Connecticut Wealth Management Scholarship

$5,000Award Amount
1Number of Awards
4/15/2023Submission Deadline

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Connecticut Wealth Management, LLC created its Connecticut Wealth Management Scholarship for less privileged African American students in Connecticut to help ease the burden of higher education expenses and encourage them to pursue or complete their studies.

Connecticut Wealth Management has helped more than double the number of minorities attending college. The six-year graduation rate for UNCF African American scholarship recipients is 70%. This is 11% higher than the national average and 31% higher than the national average for all African Americans.

Annually, it awards one scholarship of $5,000 to an African American sophomore student in Connecticut to cover some of the cost of the junior or senior year. Applicants must hold a minimum GPA of 2.75, be residents of Connecticut, provide FAFSA forms for financial aid, show interest in the field of their choice, their career interest, and their grade transcripts. This need-based scholarship program can be renewed every year as long as requirements are met.

Key Information of Connecticut Wealth Management Scholarship

Study Details

Area of Study


Country of Study

United States

Specific Schools


Scholarship Details

Intended Level of Study


Award Amount


Number of Awards


Connecticut Wealth Management Scholarship Timeline

February 2023

Application Opening Date

Applications open on February 1.

April 2023

Submission Deadline

The submission deadline is on April 15.

Scholarship Eligibility

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

  • Eligible Grade: College Sophomore – College Senior
  • Maximum Age: Any
  • Required GPA: 2.75
  • Geographic Eligibility: Connecticut
  • Gender: Any
  • Race/Ethnicity: Black

Application Requirements

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

  • Grade transcript
  • Recommendation letters
  • Essay

How to ace the Connecticut Wealth Management Scholarship


Show verified evidence of financial need

Complete the Free Application for Federal Student Aid form and have an unmet, demonstrated, financial need as verifiable by your college or university. Provide accurate financial information.


Submit a statement of Career interest

Write a detailed statement of your career interest indicating why you want to pick up such a career and why you feel it is the best for you. It should convey a complete picture of your character, ambitions, and abilities. Make it concise, and interesting, and ensure it captures your pursuit of your undergraduate degree of choice. Tell the judges your story and what you hope to achieve. Stay focused and get a second or third eye review from your mentor or instructor.


Submit your school transcript

You are also expected to submit as a requirement your current unofficial academic transcript. Work hard on keeping your grades up and maintaining the required GPA or above. Grades will be an indicator of how dedicated and serious you are.


Choice of references and early notifications

Your references or recommenders must be those who know you well enough to be willing to speak to your abilities and demonstrate why you make the perfect candidate for this scholarship. So, choose them wisely. Also, contact them and send them the required forms very early on to allow them enough time to complete them.

How the Connecticut Wealth Management Scholarship is Judged

The applications will be judged on demonstrated, unmet financial need as verified by college or university, statement of career interest, and current academic transcript.

Why We Love the Connecticut Wealth Management Scholarship


Application is welcomed from all majors

Irrespective of the fact that preference is given to business-related majors, application is still open to all majors. Therefore, all majors are encouraged to apply.


The scholarship offers a special preference

Connecticut Wealth Management scholarship gives special preference to students with business or business-related majors.


Program offers an alternative to sending recommendation

Applicants can download the How to Write a Reference Without an Invitation Code document, found on the right side of this page, and email it to their recommender in cases where their recommender does not receive the automated instructions they sent via email.

5 Facts About Connecticut Wealth Management Scholarship


The scholarship is a need-based one

The program is a need-based scholarship program for African American students who are from Connecticut.


Renewable scholarship only awarded to one recipient

The scholarship award, which can be renewed if the recipient meets eligibility criteria, is only given to one student for their junior and senior year.


Over $5 billion has been spent on scholarships

For more than seven decades, UNCF has been able to raise more than $5 billion and assist more than 500,000 students.


Connecticut Wealth Management has been supporting education

The organization does this by awarding more than 10,000 students scholarships, worth more than $100 million, each year.


Scholarship granted minorities access to college education

Since its establishment in 1944, Connecticut Wealth Management has helped more than double the number of minorities attending college.

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