U.S. Bank Student Scholarship Program 2022 (UPDATED)

The U.S. Bank Student Scholarship Program is a program that rewards applicants for learning important topics about financing. So as to encourage high school students and undergraduates to build a strong financial foundation and develop healthy habits, the Scholarship Board is inviting interested qualified applicants for the U.S. Bank Student Scholarship Program.

Every year, two candidates are selected to receive the awards: the overall winner receiving the First Prize Scholarship and the runner-up receiving the Second Prize Scholarship. The winners of the U.S. Bank Student Scholarship Program receive up to $14,000 in scholarships toward their undergraduate program.

To give room for more applicants to win the award, the U.S. Bank Student Scholarship Program rolls over the applications of candidates who fall short of the mark for the scholarship. This way, they have great use for the knowledge they have accrued and they stand a chance to win the Entry Period 2.

The U.S. Bank Student Scholarship Program is an opportunity and a learning avenue for qualified students who hope to learn about financing. The program ensures the applicants get the necessary knowledge about financing through the lessons that are held.

Should you be interested in applying for the U.S. Bank Student Scholarship Program, you will find the necessary information you need comprehensively explained in this article.

U.S. BANK STUDENT SCHOLARSHIP PROGRAM: WHAT IS IT ABOUT?

As a program open to citizens of the United States across its fifty (50) states, the U.S. Bank Student Scholarship Program is open to candidates who are above the age of 16 – that is 17 years and above, it presents an opportunity for undergraduate students who are enrolled in two-year or four-year programs in the university.

The Program was founded on the belief that by providing an incentive for students to learn about topics like managing student loans and creating a budget, they set them in a better place for the future. The progress of applicants with the lessons determines how much they get from the scholarship: students who complete 6 -11 hours of lecture get $4,000, those who complete between 12 – 19 get $10,000, and candidates who complete more than 20 lessons get as much as $14,000.

The U.S. Bank Student Scholarship Program is currently open to students who are eligible – that is students who are citizens of the United States and meet some other requirements that are specified later on in this article. Because financial education is the key to an individual’s independence, applicants get more from the scholarship than just the money.

The U.S. Bank Scholarship Program is open to high school students and students who are currently enrolled in an eligible two or four-year college/university in the US. The U.S. Bank Scholarship gives a no-essay opportunity to get rewarded for learning about important topics.

 

WHO RUNS THE U.S. BANK STUDENT SCHOLARSHIP?

U.S. Bank Student Scholarship Program is sponsored by the US Bank. Since the inception of the body in 1863 when Abraham Lincoln’s administration signed their national bank charter No. 24, they have drawn its financial strength and focus to serve customers.

The US Bank is quite a philanthropic company as seen during the COVID-19 pandemic with a premium payment of $20 million for their employees, for relief, and for 108,000 Small Business Administration PPP (Paycheck Protection Program). According to the Harris Poll, the bank was named the most essential bank during the pandemic. The bank has branches in as many as twenty (26) states across the country.

The company is led by Andy Cecere and guided by a 14-member Managing Committee.

 

FIELD OF STUDY

The fund from the U.S. Bank Student Scholarship can be used for any course of study. The program was founded to give American citizens the right knowledge and mindset about their finances; Hence, it is open to students from all fields.

 

ELIGIBLE NATIONALITY

The U.S. Bank Student Scholarship is open only to citizens of the United States from across its 50 states. International candidates cannot apply for this scholarship. Should you be an immigrant and you are legally cleared to reside in the United States, you can also apply for the scholarship.

 

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BASIC REQUIREMENTS

To partake in the learning process and the subsequent examination for the scholarship, you must meet some requirements beforehand and these include all of the following.

  • You must be a legal resident of the United States.
  • You must be at least 17 years before you can apply for this scholarship.
  • Be accepted or enrolled for an undergraduate program at the university before September 1, 2023.
  • Average at least 6 credit hours per semester.
  • Be enrolled in a two- or four-year program. This excludes trade schools and vocational schools.
  • Submit the application before October 30, 2022.
  • Not be related to an employee, officer, or director of the U.S. Bank, and other affiliated institutions.

 

WHAT IS THE WORTH OF THE U.S. BANK STUDENT SCHOLARSHIP PROGRAM

The U.S. Bank Student Scholarship Program awards prizes of different values to three different classes of recipients. Other than the position a candidate is on the winning list, the amount he receives is dependent on how far he or she went in the lectures that participants are expected to watch.

First Prize Award: This scholarship is worth $20,000. The amount is paid to the recipient’s university or college.

Additional Awards: There are as many as four different awards under this: one $10,000 and three $53,000 fees which are also paid to the recipients’ university or college.

 

HOW TO APPLY FOR THE SCHOLARSHIP

Applications are through this link.

