The Capital Group is pleased to sponsor The Capital Group Companies Scholarship Program, which provides financial assistance for postsecondary education to eligible children of its associates worldwide. Please note that while the program description that follows below makes reference to U.S. institutions and currency, the program is open to the children of associates in all of Capital’s offices globally and every effort will be made to administer the program equitably across the organization, accounting for local practices.
This program is administered by Scholarship America®, the nation’s largest designer and manager of scholarship and other education support programs for corporations, foundations, associations, and individuals. Eligibility for individual programs is determined at the sole discretion of the sponsor, and eligible applications are reviewed by Scholarship America’s evaluation team.
Applicants to the Capital Group Companies Scholarship Program must be:
NOTE: Children of associates with annual income from CG of more than $150,000 (U.S. currency), as reported to the IRS on the associate’s most recent W-2 form, and children of senior officers or directors of any CG company are not eligible to apply.
Selection of Recipients
Scholarship recipients are selected on the basis of:
Financial need*, as calculated by Scholarship America, must be demonstrated for the student to receive an award.
Scholarship America individually evaluates each application using a system in which academic performance is weighted equally against the other information supplied by the student on the application. The Capital associate (claiming parent) must submit to Scholarship America a copy of their most recent W-2 form. If the student applicant is not claimed as a dependent of the associate, the claiming parent or the student, if independent, must also submit the first page of his or her federal tax return. Financial information provided by the applicant to Scholarship America will be kept strictly confidential.
If recipient attends a school other than the one for which the financial need assessment is made, the award may be withdrawn.
*Financial need is determined by the review of the amount a family can reasonably be expected to contribute toward the cost of attending post secondary school. Scholarship America calculates the family contribution based on information supplied in the Financial Information section of the application. Information concerning unusual circumstances that may affect the family’s ability to pay may be submitted with the application.
Selection of recipients is made by Scholarship America. In no instance does any officer or employee of the Capital Group play a part in the selection. All applicants agree to accept the decision as final.
Award Amounts
If selected as a recipient, the student will receive a $1,500 award. All applicants must demonstrate financial need. Awards may be renewed for up to three additional years or until a diploma, undergraduate degree, or certificate of completion is obtained, whichever occurs first. Renewal is contingent upon maintaining a cumulative 2.5 grade point average (on a 4.0 scale) in a full-time course of study, and continuation of the program by the Capital Group.
Awards are for undergraduate study only.
Notification
Applicants will be notified in early May. Not all applicants to the program will be selected as recipients. Students may reapply to the program each year they meet eligibility requirements.
Payment of Scholarships
Scholarship America processes scholarship payments on behalf of the Capital Group. Payment is made in one installment in early August. Checks are mailed to each recipient’s home address and made payable to the school for the student.
No monies will be paid directly to the student for out-of-pocket expenses. If the award exceeds tuition, the excess may be applied to room and board, required fees, books and other related educational supplies.
Obligations
Recipients have no obligation to the Capital Group. They are, however, required to notify Scholarship America of any changes in address, school enrollment, or other relevant information, and to send a complete official transcript when requested.
Revisions
The Capital Group reserves the right to review the conditions and procedures of this scholarship program and to make changes at any time including termination of the program. Previously approved scholarships will not be affected by subsequent changes to the program.
As part of your application, you must upload the following documents:
One online recommendation form must be submitted on your behalf no later than March 12, 2024 3:00 pm Central Time.
Your application is not considered complete unless all required documents are submitted electronically.
