Wells Fargo Team Members Dependent Children Scholarship Program

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Scholarship Description

Wells Fargo has established a scholarship program to assist Wells Fargo employees’ dependent children who plan to continue their education in college or vocational school programs. Eligibility for individual programs is determined at the sole discretion of the sponsor, and eligible applications are reviewed by the evaluation team. Awards will range from $1,000 to $3,000. Awards amounts will be based on financial need.

Applicants must be: Dependent children, age 26 and under, of regular or part-time USA based Employees (or their domestic partners) or employees on leave of Wells Fargo or its domestic affiliates, who have a minimum of one-year continuous employment with Wells Fargo as of the application deadline date; Current high school seniors/final year of secondary school or high school/secondary school graduates, or college/post-secondary undergraduates or college graduates who are enrolled or planning to enroll in a full-time undergraduate or graduate course of study at an accredited two- or four-year college, university, or vocational-technical school for the entire academic year.

Awards are renewable on the basis of satisfactory academic performance, full-time enrollment and continued parental employment until July 1st. Undergraduate awards are renewable at the initial award amount up to the graduation date reported on the original application. This may be up to three years or until a bachelor’s degree is earned, whichever comes first. If additional renewal terms are needed, the student must reapply.

Graduate awards are renewable up to the graduation date reported on the original application or up to one year or until a graduate degree is earned, whichever comes first. The maximum total number of years a student may receive an award is limited to six (6) times including past recipient years (4 years maximum for undergraduate and 2 years maximum for graduate study.) Renewal awards cannot transfer from an undergraduate degree to a graduate degree. Undergraduate recipients must reapply for graduate awards.

Scholarship recipients are selected on the basis of: Academic record; Demonstrated leadership and participation in school and community activities; Work experience; A statement of educational and career goals and objectives; and Unusual personal or family circumstances.

Once an applicant is determined a recipient based on the above criteria, financial need will be used to determine the award amount based on the Wells Fargo employee’s Eligible Compensation Range.

The percentage of scholarship applications received for each ethnicity group will match the percentage of applications awarded to qualifying applicants.

Selection of recipients is made by Scholarship America. In no instance does any officer or employee of Wells Fargo play a part in the selection. All applicants agree to accept the decision as final.

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