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Scholarship Program

car loans of america scholarship program

Car Loans of America Scholarship – $1,000.00 Award

As a new generation of students is getting a better education, you have the ability to solve a major financial issue that affects thousands of people every day. Car Loans of America strongly believes that your creativity may hold the answers to revolutionizing the lending industry. The goal is to better benefit bother the consumer and impose less risk to the lender. For this reason, we have created the Car Loans of America Scholarship Program which takes place annually in June and December of each year.

How do I know if I am eligible for the scholarship?

To qualify for the Car Loans of America Scholarship, you must be enrolled in an accredited undergraduate credible university.

How do I apply for the Car Loans of America Scholarship?

First, you’ll need to write us an open letter with no fewer than 1000 words on why you deserve to win this scholarship. You can write your life story along with your educational goals, dreams, and aspirations. Develop an answer that is meaningful, eye-catching and compelling! Let us know what motivates you and makes you unique. We are looking for someone who has a great track record and who excels in the above.

What needs to be included with the application? 

Along with your essay we also ask that you include:

  1. Your university name
  2. Class year
  3. Contact information
  4. Major
  5. A copy of your transcripts (official or unofficial)

Send all of the listed materials to scholarships@carloansofamerica.com

When is the application due?

Please send in your application for the Car Loans of America Scholarship no later than June 1st, 2019 to receive funds for the subsequent semester. The winner will be notified by either phone or email on Friday, June 14th. If we do not receive a response from the winner within 10 days of the announcement, we will select a runner-up to receive the award.

We look forward to reading your applications and wish you the best of luck in the future!

Why Are Scholarships Important?

Every student has a story of their own. The financial gaps in today’s economy related to paying for college are truly evident, more so than ever. No matter what your financial situation is, scholarships are becoming a crucial and helpful necessity in the transition to college. They remove financial barriers making educational goals and career goals easier to obtain.

Scholarships help you pay for your tuition, looks good on your resume and opens doors into your future. Remember, you are the future and have the ability to contribute to society in more ways than you can imagine!

We at Car Loans of America are firm believers in a solid foundation for students. We’re here to help alleviate the financial stress of high tuition and want nothing more for the students of tomorrow to succeed.

  • Scholarships Provide Students With Financial Support

Without the help from outside sources, many students encounter the hardships and stress in paying for the degree they seek. Scholarships assist students financially, freeing up time to focus on studies instead of working to pay off tuition. The notion of having a scholarship for the college of your choice gives students the chance to earn their education with less stress. Opportunities like this don’t come often and now is the time to take advantage of them.

  • Extra Curricular Activities, Studies & Self-Care

As a college student, we all know that your own time is desperately needed. Weekends are often spent off-campus at a part-time job or head first in a pile of books for most students. It’s a fact, academic performance suffers tremendously when students are overworked.

Money from these scholarships gives you the opportunity to be more selective and productive with your free time. This enhances your collegiate experience with potential volunteer opportunities, internships and a chance to unwind every now and then. You’ll be able to enhance your college experience which can lead to better grades, knowledge retention and increases the chance to continue on your path to graduation.

  • Rising Tuition, School Fees & Student Loans

Recent studies show that over half of all college graduates have student loans that have steadily accumulated before, during and after graduation. In some cases, the spike in tuition has limited students from pursuing their education in an attempt to control costs. Loan rates from select banks have steadily been increasing yearly making scholarships a lucrative option for students across the nation. Tuition is constantly on the rise across the nation and scholarships allow more access to higher education for students of all income levels.

  • Recognition & Personal Achievements

Winning a scholarship is a true feat on its own. Thousands apply for scholarships across the U.S. every semester and only a select few are chosen. A scholarship gives you the confidence needed to achieve and pursue your future goals. Recognizing your potential at an early age will help you grow. Receiving one carries self-prestige and honor which is an achievement in its own. Knowing that there is assistance with tuition in the form of a scholarship can give you an extra boost of motivation and ease of mind.

  • Giving Back To The Community

Car Loans of America firmly believes in the importance of the ideas of philanthropy and giving back to others. The road to obtaining a degree can be overly difficult at times and our hope is to contribute to your future so that you can give back to your community or another student at some point in time. Lead by example, strive to be the best person for yourself and others.