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Credit Acceptance Corporation Scholarship for Employee's Dependents Program
Deadline to apply: May 30, 2025 3:00 pm CT

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.

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 must meet all of the following criteria:

  • Be dependent* children, age 26 and under, of Credit Acceptance Corporation employees that are eligible for either part-time enhanced or full-time benefits. Employees must have a minimum of one (1) year of employment with the company as of the application deadline date.
    *Dependent children are children who qualify for benefits provided by the company.
  • Be high school seniors or graduates or current postsecondary undergraduates.
  • Plan to enroll in full-time undergraduate study at an accredited two-year or four-year college, university or vocational-technical school for the entire upcoming academic year.
  • Have a minimum grade point average (GPA) of 3.0 on a 4.0 scale (or the equivalent).

Children of Vice Presidents and above are not eligible to apply.

Award Amounts

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

  • Academic record
  • Demonstrated leadership and participation in school and community activities
  • Work experience
  • A statement of educational and career goals and objectives
  • Unusual personal or family circumstances
  • An online recommendation

Financial need will not be considered.

Notification

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
    • Grades
    • Credit hours for each course and term in which each course was taken.

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.

One online recommendation form must be submitted on your behalf no later than June 4, 2025 3:00 pm Central Time.

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

Credit Acceptance Corporation has partnered with Scholarship America. Selecting the button below will redirect you the Scholarship America Student Hub!

Please make sure to add studentsupport@scholarshipamerica.org as well as the program email address provided below in the footer as safe senders in your email contact list.