“The mission of the Fashion Scholarship Fund is to advance the fashion industry by encouraging gifted and enterprising young people to pursue careers in design, merchandising, retailing and business, ensuring the industry will continue to attract dedicated, capable and creative individuals.” As the premier educational fashion non-profit in the United States, the YMA Fashion Scholarship Fund (FSF) seeks to identify and create career opportunities for young people worldwide. They grant the single largest sum of money and total number of scholarship in the entire fashion community, supplementing financial support for scholars, offering hands-on experience with the world’s top fashion companies and most influential leaders.”
As one of the YMA Fashion Scholarship Fund’s member schools, Indiana University students compete for scholarships by completing an intensive case and then competing on the national level for $5,000 scholarships and the opportunity to travel to New York for a gala and mentoring opportunities. In 2017, IU had 7 students win $5,000 each and one student who did the advanced Geoffrey Beene Scholarship won $30,000. Since 2005 Indiana University has had 53 students each win $5,000 (for over $250,000 in total) and hold the national honor of being a YMAFS Scholar.