Like many large companies, Bank of America has created scholarships to help students afford college. These scholarships were created to help students who show strong academic promise and financial need, with a scholarship in order to reduce the cost of obtaining a college education. Check out the scholarships below, which are supported by BOA.
Bank of America Joe Martin Scholarship: This scholarship aims to support associates’ children attend a college or postsecondary institution of their choice. In order to be eligible for this scholarship, the student must have a parent who works at BOA. Students who have a parent who has retired, become disabled, or who has perished, but who used to work at BOA, are also eligible for this scholarship.
In order to be considered for this award, each applicant is judged based on a number of criteria. The first is the applicant’s leadership potential and past leadership experiences. The second criterion is the student’s involvement in extracurricular activities. In addition, students are evaluated based on their demonstrated level of financial need. Fourthly, students are evaluated based on their involvement within the community. Last, but not least, each applicant is chosen based on their previous academic excellence. Students who are chosen to receive this scholarship receive an award worth $2,500. As long as the applicant remains in good standing and maintains eligibility, this award can be renewed up to three times.
Students must meet a number of eligibility criteria in order to apply for this scholarship. The first is that the applicant has recently graduated from high school or is currently in their final year of high school. Each applicant must be younger than 23 years of age. Students must plan to enroll in a 2-year or 4-year college or university to pursue an undergraduate degree, after their high school graduation. Lastly, only students who are making good progress towards their degree will be considered for funding.
Other BOA Partner Scholarships: In addition to the Joe Martin Scholarship program, described above, BOA also partners with other funding organizations to support students who are not children of employees. For example, BOA has partnered with the National Hispanic Scholarship Fund, The United Negro College Fund, and the Native American Scholarship Fund in order to contribute financial support to students from minority backgrounds, who show financial need. Many of these scholarships are aimed at increasing the number of minority students who enter one of the STEM fields. As such, BOA donates over $1 million each year to help these organizations reach their goal. Each of these scholarships has varying eligibility criteria and the scholarships range widely in value. For the Hispanic Scholarship Fund, the majority of scholarships awarded range in value from $500 to $5,000.
Applicants who are interested in obtaining additional information at the Bank of America Scholarships can find additional information on this website. In addition to supporting the education goals of students, BOA also provides scholarships to nonprofits and other charitable organizations.