WHAT IS GAP FUNDING?
The Monroe Foundation specializes in ‘gap funding’.
Educational research studies have highlighted that many students are unable to begin or complete their educational studies for lack of smaller amounts of balances that remain after all other sources of funding have been exhausted.
Rather than providing full scholarships, the Foundation seeks to ‘fill the gap’ after all sources of tuition funding have been exhausted – including financial aid and grants, veteran aid, personal resources, and loans. Average grants per semester range from $1,000 to $5,000 and often are the difference between a student continuing with his/her studies or having to withdraw from classes and discontinue their education. Academic performance is reviewed at the conclusion of each semester in order to determine eligibility for continued funding.