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Scholarships

Nearly all incoming freshmen students receive an institutional commitment in the form of an award or scholarship from the University of St. Thomas.

Students walk past the McNeely statue

The scholarship opportunities listed here are available to students in the Opus College of Business. For more information about additional scholarships and financial aid, visit the Financial Aid Office.

Schulze Innovation Scholarship

These competitive scholarships are awarded by the Schulze School of Entrepreneurship to applicants with proven entrepreneurship potential who intend to major in business with an entrepreneurship concentration. Multiple four-year, full-tuition scholarships will be awarded each year to qualified candidates.

Eligibility:

  • Prospective freshmen who have applied to St. Thomas
  • Intend to major in business with a concentration in entrepreneurship
  • Cumulative high school GPA of 3.0 or higher
  • Composite ACT of at least 27 or SAT of at least 1280

Eligible students must complete an application by January 3, 2019 and be invited to attend the Schulze Innovation Program Test Day held on February 23, 2019. Scholarship recipients are notified in March 2019.

Scholarship details

GHR Fellows Program

The GHR Fellows program is a highly competitive, transformational undergraduate experience for students pursuing business degrees. Fellows receive full-tuition scholarships to the University of St. Thomas and customized programming designed to deliver leadership experiences – including global exposure through a fully funded J-Term study abroad experience.

Eligibility: 

  • Prospective freshmen who have applied to St. Thomas
  • Intend to major in business
  • Cumulative high school GPA of at least 3.7
  • Composite ACT of at least 28 or SAT of at least 1310
  • Embody the mission and values of the University of St. Thomas
  • Model the values of GHR by demonstrating that you are ethical, innovative, globally aware and engaged in your community

Eligible students must complete an application by January 3, 2019 and be invited to attend the GHR Fellows Program Test Day held on February 23, 2019. Scholarship recipients are notified in March 2019.

Scholarship details

Fauth Business Scholarship

Available to prospective first-year business students who have applied to St. Thomas and who intend to major in business, the Fauth Business Scholarship awards $10,000 to four deserving recipients each year.

  • Prospective first-year students who have applied to St. Thomas
  • Intend to major in business
  • Cumulative high school GPA of at least 3.5
  • Composite ACT of at least 26 or SAT of at least 1240

Eligible students must complete an application and be invited to attend the Fauth Business Scholarship Test Day held on Feb. 23, 2019. The four scholarship recipients will be notified in March 2019.

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Willis Drake Young Entrepreneurship Scholarship

Awarded each year to incoming first-year students planning to major in the entrepreneurship program, the Willis Drake Young Entrepreneurship Scholarship recognizes up to four incoming first-year students who demonstrate outstanding entrepreneurial potential and intend to major in Business with a concentration in Entrepreneurship.

The donor of the Young Entrepreneur Award believes that successful entrepreneurs are recognized for being hardworking, responsible, goal-oriented, creative, skillful leaders, good citizens, good students, achievers, and people who enjoy a job well done.

Scholarship details

Association of Finance Professionals: $3,000

Awarded to a student majoring in finance with a GPA of 3.25 or higher and an interest in a career in treasury or the financial management field. Qualified applicants of junior standing will be invited to apply in the spring of their junior year. The scholarship is applied to the awarded student’s senior year.

Accounting Department Scholarships

The Accounting Department awards merit-based scholarships funded by corporations, public accounting firms, the Minnesota Society of Certified Public Accountants and private donors, as well as two scholarships which honor the memory of two accounting faculty: Frank J. Coglitore, whose specialty was auditing, and Patrick McGowan, who taught tax accounting. While the scholarships are merit-based and competitive, the only requirements are a declared accounting major by March, and junior or senior standing by the upcoming fall semester. 

Accounting students may also wish to investigate the scholarships offered by the Minnesota Association of Public Accountants (MAPA).

Applications for Accounting Department Scholarships are sent to accounting students each spring for awards the following year. 

Pentair Scholarship for Entrepreneurship

This scholarship recognizes one outstanding student-entrepreneur in the entrepreneurship program; the recipient embodies the highest characteristics of a St. Thomas student and an entrepreneur. Students who will be juniors or seniors are eligible, with the scholarship awarded during the students’ senior year.

  • Students who will be juniors or seniors after the current academic year are eligible. (Seniors graduating in May of this academic year are not eligible.)
  • Must be a declared major in entrepreneurship.
  • The criteria for the award are creativity, initiative and success. The applicant should provide evidence that he or she, through his or own creative initiative, started or operated a business while a student at St. Thomas.
  • The activity should be one in which the student recognized a special opportunity, acquired the necessary resources and followed through on the implementation.
  • Applications will be reviewed and recipients chosen by a committee of the entrepreneurship faculty.

Murray and Ruth Harpole Scholarship

Funded by gifts from Mr. and Mrs. Murray Harpole; Mr. Harpole was one of the founders of and served as CEO of the Pentair Corporation.

  • Students who will be juniors or seniors after the current academic year are eligible. (Seniors graduating in May of the current academic year are not eligible.)
  • The scholarship requires that student is qualified for need-based financial aid.
  • Minimum GPA of 2.5 required.
  • Involvement in Entrepreneurial Society will be important consideration.
  • Must be a declared major in entrepreneurship.
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