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The Dependent Scholarship Program
Deadline to apply: July 1, 2022 4:00 pm CT

High School Senior Recognition Deadline: May 11, 2022

NEW! Students are required to apply once for the entire 2022-2023 academic year. Successful applicants will receive half of their funding in August for fall 2022 and half in January for spring 2023.

 

Nevada Gold Mines LLC established a program to assist the children of Nevada Gold Mines LLC or Barrick Gold of North America employees who are planning to pursue higher education at a two-year or four-year college or university or vocational-technical school.

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, sexual orientation, gender, disability or national origin.

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

  • Be dependent* children, under the age of 26 at the application deadline and unmarried, of Nevada Gold Mines LLC or Barrick Gold of North America, Inc. employees.
  • Be completing high school or have obtained a General Education Diploma (GED) before the end of the current school year, be a high school graduate or be a current undergraduate student.
  • Be enrolled in a full-time (12 earned credits or more per semester/term, or the equivalent) undergraduate degree program at an accredited two-year, four-year or vocational-technical educational institution for the entire upcoming academic year.
  • Complete full-time credit (12 earned credits or more per semester/term, or the equivalent) and a minimum GPA of 2.5 on a 4.0 scale or equivalent during the academic year prior to scholarship funding.

*Dependent is defined as child, including an adopted child, stepchild, or child for whom the employee is the permanent legal guardian. Applicant must not be a full time employee of Nevada Gold Mines LLC or Barrick Gold of North America Inc.

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 degree pursued:

Academic Program Type Award Amount
Vocational/Technical Degree/Certificate $2,000 per academic year
Associate’s Degree $2,000 per academic year
Bachelor’s Degree $6,000 per academic year

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., only one (1) award will be granted per student.

Awards are for undergraduate study only.

Awards can be used for any education-related expenses.

Additional monies will not be granted for the pursuit of additional classes undertaken during optional “winter,” “summer,” or other semesters. In no case will the total amount of the scholarship exceed the amounts listed above per academic year.

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 July. 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 two installments (early August and 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.

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

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

Transcript must include all of your classes and grades for the 2021-2022 academic year.

Your application is not complete unless all required documents are submitted electronically through the Scholarship America Student Hub.

You will receive an email confirming your application has been received. If Scholarship America requires additional information/documents, you will receive a follow up email. Be sure to respond to any requests for information promptly. Failure to respond to information requests in a timely manner may prevent you from receiving an award.

Nevada Gold Mines LLC has partnered with Scholarship America. Select the button below to be directed to the Scholarship America Student Hub!