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Anonymous Scholarship Fund for Students from Kefalonia & Larissa

Since its founding in 1875, The American College of Greece (ACG) has provided assistance to students who need help so that they can meet their educational expenses, thereby enabling students with demonstrated ability and promise to access a quality education, regardless of their financial circumstances. Over €3.8 million in need-based, merit-based scholarships, and financial aid have been awarded for Deree students for the academic year 2017–18. The College has expanded scholarship and financial support programs to ensure the affordability of an ACG education particularly in these challenging economic times.

The Financial Assistance Program at ACG provides various levels of financial assistance based on need and/or academic achievement. The governing philosophy of our program is grounded in our belief that lack of funds should never prevent academically talented students from receiving a quality education. Funding for financial assistance originates from the College’s own resources and from the generous contributions of donors.

The George Agorogiannis and Paraskevi Menegatou Parafestas Endowed Scholarship has been established by an anonymous donor from the United States, in honor of George Agorogiannis and Paraskevi Menegatou Parafestas. It is intended to provide financial assistance to undergraduate students of Deree with parents who reside in the Ionian island of Kefalonia and/or the greater city of Larissa in Thessaly.

About the Scholarship

The George Agorogiannis and Paraskevi Menegatou Parafestas Scholarship provides tuition reduction based on the annual spending policy set by the ACG Board of Trustees then calculated by the Business Office and reported to the Financial Assistance Office. It is awarded for one year, with the possibility of renewal for the same recipient provided he/she continues to meet the scholarship requirements.

Eligibility Requirements

In order to be considered, the applicant must:

  • Meet all entrance requirements for admission to the College and be a degree-seeking student
  • Have achieved a minimum Greek high school grade of 17.0 out of 20
  • First preference will be given to eligible applicants with parents who reside in the Ionian island of Kefalonia and/or the greater city of Larissa in Thessaly. If there are no eligible candidates from Kefalonia or Larissa, applicants from all the Ionian Islands and the Thessaly prefecture will be considered. If there are no eligible candidates from these areas, then candidates from any part of Greece will be considered.
  • Demonstrate financial need (taking into consideration both personal and family income as well as personal and family property and assets)
  • Show academic promise

To retain the scholarship, recipients must register for at least 2 courses (6 credit hours or more) per continuous semesters and maintain a Cumulative Index (CI) of 3.0 or better by the end of the first semester of study. This CI (or higher) must be maintained while receiving the award.


For more information, please click here or contact the Office of Financial Assistance and Planning at 210 600 9800 ext. 1305, 1306, 1327, or at [email protected].

To learn more about establishing your own fund at ACG, or contribute to any of the other existing funds, please visit or contact the Office of Advancement at 210 600 9800 ext. 1035, or 1239 or at [email protected].