$2,500 ($1,250 per semester) is allocated to each Bonner Scholar during the school year as a replacement for college work-study earnings, provided the student completes their service hour requirements. These funds support indirect costs such as books, transportation and personal expense or may be applied directly to the student’s tuition.
$1,500 is provided to each Bonner entering their sophomore, junior or senior year as an earning stipend after fulfilling the previous summer’s 280-hour service requirement. The $1,500 is subtracted from the tuition bill for the following school year. Two summers of service are required.
The foundation provides $1,000 in the first and sophomore years and $500 in the junior year for summer living and travel expenses. This money can be spent each summer of service or pooled for one summer. It is allocated based on the calculated needs of each student’s estimated living expense budget.
At the time of graduation, each Bonner Scholar is eligible to draw $2,000 from the Loan Reduction Fund to be used for the sole purpose of reducing total loan indebtedness incurred while at Guilford.
Students can complete their Bonner requirements while simultaneously serving a two-year part-time AmeriCorps term of 900 hours for an education award of $2775 to repay loans or pay graduate school tuition. Students may also complete 450 hours for $1,468 or 300 hours for $1,175. AmeriCorps is open to U.S. citizens or nationals, and service must be done in the United States.