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The application program will be available again mid-December. 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!


Peter J. McGrail Scholarship Program
Application status: Closed


In honor of Paylocity’s late Chief Financial Officer, Peter J. McGrail, Paylocity has established a scholarship program to advance education among the next generation. In keeping with Peter’s passion for learning, the award was created in his legacy by his Paylocity colleagues to assist children of employees who plan to continue their education in college, upholding Peter’s steadfast belief that learning and curiosity propel lives.

Peter J. McGrail 

In a career spanning 25+ years, Peter worked as a financial executive for highly successful public and privately held companies. He joined Paylocity as CFO in 2010 and served until 2017. Peter was passionate about driving a learning and development culture across the organization. His guidance and insights were invaluable as Paylocity transitioned from a private to publicly traded company in 2014. Peter had a remarkable ability to manage multiple complex areas of business, while never losing sight of what was most important: his family. He will always be remembered for his wisdom, genuineness, and friendship, as well as his willingness to help others – all of which are hallmarks of Peter’s legacy.

Paylocity hopes that those who receive this annual scholarship embrace learning as a lifelong pursuit, capitalizing on their potential and the power of education to become lifelong learners, just like Peter.

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 to the Peter J. McGrail Scholarship must meet all eligibility requirements, including:

  • Be dependent* children, age 26 and under, of full-time Paylocity employees who have a minimum of two (2) years of employment with the company as of the application deadline date.
  • Be a high school senior, high school graduate, or current post-secondary undergraduate, who plans to enroll or is already enrolled in full-time undergraduate study at an accredited four-year college or university for the entire 2021-2022 academic year.
  • Children of VP-level employees and above are ineligible to apply.

*Dependent children are defined as biological, step-or legally adopted children living in the employee’s household or primarily supported by the employee.

Award Information:

  • If selected as a recipient, the student will receive an award of $2,500. Up to fifteen (15) awards will be granted.
  • Awards are not renewable, however students may reapply to the program each year they meet eligibility requirements.
  • Awards are for undergraduate study only.

Selection Information:

Scholarship recipients are selected on the basis of:

  • academic record
  • demonstrated leadership and participation in school and community activities
  • work experience
  • statement of goals and aspirations
  • unusual personal or family circumstances
  • an online recommendation

Financial need is not considered.

Selection of recipients is decided by Scholarship America. In no instance does any officer or employee of Paylocity play a role in the selection.

All applicants agree to accept the decision as final.


Applicants will be notified in May. Not all applicants to the program will be selected as recipients.

Payment of Scholarships

Scholarship America processes scholarship payments on behalf of Paylocity. Scholarships are granted in one installment in mid-July. Checks are sent directly to the awardees but are made payable to the awardee’s attending institution.


Paylocity reserves the right to review the conditions and procedures of this scholarship program and to make changes at any time including termination of the program.


  • December 18: Scholarship program opens for applications
  • December – January: Scholarship program actively accepting applications
  • February 15: Scholarship program closes for applications
  • April:
    • Students must finalize school selection and acceptance process
    • Awardees are determined by Scholarship America
    • PCTY verifies awardees eligibility
  • May:
    • Awardees are notified by Scholarship America
    • Awardees winners provide verification of school selection and confirm fall enrollment
  • July: Checks are distributed to each awardee. Checks are sent directly to the awardees but are made payable to the awardee’s attending institution.

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

  • A 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.
  • A high-resolution head and shoulders photograph (2.5 x 3.5) to be used only in awardee announcements if you are selected as a recipient of the scholarship.
  • One online recommendation form must be submitted on your behalf from a professional or academic reference.

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

Paylocity has partnered with Scholarship America. Selecting the button below will redirect you to the Scholarship America Student Hub!