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The application program will be available again in January 2025. Please return then to view the updated Eligibility and Awards for the 2025 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!

RBC Wealth Management Scholarship Program
Application status: Closed

The program will close on February 28 or once 100 applications are received, whichever occurs first.

RBC Wealth Management, a division of RBC Capital Markets, LLC has established a scholarship program to assist students who plan to continue their education in college or vocational school programs.

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 to the RBC Wealth Management Scholarship Program must:

  • Reside in the United States (U.S.); and
  • Be high school seniors planning to enroll in fulltime undergraduate study at an accredited two-or-four-year college, university or vocational-technical school in the U.S. for the entire academic year; and
  • Have a minimum grade point average of 3.0 on a 4.0 scale (or its equivalent); and
  • Self-identify as female

Immediate family members and/or employees of the donors are ineligible to apply.

Awards

If selected as a recipient, the student will receive a $5,000 award. There will be 2 award recipients, one for each of the scholarships listed below. Awards may be renewed for up to three additional years or until a bachelor’s degree is earned, whichever occurs first. Renewal is contingent upon satisfactory academic performance in a full-time course of study.

Awards will be named as follows:

  • Women on the Rise Scholarship (to be awarded to a woman who self-identifies as Black or African American, American Indian or Alaska Native, Hispanic or Latino, Asian, Native Hawaiian or other Pacific Islander)
  • PSB Scholarship (open to all women regardless of racial identity)

Awards are for undergraduate study only. Assuming there are qualified applications, preference will be given to first generation students.

Notification

All applicants will be notified in May.

Payment of Scholarships

Scholarship America processes scholarship payments on behalf of RBC Wealth Management. Payment is made in August.

Selection of Recipients

Scholarship recipients are selected on the basis of:

  • 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

Financial need, as calculated by Scholarship America, must be demonstrated for the student to receive an award. Selection of recipients is made by Scholarship America. In no instance does any officer or employee of RBC Wealth Management play a part in the selection. Not all applicants to the program will be selected as recipients.  All applicants agree to accept the decision as final.

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

  • 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.

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

RBC Wealth Management, a division of RBC Capital Markets, LLC has partnered with Scholarship America. Selecting the button below will redirect you to 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.