Scholarship Guidelines

To offer a scholarship for your yoga program, it's essential to define clear criteria for eligibility, mainly if you aim to support individuals or families with specific financial needs. Here’s a guideline for setting criteria and determining the total household income:

Scholarship Criteria Guidelines

Household Income Limit

Establish a maximum income threshold based on your community's cost of living and the typical income levels of your target audience. This could be a percentage of the area’s median income or a fixed amount.

Application Process

Set up an application process where individuals can apply for the scholarship by filling out a form detailing their financial situation and reasons for seeking support.

Financial Need

Applicants must demonstrate financial need through documentation such as recent tax returns, pay stubs, or other proof of income.

Review Committee

Form a committee to review applications and ensure fairness and transparency in awarding scholarships.

Program Engagement

Define the commitment expected from scholarship recipients, such as attending several classes or participating in community events.

Scholarship Amount

Determine the scholarship amount based on the program’s costs and available funds. You can offer full or partial scholarships depending on the applicant’s needs and available funds

Example

Household Income Limit: Up to 150% of the median income for the area.
Documentation Required: Recent tax returns or income verification.
Commitment: Attend at least 80% of the scheduled classes.
Application Deadline: Specify a deadline for applications.

These criteria will help ensure that the scholarships are awarded to those who genuinely need them and are aligned with your organization’s mission.