To enter into the program, entrants are required to log in to the website, access links, and complete in-full various learning activities. Entrants are to select what modules they want to complete. It should be noted that modules can be completed at once and that they vary in length.

For each drawing that takes place in the Entry Period, there are a number of minimum modules that must be completed. An entrant that completes between 6 and 11 modules is eligible for a Second Prize Scholarship Award of $4,000. An entrant with between 12 and 19 completed modules is eligible for a First Prize Award of $10,000. Entrants who complete 20 or more modules plus the final playlist challenge are eligible for the Grand Prize of $14,000.


There are other details about the U.S. Bank Student Scholarship Program that you can read on the official website.

 

WHEN IS THE DEADLINE

The deadline for entry into the Program is September 30, 2022.

 

TOP TIPS TO WIN THE SCHOLARSHIP

The U.S. Bank Student Scholarship Program is open to legal residents of the United States who are enrolled in a post-secondary institution. To qualify from the pool of the applications that are received by the US Bank, you have to stand out among the rest of the applications. In this section, you will learn all that will increase your chances in the U.S. Bank Student Scholarship Program.

  1. Study the lectures to the last detail. The more modules you complete, the bigger the prize you are contesting for. Completing 20 or more modules get you into that position to be among the draw for the Grand Prize of $14,000. 
  2. Ensure you have no relative who works for the US Bank or a company that is remotely affiliated with them. Being related to a worker of any of these companies disqualifies you from being part of the draw.
  3. Make your entry and reach a landmark before the deadline. Applications after the 30th of September will not be considered. A way to stand a chance at winning is by completing the application before then.

 

BENEFITS YOU GET FROM THE SCHOLARSHIP

  1. The scholarship sets you up for a semester or more: Winning the Grand Prize in this contest gets you $14,000 in cash. This is enough to pay many of your bills, including your tuition fee, transport, housing, or meal.
  2. The U.S. Bank Student Scholarship, by extension, makes you perform better in your academics. This is because you worry less about your finances. Unlike many students in the United States who have to work part-time to take themselves through college, you get to focus more on your studies.
  3. You grow in value: The reward from the U.S. Bank Student Scholarship Program goes beyond the monetary incentive. The purpose of the scholarship is to teach undergraduates how to manage their finances better. Even if you do not win any of the draws, you can get your head up high knowing you have gained significant knowledge that will be part of you throughout life.

 

SIMILAR SCHOLARSHIPS TO THE U.S. BANK STUDENT SCHOLARSHIP PROGRAM

It goes without saying that when you apply for scholarships, you want to apply for as many scholarships as you can so as to increase your odds of landing one. Should you be interested in the U.S. Bank Student Scholarship Program, you may want to check out the following scholarships as many of them are open to United States citizens and are tenable in institutions across the country.

Similar scholarships to the US Bank administered scholarship include:

  1. Science Ambassador Scholarship
  2. University of Wisconsin Madison National Merit Scholarship
  3. Ge-Reagan Foundation Scholarship Program
  4. General Assembly Merit Scholarship
  5. Hacer Scholarship

Science Ambassador Scholarship

Science Ambassador Scholarship is sponsored by Cards Against Humanity, an adult party game where players complete fill-in-the-blank statements using words that are offensive. The game has been compared to the 1999 card game Apples to Apples, and while it originated from a Kickstarter campaign held in 2011, the game took its name to reflect its politically incorrect content.

Heavily influenced by the popular Apple card game, it was initially named Cardenfreude. The name was later changed to Cards Against Humanity. The game was financed with a Kickstarter crowdfunding campaign and influenced by a previous crowd-funded campaign for a book on Barack Obama’s campaign.

Field of study

The Science Ambassador Scholarship is open to interested candidates in Science related fields. This includes Engineering and Mathematics.

Eligible Nationality

Similar to the U.S. Bank Student Scholarship Program, the scholarship is open to citizens of the United State.

How to apply

You can apply for this scholarship by following the latest updates about the scholarship from the board. You can subscribe to the newsletter so as to know when registration commences through this link.

 

Ge-Reagan Foundation Scholarship Program

The Ge-Reagan Foundation Scholarship was founded in honor of the legacy and character of the nation’s 40th President.

Every year, a handful of applicants are selected to receive the award based on their academic performance. Other things that are considered before an applicant is awarded this scholarship include his or her contribution to the community, leadership qualities, integrity and drive to pursue higher education.

To be eligible for the Ge-Reagan Foundation Scholarship, the applicant must be a United States citizen.

Over the years, 195 students have been awarded the scholarship and $7.88 million has been committed to the program by the Foundation.

Recipients of the scholarship study in over 110 campuses across the country. As recorded by the Foundation, current recipients of the Ge-Reagan Foundation Scholarship come from as many as 41 states around the country.

Field of study

The scholarship is open to students from all fields. Because the motive behind the program is to reward scholastic excellence, the body does that irrespective of what courses the applicant study.

