This paper describes the implementation of a STEM scholarship program which utilized a holistic approach to providing a multi-dimensional student support system. The program has been successful in encouraging and supporting women in Applied Mathematics and Computer Science by offering a diverse suite of extracurricular opportunities, actively engaging them in organized events, research projects, and participation in STEM communities, and helping them achieve higher GPAs and shorter times to graduation. The supported women also benefitted from close mentoring relationships with the faculty mentors. The program emphasized the development of empowering settings for women's engagement and achievement, which act to sustain and expand interest in mathematics and computing, and thereby help them to see themselves as future professionals in the field.