Susan Thompson Buffett Foundation Scholarships

$200–$5,500Award Amount
1Number of Awards
2/1/2023Submission Deadline

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The Buffett Foundation was created by Warren Buffett in 1964. It has been supporting college students with financial need for over 50 years. It was renamed the Susan Thompson Buffett Foundation in honor of his wife.

The scholarship awards from $200 to $5,900 per term to first-time college freshmen. This scholarship program is awarded on a competitive basis to those entering college who live in Nebraska, graduated from a Nebraska high school (or GED) with plans to attend a Nebraska public college, and demonstrate financial need. The number of awards is limited depending on academic excellence and financial need.

The amount varies based on each institution. Applicants should have a minimum GPA of 2.0 and an Expected Family Contribution (EFC) of less than $10,000. Applicants are to submit a Student Aid Report (SAR), a high school transcript, and a recommendation letter. The EFC can be obtained from the SAR. When selected, the award money will be disbursed by the Financial Aid Office at the beginning of each term.

Key Information of Susan Thompson Buffett Foundation Scholarships

Study Details

Area of Study


Country of Study

United States

Specific Schools

  • Central Community College
  • Little Priest Tribal College
  • Metropolitan Community College
  • Mid-Plains Community College
  • Nebraska Indian Community College
  • Northeast Community College
  • Southeast Community College
  • Western Nebraska Community College
  • Chadron State College
  • Peru State College
  • Wayne State College
  • Nebraska College of Technical Agriculture
  • University of Nebraska, Lincoln
  • University of Nebraska Omaha
  • University of Nebraska, Kearney
  • University of Nebraska Medical Center

Scholarship Details

Intended Level of Study


Award Amount


Number of Awards


Susan Thompson Buffett Foundation Scholarships Timeline

November 2022

Application Opening Date

Applications open on November 1.

February 2023

Submission Deadline

The submission deadline is on February 1.

May 2023

Awards Announcement Date

Winners are announced in May.

Scholarship Eligibility

To be eligible to apply, applicants must meet the following criteria.

  • Eligible Grade: High School Graduate
  • Maximum Age: Any
  • Required GPA: 2
  • Geographic Eligibility: Nebraska
  • Gender: Any
  • Race/Ethnicity: Any

Application Requirements

Here’s what you need to submits besides your application.

  • Grade transcript
  • Recommendation letters
  • Short Answers
  • Financial Information

How to ace the Susan Thompson Buffett Foundation Scholarships


File your FAFSA early

FAFSA is an important aspect of all scholarship applications. Its application opens in October so you can file it even before the Susan T. B. Scholarship opens. You can find all information and resources on how to file it at Remember to gather all required documents and details beforehand to have a smooth application process.


Select your recommender carefully

Select a recommender who knows you well and has worked with or supervised you closely. This could be a teacher, mentor, pastor, school administrator, or coach. Inquire whether they can write the letter on your behalf. You want to give your recommender ample time to write it, so make sure you add their details into your application early.


Review your short answers

Short answer prompts are great since you don’t have to write a long essay. However, this means you should pay even more attention to them. Double and triple-check your writing to ensure there are no spelling mistakes. Since you also have a maximum word limit of 250, ensure that your writing is indeed short, sweet, and comprehensive.


Seek feedback

Ask a few friends or family members to go through your writing and perhaps the entire application. They will be able to pick up on any errors you may have missed. Remember to incorporate the feedback received.

How the Susan Thompson Buffett Foundation Scholarships is Judged

Applicants are judged based on financial need, academic merit, and recommendations.

Why We Love the Susan Thompson Buffett Foundation Scholarships


Undocumented and DACA students can apply

The scholarship supports undocumented and DACA students in their pursuit of higher education.


It is renewable

The scholarship is renewable for up to five years as long as students meet the minimum academic requirements.


It supports flexible learning programs

Students studying in flexible programs such as quarter-time, half-time, or three-quarter-time can apply for the scholarship.

5 Facts About Susan Thompson Buffett Scholarship


It also applies to summer courses

The scholarship can be used for summer courses.


It supports 16 institutions

The scholarship can be used at eight public community colleges, three state colleges, and five universities in Nebraska.


It’s usable on any school-related expenses

The scholarship amount can be used on tuition, books, room and board, transport, and personal expenses.


It is usable on study abroad programs

The scholarship can be used for study abroad and exchange programs.


It can be put on hold

If for any reason a student is unable to attend a semester, (s)he can apply to put the scholarship on hold.

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