrick Gold of North America, Inc., the applicant may receive only the maximum award amount per year.

Awards can be used for any education-related expenses. Once tuition, fees and other on-campus expenses have been met, additional funds may be released to the student for other education-related expenses.

Awards are for undergraduate study only.

Obligations

Recipients are required to supply Scholarship America with complete transcripts, when requested, and to notify Scholarship America of any changes of address, school enrollment or other relevant information.

Notification

Applicants will be notified by email in January. Successful applicants will have met all eligibility requirements.

Applicants must consent for their data to be shared with the program sponsor and used for purposes of research on the impact of scholarship.

Payment of Scholarships

Payments are made in January after Sponsor verification of parental employment. Scholarship America and Nevada Gold Mines LLC  cannot guarantee that checks will be received by tuition deadlines. Should deadlines occur prior to receiving the scholarship payment, students should submit their notification email from Scholarship America to their school as proof of a forthcoming award.

Payments are made payable to the educational institution and mailed to the student’s address as it appears on their application. Students are responsible for notifying Scholarship America if their mailing address is different than that on their application.

Students must reapply each academic year they meet eligibility requirements.

Tax Treatment

Awards are taxable income to employees of Nevada Gold Mines LLC and Barrick Gold of North America whose dependent children receive a scholarship award. Taxes will be applied to a paycheck of the Nevada Gold Mines LLC or Barrick Gold of North America employee. To understand tax liability, recipients are encouraged to contact a financial advisor or tax professional at their own cost.