FBEF Forgivable Loan Scholarship

Award Amount
Award Amount

$50,000

Application deadline
Application deadline

February 01

Awarded By:

Florida Bankers Educational Foundation

Number of Awards & Eligibility: The number of awards offered varies annually depending on the number of qualified applicants. For the current fiscal year, approximately 10 awards are expected to be given.
In order to qualify, students must meet the following criteria:
  1. This award is for U.S. students.
  2. Must be a resident of Florida.
  3. Must have a cumulative grade point average of 2.5 or higher.
  4. Must be enrolled at one of the following Florida colleges or universities: Barry University, Eckerd College, Flagler College, Florida A&M University, Florida Atlantic University, Florida Gulf Coast University, Florida International University, Florida Memorial College, Florida Southern College, Florida State University, Jacksonville University, Nova Southeastern University, Palm Beach Atlantic College, Rollins College, Saint Leo College, St. Thomas University, University of Central Florida, University of Florida, University of Miami, University of North Florida, University of Sarasota, University of South Florida, University of Tampa, University of West Florida, Warner Southern College, or Webber College.
  5. Must major in a banking-related field, such as business, economics, finance, accounting, business administration, business management, marketing, or human resources.
  6. Must be a U.S. citizen or permanent resident.
  7. Must be enrolled in a minimum of 12 credit hours per semester.
  8. Must be a college sophomore, junior, senior, or graduate student at time of application.

In order to qualify, students must meet the following criteria:

Description: This loan forgiveness program is available for Florida college juniors, seniors, and graduate students who are attending an eligible college. Students must major in business, economics, finance, accounting, business administration, or other bank related majors and maintain a GPA of 2.5 or higher.

Application requirements for the FBEF Forgivable Loan Scholarship are:

  • Essay
  • Recommendation letter
  • Application form
  • Official Transcript
Additional Information: Each student applying for an FBEF Scholarship/Loan may be considered for one of five special scholarships if the FBEF Board of Trustees determines the student's educational or work experience makes him/her an exemplary candidate. Students who have already worked in Florida banking for five years or more can apply for grant funding at the freshmen and sophomore level. The FBEF Scholarship/Loan will be paid, in full, by FBEF after all requirements are met by the student, the most important of which is the forgiveness requirement. All scholarship/loan recipients are required to work full time at a Florida, FDIC-insured financial institution for one year following graduation. At the end of the first year of employment, the student's loan is forgiven. If a student decides not to work in Florida banking after graduation, it is then his/her responsibility to repay the loan.

Award Amount: The amount of the FBEF Scholarship is based on the number of semesters the student has remaining until graduation. Awards generally range from $500 to $5,000 annually, non-renewable.  The total dollars awarded for this scholarship is $50,000.

Deadline Information:

Deadline for this scholarship is Wednesday, February 1, 2023

Deadline Information:

Deadline for this scholarship is Wednesday, February 1, 2023

Applications are available by contacting the Florida Bankers Educational Foundation (FBEF) director using the contact information provided. In addition to a completed application, the following materials must be submitted: two letters of recommendation, including the signature of the applicant's FBEF Representative at his/her institution; an official transcript; a completed 'Authorization of Credit Check' form; and an 'Interviewing Banker Report.' For the 'Interviewing Banker Report,' the student is responsible for obtaining the signature of his/her institution's FBEF Representative, as well as undergoing an interview by one of the interviewing bankers listed on the FBEF website. All forms must be completed and mailed to the FBEF office prior to the next application deadline. The application deadlines are: Feb. 1; May 1; Aug. 1; and Nov. 1.
About Florida Bankers Educational Foundation:
Contact Information: Letty Newton, Director
Address: P.O. Box 1360 Tallahassee, Florida 32303
Email: lnewton@floridabankers.com
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