Through the Annual Arkansas Community Lender Scholarship Program, ASLA will match contributions up to $500 from community banks that wish to participate in offering Arkansas scholarships. ASLA supports the efforts of the banking community, and would like to encourage banks to support their college-bound students and families.
A college education is a major ingredient for success in the world today. No matter what type of degree or certification, or what type of school -- whether a four-year college or university, a community college, or a trade school -- education past high school graduation is the key to success.
We hope you’ll join us in our mission to provide college funding to as many Arkansas students as possible through Arkansas scholarships. A more educated Arkansas means a healthier economy. Together we can make a difference, one student at a time.
Eligibility
Lenders located in the state of Arkansas are eligible to participate in the Arkansas Community Lender Scholarship Program to offer Arkansas scholarships.
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Matching
ASLA will match contributions up to $500 from community banks that wish to participate in offering Arkansas scholarships. Lenders with multiple branches located in different cities throughout Arkansas may award one scholarship per city in up to four different cities.
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Process
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Lender decides to participate in the Arkansas Community Lender Scholarship
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Lender carefully reviews the Selection of Recipients section (page 3)
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Lender establishes selection criteria and develops application
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Lender selects and notifies winner
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Lender completes Participant Form
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Lender mails Participant Form and check to ASLA by a May 30 deadline
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ASLA mails check receipt to lender
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Scholarship receiptant must send school enrollment verifcation to ASLA by June 30
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If a student is NOT admitted by June 30 of the same year the lender will be given an opportunity to select an alternate scholarship recipient or accept a refund check
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ASLA sends Award Letter and check to the Financial Aid Office at the appropriate College or University
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ASLA sends copy of Award Letter to lender and student
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Selection Criteria
Lenders are responsible for establishing their own scholarship selection criteria, developing a scholarship application, and selecting a scholarship recipient.
Required Selection Criteria
Eligible winners must meet the following criteria:
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Plan to enroll in full- or half-time undergraduate or full-time graduate- or professional-degree coursework at an accredited two- or four-year college, university or vocational/technical school, beginning with the fall term, located in the state of Arkansas.
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Arkansas Community Lender Scholarships must be used for tuition, room and board, and/or other educational-related expenses.
Optional Selection Criteria
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Past academic performance and future potential
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Leadership and participation in school and community activities
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Work experience
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Career and educational aspirations and goals
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Unusual personal or family circumstances
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Ideas for Distribution
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Lender may contact local high school(s) and work with counselor(s) to distribute scholarship applications and select a scholarship winner
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Lender may conduct a campaign for college students by placing each student who opens a checking or savings account into a scholarship drawing.
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Financial Aid Officesat local Colleges or Universities may be contacted to inquire of students in need or worthy of an Arkansas scholarship
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How to Participate
If you are interested in participating in the Arkansas Community Lender Scholarship Program, simply complete the following:
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Return the Participant Form to Amy Neathery, ASLA, 3801 Woodland Heights, Suite 200, Little Rock, AR 72212.
Participant form and check must be received prior to the May 30 deadline.
If you have questions or comments about the Arkansas Community Lender Scholarship please contact Amy Neathery by calling 1-800-443-6030 or via aneathery@asla.info.
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