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The U.S. Bank Scholarship, offered by the U.S. bank, is a program that awards learners after they successfully complete the institution’s financial lessons. To be eligible, an applicant should be at least 17 years of age. In addition, they should either be college-bound waiting to join an accredited tertiary institution or an undergraduate pursuing a course at an accredited two- or four-year physical or online university or college within the United States.
There are seven awards to be won and winners are selected at random by an administrator under the supervision of a sponsor. The seven positions are two-second prize scholarship awards of $4,000 each, two-first prize scholarship awards of $10,000 each, two-campus banking prize scholarship awards of $1,500 each, and a grand prize scholarship award of $14,000. These different awards are directly paid to the winners’ respective universities or colleges to meet their academic needs.
Participants in the contest earn more than just the cash awards. For example, they get an opportunity to learn different financial concepts and skills such as budgeting, saving, and how to manage student loans. As one advances in the lessons, so does their financial literacy and skills.
Key Information of U.S. Bank Scholarship Program
Country of Study
Intended Level of Study
Number of Awards
U.S. Bank Scholarship Program Timeline
February 7, 2022
Promotion Period Starts
The Promotion Period consists of two different entry periods, the first of which starts in February.
June 26, 2022
First Entry Period Deadline
The first entry period ends on June 26, 2022, at 11:59:59 p.m. Central Time (CT)
June 27, 2022
Second Entry Period Starts
The second entry period starts in June.
July 6, 2022
Selection From The First Entry Period
In July, an administrator will randomly select one potential First Prize Scholarship Award winner and one potential Second Prize Scholarship Award winner from the first-period entries.
October 30, 2022
Promotion Period Ends
The second entry period ends in October.
November 7, 2022
Winners From The Second Entry Period
In November, an administrator will randomly select five potential winners from the second-period entries, including one First Prize Scholarship Award winner, one Second Prize Scholarship Award winner, two Campus Banking Prize Scholarship Award winners, and a Grand Prize Scholarship Award winner
To be eligible to apply, applicants must meet the following criteria.
- Eligible Grade: High School Graduate – Undergraduate
- Minimum Age: 17
- Required GPA: Any
- Geographic Eligibility: United States
- Gender: Any
Here’s what you need to submits besides your application.
- Special Project
How to ace the U.S. Bank Scholarship Program
Start your registration process early
In order to participate and stand a chance to win the prize money, applicants should start and complete the registration process early. Visit the official website and follow the instructions to register and create a login.
Show dedication by completing the lessons
The more you learn, the higher your chances of winning the grand prize. For example, if you complete six to 11 lessons you are eligible to win up to $4,000, whereas if you complete more than 20 classes and take part in the playlist challenge you are eligible to win $14,000.
Look out for a confirmation email
After the random drawings, potential winners are notified via phone/email. The potential winners have 48 hours to respond, failure to which their position is forfeited and another winner is randomly selected.
Consult a parent or legal guardian
Potential winners who are still minors will need the help and consent of a legal guardian to fill out the legal documents such as the Affidavit of Eligibility and Liability.
How the U.S. Bank Scholarship Program is Judged
After completing the financial education lessons, the potential winners are chosen through random drawings by an authorized administrator under the supervision of a sponsor. The candidates are contacted to confirm their availability for the award, failure to respond results in that specific award being forfeited and another winner selected. The probability of winning depends on the eligible entries received for each drawing during the Promotion Period.
Why We Love the U.S. Bank Scholarship Program
Different fields of study
The prize is sent directly to the tertiary institution the winner is registered in to support their academic needs. The payment is made irrespective of the course or the area of study of the winner.
The scholarship embraces diversity
The winners are randomly selected from a list of eligible applicants from diverse backgrounds all across the United States.
Learn for free
While undertaking the financial education lessons, the learner is not required to pay any fees.
5 Facts About the U.S. Bank Scholarship Program
Trade and vocational school students cannot apply
Students from trade and vocational schools, even if within the United States, are specifically excluded and cannot apply for the scholarship.
The grand prize amount is carefully calculated
The grand prize amount stems from the national annual average cost of tuition and fees for a semester in an in-state college.
No purchases required
There are no purchases or payments required for one to be eligible for the scholarship opportunity, which eases the application process.
The program has lasted for over a decade
The U.S. Bank Student Scholarship program has funded college students with more than $500,000 for more than ten years.
Additional documents may be required
Depending on the prize award, sponsor, or the institution one is enrolled in, additional documents may be required from the candidate.