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:
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
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):
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.