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The application program will be available again in October. Please return then to view the updated Eligibility and Awards for the upcoming academic year! If you are an applicant who would like to discover more scholarship opportunities you might qualify for, please continue to the Scholarship America Hub and sign up!

Fannie Mae College Scholars Program
Application status: Closed

Fannie Mae has established a scholarship program to assist employees’ children who plan to continue their education in college.

The 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.

Please Go to the Scholarship America HUB link below to apply

Applicants to the Fannie Mae College Scholars Program must be:

  • Dependent* children, age 25 and under, of either active, full-time (scheduled to work no less than 37.5 hours per week) or part-time (scheduled to work no less than 20 hours per week) Fannie Mae employees at the director level or below. Employees must have completed the new hire 180 day introductory period. Rehires must complete a new introductory period.
    *Dependent children are defined as natural and legally adopted children or stepchildren who receive more than one-half of their support from the employee’s household.
  • High school seniors or graduates who plan to enroll or students who are already enrolled in full-time undergraduate study at an accredited two-year or four-year college, university or community college for the entire upcoming academic year.

If a student is not eligible because the Fannie Mae employee has not completed the 180 day introductory period requirement or is not in good standing, they may apply the following year if eligibility and criteria are met.

Award information:

  • If selected as a recipient for this very competitive program, the student will receive an award ranging from $750 to $2,000.
  • Awards may be renewed for up to three additional years or until a diploma or bachelor’s degree is earned, whichever occurs first.
  • Renewal is contingent upon maintaining a minimum cumulative grade point average of 2.5 on a 4.0 scale (or the equivalent) in a full-time course of study, continued active parental employment*, and continuation of the program by Fannie Mae.

*If an employee leaves Fannie Mae during the academic year, but before the second of the two scholarship payments are made, the second payment will be forfeited.

Awards are for undergraduate study only.

Notification

Applicants will be notified in early June. 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 Fannie Mae. Payments are made in equal installments in early August and mid-December.

Scholarship recipients are selected on the basis of:

  • Academic record
  • Demonstrated leadership and participation in school and community activities
  • Work experience and/or home responsibilities
  • Statement of career and educational goals and aspirations
  • Unusual personal or family circumstances
  • An online recommendation

Once scholarship recipients are selected, financial data is reviewed to determine the amount of each award, ranging from $750 to $2,000; however, qualified recipients demonstrating no financial need are eligible for an honorariums at the minimum level.

Recipients whose parents choose not to supply the requested financial information may be eligible to receive a minimum award only.

Selection of recipients is made by Scholarship America. In no instance does any officer or employee of Fannie Mae play a part in the selection. All applicants agree to accept the decision as final.

As part of your application, you must upload the following document:

  • Current, complete transcript of grades. Grade reports are not accepted. Unofficial or online transcripts must display student name, school name, grades and credit hours for each course, and term in which each course was taken

Also as part of your application, one online recommendation must be submitted on your behalf.

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

Fannie Mae has partnered with Scholarship America. Select the button below to be directed to the Scholarship America Student Hub!