To be eligible, applicants must meet all of the criteria.
Applicant must be a member
Applicant must be a current account holder, joint account holder (e.g., on a parent's account) or named on a custodial account in good standing with Addition Financial at the time of application submission and scholarship award payout.
High School Applicants
High school applicants must be graduating high school in the spring or summer of the year they are applying and be accepted into or enrolled in an accredited undergraduate program at a college, trade school or university that is located in the state of Florida. (Minimum 12-credit hour semester or full-time equivalent.)
Master's Degree Applicants
Master’s level applicants must be accepted into or enrolled into a master’s level program at the University of Central Florida.
Applicant must have a current cumulative grade point average (GPA) of a 3.0 or higher.
Addition Financial will be offering eight scholarships in total. Two master's level scholarships and six undergraduate scholarships.
Six undergraduate scholarships.
Each undergraduate scholarship winner will be awarded $10,000 over four years. ($2,500 per year.)
Two master's scholarships
Each master's scholarship winner will be awarded $2,500 each. (One time payout.)
When submitting the online application, all applicants must include the following:
- High school applicants must supply transcript copy for all classes taken in grades 9-12. Must show current GPA.
- Master's degree applicants must supply transcript copy of most recent classes taken. Must show current GPA.
Essay Question #1: In 50 words or less, how has financial education impacted your life?
Essay Question #2: In 50 words or less, what does financial success mean to you?
Letter of recommendation: This letter should include applicant's demonstrated community service efforts.
Timeline, judging and renewal
Applications will be reviewed and judged by a scholarship committee within Addition Financial. Personal information will be redacted prior to review by the scholarship committee. Missing information within application will result in disqualification.
The credit union is under no obligation to contact applicants regarding missing information. Winners will be selected and notified by March 31, 2020. Scholarship check will be made payable jointly to the recipient and their designated school and will
be mailed directly to the school. Addition Financial employees, officials, immediate families of employees and immediate families of officials are not eligible. All decisions made by Addition Financial will be final. One application per person allowed.
For undergraduate scholarship renewals, Addition Financial will need the following information to be emailed to our marketing department at email@example.com:
- Proof of completion and grades from the last semester the scholarship was applied.
- Proof of full-time enrollment for the upcoming fall semester.
If you have questions, please contact the scholarship coordinator at 407-896-9411 ext. 2543.
Now accepting applications until Sunday, March 1.