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Sallie Mae Family Scholarship Program
Deadline to apply: January 15, 2020 3:00 pm CT

Sallie Mae has established a scholarship program to assist employees’ children who plan to continue their education in college or vocational school programs. Renewable scholarships are offered each year for full-time study at an accredited institution of the student’s choice.

This scholarship 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 of the Sallie Mae Family Scholarship Program must be:

  • Dependent* children, of full-time or part-time (24 hours/week or more) employees of Sallie Mae and/or its subsidiaries who have a minimum of one year of employment with the company as of the application deadline date.
  • *Dependent children are defined as natural and legally adopted children or stepchildren of the employee who qualify for benefits provided by Sallie Mae.
  • High school seniors or university students who plan to enroll or are already enrolled in full-time undergraduate or graduate study at an accredited two-year or four-year college, university, or vocational-technical school for the entire upcoming academic year.

Children of officers or members of the Board of Directors of Sallie Mae and/or its subsidiaries are ineligible.

Award information:

  • If selected as a recipient, the student will receive a $5,000 award
  • Up to ten (10) awards will be granted each year
  • Awards may be renewed for up to three (3) additional years or until a degree or certificate is earned, whichever occurs first
  • Renewal is contingent upon satisfactory academic performance in full-time study, continued employment of the student’s parent with the company, and continuation of the program by Sallie Mae
  • Students whose parents’ jobs were terminated, subject to the terms of a severance agreement between the parent and Sallie Mae, will continue to be eligible for renewal as long as the student remains in good standing

Students may remain eligible for renewal provided the student has continuous schooling (no breaks) when moving from undergraduate degree to graduate degree.

Awards are for undergraduate or graduate study.

Scholarship recipients are selected on the basis of:

  • Academic record
  • Demonstrated leadership and participation in school and community activities
  • Honors
  • Work experience
  • Statement of career and educational goals and aspirations
  • Unusual personal or family circumstances
  • An outside appraisal

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

Notification

Applicants will be notified in March. Not all applicants to the program will be selected as recipients. Students not selected as recipients may reapply to the program each year they meet eligibility requirements.

Payment of Scholarships

Scholarship America processes scholarship payments on behalf of Sallie Mae. Payments are made in one installment early August.

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, an outside appraisal must be submitted on your behalf through the Scholarship America Hub by 3:00 p.m. CT on January 20, 2020.

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

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