Chicago Community Trust, as Trustee of the Cboe Empowers Fund, has established a scholarship program to assist current high school seniors and current undergraduates who reside in and attend (or attended) high school in Chicago, Kansas City (MO or KS), or New York City.
The program is administered by Scholarship America®, the nation’s largest designer and manager of scholarships 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 Cboe Empowers Scholarship must:
*Suburbs of these locations are not eligible. SAI will determine location eligibility based on the student’s self-declared permanent home address for high school seniors or high school address for current undergraduates.
Up to ten full-ride awards will be granted as follows:
Awards are intended to cover the entire cost of attendance (COA): tuition, fees, books, supplies, room, and board less other granted aid. Award amounts will be determined based on the cost of attendance as determined by each recipient’s college or university. Recipients must submit their cost of attendance before each academic year. If recipients have changes to their enrollment or living situation mid-year, their award will not be adjusted.
Sponsor will provide laptops to all recipients and handle laptop distribution.
Scholarship does not cover fraternity or sorority fees, travel/transportation, off-campus rent/lease deposits and down payments, utilities, etc.
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 2.3 on a 4.0 scale). Award amounts will be adjusted on an annual basis based on each recipients COA.
Awards are payable to the college/university.
Awards are for undergraduate study only.
Recipients may be offered internships by Sponsor.
Scholarship recipients are selected on the basis of:
Financial need will be considered. Recipients must demonstrate need.
Not all applicants to the program will be selected as finalists/recipients. All applicants agree to accept the decision as final.
All applicants will be notified in April.
Scholarship America processes scholarship payments on behalf of Chicago Community Trust. Payment is made in late August.
As part of your application, you must upload the following:
NOTE: If you are providing SAT or ACT test scores, and those scores are not listed on your high school transcript, you will need to upload a copy of your test score report(s) separately. If you are uploading a college transcript, those scores are not required.
Your application is not complete unless all required materials are submitted electronically.
