Tools commonly used in the Educational Scholarship Plans industry for day-to-day tasks and operations.

• Scholarship management software
• Financial aid management software
• Online application systems
• Scholarship search engines
• Donor management software
• Payment processing software
• Data analytics tools
• Email marketing software
• Social media management tools
• Customer relationship management (CRM) software

Common products and services typical of NAICS Code 813211-02, illustrating the main business activities and contributions to the market.

• Merit-based scholarships
• Need-based scholarships
• Athletic scholarships
• Minority scholarships
• Women's scholarships
• First-generation scholarships
• Career-specific scholarships
• Community service scholarships
• Study abroad scholarships
• Graduate school scholarships

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

• 501(C)(3) Tax-Exempt Status: Educational Scholarship Plans must obtain 501(c)(3) tax-exempt status from the Internal Revenue Service (IRS) to be eligible for tax-deductible donations. This status is granted to organizations that are organized and operated exclusively for religious, charitable, scientific, literary, or educational purposes. The IRS provides detailed information on how to apply for this status on their website:
• State Charitable Solicitation Registration: Educational Scholarship Plans must register with the state in which they operate to solicit charitable donations. Each state has its own requirements, but most require an annual registration and fee. The National Council of Nonprofits provides a helpful resource on state charitable solicitation registration requirements:
• Financial Aid Administrator (FAA) Certification: Educational Scholarship Plans that administer federal financial aid must have at least one FAA who is certified by the National Association of Student Financial Aid Administrators (NASFAA). This certification ensures that the FAA has the knowledge and skills necessary to administer federal financial aid programs. More information on FAA certification can be found on the NASFAA website:
• FAFSA Completion Assistance: Educational Scholarship Plans that assist students with completing the Free Application for Federal Student Aid (FAFSA) must be trained and certified by the National College Access Network (NCAN). This certification ensures that the organization is providing accurate and up-to-date information to students and families. More information on FAFSA completion assistance certification can be found on the NCAN website:
• Scholarship Management Software Certification: Educational Scholarship Plans that use scholarship management software must ensure that the software is certified by the National Scholarship Providers Association (NSPA). This certification ensures that the software meets industry standards for security, data privacy, and functionality. More information on scholarship management software certification can be found on the NSPA website:

A concise historical narrative of NAICS Code 813211-02 covering global milestones and recent developments within the United States.

• The Educational Scholarship Plans industry has a long history of providing financial assistance to students in need. The first scholarship program was established in 1643 by Harvard University, which offered scholarships to students who could not afford tuition. In the 20th century, the industry saw significant growth due to the GI Bill, which provided educational benefits to veterans returning from World War II. The industry continued to expand in the 1960s with the creation of the National Merit Scholarship Program and the Pell Grant program. In recent years, the industry has faced challenges due to rising tuition costs and increased competition for funding. However, technological advancements have made it easier for students to find and apply for scholarships online, and many organizations have begun to offer scholarships specifically for underrepresented groups, such as women and minorities. In the United States, the Educational Scholarship Plans industry has seen significant growth in recent years. According to a report by the National Center for Education Statistics, the percentage of undergraduate students receiving financial aid increased from 75% in 2007-2008 to 85% in 2017-2018. This growth can be attributed to a number of factors, including rising tuition costs, increased awareness of the importance of higher education, and the availability of online scholarship databases. In addition, many organizations have begun to offer scholarships specifically for students pursuing degrees in high-demand fields, such as STEM and healthcare. Despite these positive trends, the industry continues to face challenges, including limited funding and increased competition for scholarships.

The anticipated future trajectory of the NAICS 813211-02 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

• Growth Prediction: Stable

  The educational scholarship plans industry is expected to grow in the coming years due to the increasing demand for higher education and the rising cost of tuition fees. The industry is also expected to benefit from the growing number of students seeking financial aid to pursue their education. Additionally, the industry is likely to see an increase in demand for scholarships and grants due to the economic impact of the COVID-19 pandemic. However, the industry may face challenges due to the uncertainty of government funding and the increasing competition from other financial aid providers. Overall, the industry is expected to continue to grow in the coming years, albeit at a slower pace than in the past.

Recent groundbreaking advancements and milestones in the Educational Scholarship Plans industry, reflecting notable innovations that have reshaped its landscape.

• The Rise Of Online Scholarship Platforms: Online scholarship platforms have made it easier for students to find and apply for scholarships. These platforms use algorithms to match students with scholarships that fit their profile, making the process more efficient and effective.
• The Use Of Blockchain Technology: Some scholarship providers are using blockchain technology to create a more transparent and secure scholarship application process. This technology allows for the creation of tamper-proof records that can be easily verified, reducing the risk of fraud and increasing trust in the scholarship process.
• The Growth Of Micro-Scholarships: Micro-scholarships are small amounts of money that students can earn for completing specific tasks, such as getting good grades or participating in extracurricular activities. These scholarships are becoming more popular as they provide students with a way to earn money for college without having to write essays or fill out lengthy applications.
• The Expansion Of Employer-Sponsored Scholarships: More and more employers are offering scholarships to their employees or the children of their employees as a way to attract and retain talent. These scholarships can cover a portion or all of the cost of tuition, making it easier for employees to pursue higher education.
• The Use Of Data Analytics: Scholarship providers are using data analytics to identify trends and patterns in scholarship applications, making it easier to identify the most deserving candidates. This technology can also be used to track the success of scholarship recipients, providing valuable insights into the effectiveness of different scholarship programs.