Bank of the Marshall Islands

Purpose of Scholarship The BOMISF provides financial assistance for tuition of public elementary and high school students with outstanding academic performance who wish to attend private schools. It also supports the College of the Marshall Islands Endowment Fund and RMI Scholarship recipients majoring in business studies (economics, business administration, banking, accounting, financial management) at tertiary institutions.

Eligibility — Private School Students Must have passed the entrance exam at the intended private school. For Majuro: Baptist Academy, COOP, or Assumption School. For Ebeye: GEM Private School, Jabro Private School, or Father Hacker School. Requires an excellent reference letter from a former teacher and principal, strong family support, and an outstanding attendance record. Minimum GPA of 3.5 or highest entrance exam score.

Eligibility — Public School Students Minimum GPA of 3.0. Recommendation letter from the school confirming good academic standing. Outstanding attendance record. From a low-income family with aggregate household income not exceeding $10,000 (or higher where there are additional dependents).

Application Process Applications are collected from a BOMI-designated BOMISF officer and must be submitted before the end of July each year. Required documents: birth certificate, reference letters from teacher and principal, report card with attendance record, entrance exam results, and a completed application form signed by the student and parents.

Quarterly Monitoring The designated BOMISF officer coordinates and receives quarterly academic progress reports from private school principals and teachers. Reports must include the report card, attendance, a progress report, and a recommendation letter. Continuity of annual funding depends on timely submission of these reports each semester.