Chartway Directors Memorial Scholarship Program
Chartway Directors Memorial Scholarship Program - The Chartway Directors Memorial Scholarship Program is an annual program that honors the memory of the founding Board of Directors of Chartway Federal Credit Union. Each year, the program awards a total of $30,000 in scholarship awards to students who demonstrate exceptional academic achievement, outstanding community involvement, and a commitment to their educational goals. Since the program was established in 2023, over 300 students have received scholarships to help pay for their college expenses.
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Eligibility Requirements
In order to be eligible for the Chartway Directors Memorial Scholarship Program, applicants must meet the following criteria:
Scholarship Award Amounts
Each year, the Chartway Directors Memorial Scholarship Program awards a total of $30,000 in scholarship awards. Awards are distributed in two different tiers. The first tier awards are for $2,500 each, and the second tier awards are for $2,000 each. The total award amount is determined by the number of eligible applicants and the quality of their applications.
Application Process
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The application process for the Chartway Directors Memorial Scholarship Program begins in April and ends in May. Applicants must submit an online application, which includes an essay about their educational goals and community involvement. Applicants must also submit two letters of recommendation from teachers or counselors who can speak to the applicant’s academic achievement and commitment to their educational goals. The application must also include a current transcript and a copy of the applicant’s most recent tax return.
Selection Process
The selection process for the Chartway Directors Memorial Scholarship Program is highly competitive. All applications are reviewed and evaluated by a panel of judges who are experts in the fields of education, finance, and community service. The panel takes into consideration the applicant’s academic achievement, financial need, and commitment to community service. The panel also considers the applicant’s essay and letters of recommendation. The selection committee makes the final decision on the recipients of the scholarship awards.
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Notification of Award
The recipients of the Chartway Directors Memorial Scholarship Program are notified in June. Awardees are notified by mail or email and must respond to the notification within 30 days. Awardees must also provide proof of enrollment in an accredited college or university within 30 days of receiving the award.
Disbursement of Funds
The Chartway Directors Memorial Scholarship Program awards are disbursed directly to the accredited college or university that the awardee is attending. Funds are disbursed in two payments, one at the beginning of the school year and one at the end of the school year. Funds must be used for educational expenses, including tuition, books, and other college related expenses.
Additional Resources
For additional information about the Chartway Directors Memorial Scholarship Program, please visit www.chartway.com/scholarship. Additional questions can be directed to the Chartway Scholarship Program Coordinator at 757-555-1234.