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The application program will be available again in April, 2020. Please return then to view the updated Eligibility and Awards for the upcoming 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!

The Dependent Scholarship Program
Application status: Closed

Nevada Gold Mines, LLC has 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 United States two- 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 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 or plan to be enrolled in a full-time undergraduate degree program at an accredited United States two-year, four-year or vocational-technical educational institution for the entire upcoming semester.
  • Maintain full-time enrollment (12 credits or more per semester/term or equivalent) and maintain a minimum 2.5 grade point average (GPA) (or equivalent) during the semester prior to scholarship funding.

*Dependent is defined as child (including an adopted child, a stepchild or a child for whom the employee is the permanent legal guardian) of a permanent full-time, active employee of the Company. The child must also be unmarried, under the age of 26, and not a full-time employee themselves.

**Current high school seniors are only eligible to apply in cycle 1 of the program. For example: if applying for fall semester 2020, students must have completed high school or obtain a GED by June 30, 2020. High school seniors will need to submit their applications by May 1 to be included in the local newspaper publication and award ceremonies.

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 what type of college is being attended, as follows:

  • Vocational/Technical Degree/Certificate: $2,000 per academic year ($1,000 per semester)
  • Associate Degree: $2,000 per academic year ($1,000 per semester)
  • Bachelor Degree: $6,000 per academic year ($3,000 per semester)

Financial need is not considered.

Students must reapply each semester they meet the eligibility requirements. Students may receive education assistance a maximum of five years or until a bachelor degree is earned, whichever occurs first.

If both parents work for Nevada Gold 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 incurred directly from the college.

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

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 in July. Successful applicants will have met all eligibility requirements.

Payment of Scholarships

Scholarship America processes scholarship payments on behalf of Nevada Gold Mines, LLC. Payments are made in early August for the fall semester and in the spring for the spring semester. Students must reapply each semester they meet the eligibility requirements. Payments are made payable to the educational institution.

Tax Treatment

Awards are taxable income to the student and will be reported on IRS Form 1099. For this purpose, recipients are required to provide a complete Form W9 when they accept the award. To understand the tax liability, students are encouraged to contact a financial advisor 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 and credit hours for each course and term in which each course was taken.

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

*High school seniors applying in cycle 1 can submit an incomplete high school transcript. A complete transcript may be requested by Scholarship America at a later date.

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