Voya Foundation has established a scholarship program to assist former constituents of Voya Financial Charitable Programs.
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, age, gender, disability, or national origin.
Applicants to the Voya Scholars Program must meet all of the following criteria:
If selected as a recipient, the student will receive $10,000. Up to five (5) awards will be granted.
Award disbursement will be divided equally among the number of years the recipient has remaining in postsecondary education. Awards will continue to be granted on the basis of satisfactory academic performance or until a bachelor’s or master’s degree is earned.
For example, incoming freshmen will receive four (4) payments of $2,500 each. Rising juniors will receive two (2) years’ payments of $5,000 each. Students completing a two-year year program may transfer to a four-year program. Award disbursements for two-year programs will be considered on a case-by-case basis.
Award recipients will also be provided the opportunity to receive a mentorship by an employee from Company.
Awards are for undergraduate and graduate study, or financial certification (CFA).
Scholarship finalists are selected on the basis of academic record, demonstrated leadership and participation in school and community activities, work experience, a statement of career and educational goals and objectives, unusual personal or family circumstances, and an outside appraisal. Essay responses will not be used in the evaluation for finalists. Finalists must demonstrate financial need, as calculated by Scholarship America.
Preference will be given to students pursuing degrees in business or finance.
Selection of finalists is made by Scholarship America. Voya Foundation will then select recipients from the group based on their application and essay responses. All applicants agree to accept the decision as final.
Not all applicants to the program will be selected as finalists/recipients.
All applicants will be notified in April.
Payment of Scholarships
Scholarship America processes scholarship payments on behalf of Voya Foundation. Payments are made in equal installments in August and December.
Also as part of your application, one online recommendation form must be submitted on your behalf no later than February 17, 2021 3:00 pm.
Your application is not considered complete unless all required documents are submitted electronically.