Eligible Nationality

Similar to the U.S. Bank Student Scholarship Program, the scholarship is open to citizens of the United State.

How to apply

The application for this scholarship has not begun. However, you may want to follow the latest developments on the scholarship.

 

University of Wisconsin Madison Merit Scholarship

Another one similar to the US Bank Scholarship, the University of Wisconsin Madison National Merit Scholarship is for finalists in the National contest who picked the University of Wisconsin Madison as their preferred place of study after high school.

To enter the program, interested students are required to apply with their school counselor at the start of the school year, after which they will sit for the Preliminary SAT/NMSQT (National Merit Scholarship Qualifying Test).

Field of study

The scholarship is open to students from all fields.

Eligible Nationality

Similar to the U.S. Bank Student Scholarship Program, the scholarship is open to citizens of the United State.

How to apply

Application for the scholarship is through the Preliminary SAT/NMSQT (National Merit Scholarship Qualifying Test).

 

General Assembly Merit Scholarship

The General Assembly Merit Scholarship, together with the TN HOPE Scholarship, promises Tennesseans who are willing to pursue a postsecondary school credential a smoother education. Through the net proceeds of the state lottery, the runner of the scholarship, TSAC, ensures students who are qualified are picked to receive the $1,500 grant. Together with the fund from the HOPE Scholarship, recipients receive as much as $3,000 or more in an academic year. 

To qualify for the General Assembly Merit Scholarship, an applicant must be a HOPE Scholar beforehand. The highest-ranking HOPE Scholars who fulfill certain criteria which will be talked about extensively are selected for this General Assembly Merit Scholarship.

Field of study

The scholarship is tenable in any field of study across the United States.

Eligible Nationality

Similar to the U.S. Bank Student Scholarship Program, it is restricted to citizens of the United States.

How to apply

Application for the scholarship is through FAFSA (Free Application for Federal Student Aid) through this link.

 

Hacer Scholarship

The McDonald’s Hacer National Scholarship Program, simply known as the Hacer Scholarship, awards up to thirty (30) high-performing candidates who have a Hispanic background, every year. Since the inception of the scholarship idea by McDonald’s, the company has awarded more than $5 million to Hispanic students across the country.

Hacer Scholarship has three tiers – with tier 1 being the highest. Based on a set of criteria, qualified candidates are picked to receive awards between $5,000 and $100,000.

Tier one candidates receive either $100,000, $50,000, or $25,000.With tier two being the more valuable, candidates who have been selected for tier two receive $20,000 or $10,000 to pay for any of their college expenses.

Tier three recipients are awarded $5,000. And while tier three is relatively the lowest, many United States Scholarships pay less than $2,000 to their finalists.

If you were not enthused about the Hacer Scholarship, that might be the incentive you need.

Field of study

The scholarship is tenable in any field of study across the United States.

Eligible Nationality

Citizens of the United States are eligible for this scholarship.

How to apply

Application for the scholarship is through FAFSA (Free Application for Federal Student Aid) through this link.

 

SUMMARY

IMPORTANT RESOURCES

U.S. Bank Student Scholarship Program official page: Visit here.

Learn about the US Bank: Visit here.

Twitter profile: Visit here.

 

BRIEF DESCRIPTION

Sponsors: US Bank.

Departments: All departments.

Renewable: No.

Nationality: United States.

Language requirement: Applicants must have a sufficient understanding of the English Language.

 

FAQs

What is the U.S. Bank Student Scholarship Program?

The U.S. Bank Student Scholarship Program is a program that rewards applicants for learning important topics about financing. So as to encourage high school students and undergraduates to build a strong financial foundation and develop healthy habits, the Scholarship Board is inviting interested qualified applicants for the U.S. Bank Student Scholarship Program.

Who runs the U.S. Bank Student Scholarship Program?

U.S. Bank Student Scholarship Program is sponsored by the US Bank. Since the inception of the body in 1863 when Abraham Lincoln’s administration signed their national bank charter No. 24, they have drawn its financial strength and focus to serve customers.

Am I eligible for the U.S. Bank Student Scholarship Program?

You are eligible for the scholarship if you are a citizen of the United States and are enrolled in an accredited university in the country.

Is the U.S. Bank Student Scholarship Program renewable?

No, it is a single-time award.

Can I contest again for the scholarship?

Yes, you can. However, former recipients of the award cannot be part of the draw for the subsequent years.

 

CONCLUSION

The U.S. Bank Student Scholarship Program is a learning avenue that presents a chance to earn by learning. The scholarship is prime Disney. Unlike many other scholarships, it stands out for the different opportunities it presents.

The application for the scholarship is set to close on September 30, 2022. Should you be interested in being part of the scholarship, ensure you start early so that you can finish as many modules as possible before the closure of the application.

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