Credit Acceptance Corporation has established a scholarship program to assist dependent children of Credit Acceptance Corporation employees who plan to continue their education in college, vocational, or technical school programs. Scholarships are offered for full-time study at an accredited institution of the student’s choice for the upcoming school year.
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.
Applicants must meet all of the following criteria:
Children of Vice Presidents and above are not eligible to apply.
If selected as a recipient, the student will receive an award of $2,000. Up to five (5) awards will be granted. Only one recipient per family may be awarded in a given program year.
Awards are not renewable, however, students may reapply each year they meet eligibility requirements.
Awards are for undergraduate study only.
Selection of Recipients
Scholarship recipients are selected on the basis of academic performance, demonstrated leadership and participation in school and community activities, work experience, statement of goals and aspirations, unusual personal or family circumstances, and an outside appraisal.
Financial need will not be considered.
Applicants will be notified in July.
Payment of Scholarships
Scholarship America processes scholarship payments on behalf of Credit Acceptance Corporation. Payments are made in one installment in mid August.
As part of your application, you must upload the following document(s):
A current, complete transcript of grades. Grade reports are not accepted. Transcripts must display student name, school name, grade and credit hours, and term in which the course was taken.
If you are unable to provide a transcript at this time due to a school closure or other reason, please upload a document stating this. We may ask for this document at a later date.
Also as part of your application, one online recommendation form must be submitted on your behalf.
Your application is not considered complete unless all required documents are submitted electronically.