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Bob's Discount Furniture Scholarship Program
Deadline to apply: March 22, 2021 3:00 pm CT

Bob’s Discount Furniture Education Foundation has established a scholarship program to assist employees and children of employees who plan to continue their education in college or vocational school programs.

This program is administered by Scholarship America®, the nation’s largest designer and manager of scholarship, tuition assistance and other education support programs for corporations, foundations, associations, and individuals. Awards are granted without regard to race, color, creed, religion, sexual orientation, gender, disability, or national origin.

Employee applicants must meet all of the following criteria:

  • Be full-time or part-time (domestic) employees for at least one (1) year at Bob’s Discount Furniture (excluding any Covid-19 related disruption).
  • Be high school seniors or graduates or current college undergraduates.
  • Plan to enroll in full-time or part-time in undergraduate study at an accredited two- or four-year college, university or vocational-technical school for the entire upcoming academic year.

Children of employee applicants must meet all the following criteria:

  • Be dependent* children, age 24 and under, of full-time Bob’s Discount Furniture (domestic) employees who have a minimum of 1 year employment with the company as of the application deadline date (excluding any Covid-19 related disruption).
    *Dependent children are defined as natural and legally adopted children or stepchildren living in the employee’s household or primarily supported by the employee.
  • Be high school seniors or graduates or current college undergraduates.
  • Plan to enroll in fulltime undergraduate study at an accredited two- or four-year college, university or vocational-technical school for the entire upcoming academic year.

Children of senior executives (SVP/EVP) are ineligible.

Selection of Recipients

Scholarship recipients are selected on the basis of:

  • Academic record
  • Demonstrated leadership and participation in school and community activities
  • Statement of goals and aspirations
  • Unusual personal or family circumstances
  • An online recommendation

Financial need is not considered.

Selection of finalists is made by Scholarship America. A Bob’s Discount Furniture Education Foundation selection committee will review finalists and select recipients. Not all applicants to the program will be selected as recipients. Students may reapply to the program each year they meet eligibility requirements. All applicants agree to accept the decision as final.

Notification

All applicants will be notified in May.

Payment of Scholarships

Scholarship America processes scholarship payments on behalf of Bob’s Discount Furniture Education Foundation. Payment is made in August.

Employee Awards:

If selected as a recipient, the student will receive $5,000 award. Up to twenty (20) awards will be granted.

Dependent Awards:

If selected as a recipient, the student will receive $5,000 award. Up to fifty (50) awards will be granted.

All Awards:

Awards are renewable up to three years or until a bachelor’s degree is earned, whichever occurs first, on the basis of satisfactory academic performance maintaining a cumulative grade point average of 2.5 on a 4.0 scale. Per IRS Rev. Proc. 76-47, the employment eligibility requirement does not apply to previous recipients.

Awards are for undergraduate study only.

The program will be administered in full compliance with IRS Revenue Procedure 76-47.

Award recipients will be sent Quick Start Guide email to register for WhichWay app with access to the following modules for a one year cycle:

  • Understanding Basics of Budgeting
  • Achieving Goals
  • Creating and Maintaining a Budget
  • Paying for College
  • Understanding Credit
  • Obtaining Credit
  • Applying for Financial Aid
  • Managing Credit Cards
  • Managing Student Loans While in School
  • Managing Debt
  • Repaying Student Loans

As part of your application, you must upload the following:

  • A current, complete transcript of grades. Grade reports are not accepted. Transcripts must display student name, school name, grades and credit hours for each course and term in which each course was taken.

One online recommendation form must be submitted on your behalf no later than March 25, 2021 3:00 pm Central Time.

Your application is not complete unless all required materials are submitted electronically.

A few items to keep in mind while applying:

  • When registering, use “I’m a student” under the First time here? section.
  • While completing the Profile, many employee applicants may choose “Postsecondary (university) student” for their Current year in school if there has been a time gap since high school graduation.
  • While completing the Profile, please select the appropriate year level for the Year in school for the upcoming academic year that would apply to the 2021-2022 academic year.

Bob's Discount Furniture Education Foundation has partnered with Scholarship America. Selecting the button below will redirect you the Scholarship America Student Hub!