CACESF Scholarship

$1,500–$2,500Award Amount
3Number of Awards
6/30/2023Submission Deadline

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Established by the California Association of Collectors (CAC), the Education Scholarship Foundation (ESF) is an annual scholarship contest open to high school students in California. CACESF scholarships promote smart money and borrowing habits in California’s students as they prepare for college and life.

Founded in 2006, the California Association of Collectors Educational Scholarship Foundation (CACESF) awards $2,500, $2,000, and $1,500 to three high school seniors or juniors enrolled in California who will be entering a trade school college, or university within 12 months of their graduation.

Applicants must complete an application form and submit an original essay on a chosen topic. This year, applicants are required to write on the following topic: The importance of establishing and maintaining good financial credit during your college years.

Key Information of CACESF Scholarship

Study Details

Area of Study


Country of Study

United States

Specific Schools


Scholarship Details

Intended Level of Study


Award Amount


Number of Awards


CACESF Scholarship Timeline

January 23, 2023

Applications open

The contest officially opens in January.

June 30, 2023

Applications deadline

The application deadline is the first Friday of June.

October 2022

Semi-finalists are announced

The semi-finalists are announced before the CAC's annual banquet in October.

October 2022

Final placing

The final placings of the semi-finalists are announced at the CAC's annual banquet.

Scholarship Eligibility

To be eligible to apply, applicants must meet the following criteria.

  • Eligible Grade: High School Junior – High School Senior
  • Minimum Age: 18
  • Required GPA: Any
  • Geographic Eligibility: California
  • Gender: Any
  • Race/Ethnicity: Any

Application Requirements

Here’s what you need to submits besides your application.

  • Essay

How to ace the CACESF Scholarship


Follow the essay guidelines

Essays are required to be between 700–1,000 words and typed using 12-point font and double space. The document should include the word count at its top and must not have any personal information.


Review your essay

Before submitting your essay, have a teacher, parent, or guardian review it to check for grammatical and spelling errors.


Practice public speaking

It is best to start practicing your public speaking and reading skills early as semi-finalists are required to read their essay at the California Association of Collectors annual event.


Include research in your essay

Doing some research and including some statistics in your essay will indicate that you’ve given some thought to the topic. It also shows that you have dedicated time to understanding the essay topic.

How the CACESF Scholarship is Judged

A team of about 20 volunteer readers read and rank essays using a double-elimination style process to select the semi-finalists. The semi-finalists would be required to attend the California Association of Collectors' annual event in October (expenses paid for student and one parent). At the event, they would be required to read the essays and would be judged by five judges (legislators, financial industry representatives) who will rank the presentations and determine the final placing.

Why We Love the CACESF Scholarship


It is easy to apply

Unlike other scholarships, the CACESF requires a simple one-page application and an essay on "The Importance of Establishing and Maintaining Good Financial Credit During Your College Years".


Annual banquet

The scholarship contest winners are recognized at the CAC's annual banquet and promoted within their community with an official press release.


No GPA requirement

Unlike most other scholarships, there is no minimum GPA requirement applicants are required to meet.

5 Facts About The CACESF


Open to seniors and juniors

The scholarship is open to high school seniors and juniors as long as they plan to attend college or university within 12 months of graduation.


$75,000 in college scholarships

Since its founding, the CACESF has awarded$75,000 in college scholarships to 36 California high school students.


The CAC was founded in 1917

The California Association of Collectors (CAC) was founded in 1917, making it the first organized association of collection professionals in the country.


CAC help found ACA International

The CAC became the founding unit of ACA International (the Association of Credit and Collection Professionals) in 1939.


Entries are properties of the foundation

Once submitted, the essays become the property of the California Association of Collectors Educational Scholarship Foundation. The foundation is allowed to print, district, and publish in full or in part at its discretion.

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