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Wells Fargo Employees’ Dependent Children Scholarship Program
Deadline to apply: February 26, 2024 11:59 pm CT

Wells Fargo has established a scholarship program to assist Wells Fargo employees’ dependent children 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 Wells Fargo Employees’ Dependent Children Scholarship Program must be:

  • Dependent* children, age 26 and under, of regular or part-time USA based Employees (or their domestic partners) or employees on leave of Wells Fargo or its domestic affiliates, who have a minimum of one-year continuous employment with Wells Fargo as of July 1, 2024.
    *Dependents of employees who have been laid off, or who are on an approved leave of absence will be considered.
  • Current high school seniors or high school graduates, or college/post-secondary undergraduates or college graduates who are enrolled or planning to enroll in a full-time undergraduate or graduate course of study at an accredited two- or four-year college, university, or vocational-technical school for the entire academic year.
  • All previous recipients may reapply if they meet the above eligibility criteria and have not received the award greater than four (4) times for undergraduate study and two (2) times for graduate study.

Awards will range from $1,000 to $3,000. Awards amounts will be based on financial need.

Awards are renewable on the basis of satisfactory academic performance, full-time enrollment and continued parental employment until July 1, 2024.

Undergraduate awards are renewable at the initial award amount up to the graduation date reported on the original application. This may be up to three years or until a bachelor’s degree is earned, whichever comes first. If additional renewal terms are needed, the student must reapply.

Graduate awards are renewable up to the graduation date reported on the original application or up to one year or until a graduate degree is earned, whichever comes first.

The maximum total number of years a student may receive an award is limited to six (6) times including past recipient years (4 years maximum for undergraduate and 2 years maximum for graduate study.) Renewal awards cannot transfer from an undergraduate degree to a graduate degree. Undergraduate recipients must reapply for graduate awards.

Applicants not selected as recipients may reapply to the program each year they meet eligibility requirements.

Applicants will be notified in late May. Check your email regularly. Not all applicants to the program will be selected as recipients.

Payment of Scholarships
Scholarship America processes scholarship payments on behalf of Wells Fargo. Payments are made in one installment in late August. The employee parent must be employed on July 1, 2024 for recipient to be eligible for payment.

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

Once an applicant is determined a recipient based on the above criteria, financial need will be used to determine the award amount based on the Wells Fargo employee’s eligible compensation range.

Selection of recipients is made by Scholarship America. In no instance does any officer or employee of Wells Fargo 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(s):

  • A current, complete transcript of grades displaying:
    • Your name
    • Your school’s name
    • Terms (semester or quarter in which classes were taken)
    • Grades earned for each class.
  • Grade reports are not accepted.

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

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

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