RISE FINANCIAL LITERACY SCHOLARSHIP is a need based scholarship program that offers students $2,500 in scholarship dollars in exchange for completing 8 FDIC MoneySmart Financial Literacy units.

Eligibility Requirements

  • Applicant must be a U.S, citizen or permanent resident
  • Household income must not exceed 200% of the national poverty limit.
  • There must be some form of non-federal income within applicant’s household.
  • Applicant must be a graduating high school senior, or current student in a college, university, trade school, or qualifying 2- or 4-year degree program, and a full-time student

Program Requirements                                     

Student applicants:

  • Must complete 8 units of FDIC financial literacy units (online).
  • Have a minimum outstanding balance of $2500 in eligible unpaid costs of attendance
  • Must be enrolled full time in a high school, college, university, or trade school

Qualifying Expenses

  • Tuition, housing, and fees required for the enrollment or attendance of a student at an eligible educational institution
  • Fees, books, supplies, and equipment required for courses of instruction at an eligible educational institution

Matching Funds

  • The college, university, or trade school of attendance is encouraged to add a non-federal match to each Financial Literacy Award; however, funding varies by college.
  • Each student’s award amount may differ and range between $2,500 and $4,500 depending on the amount of grant or scholarship dollars that the financial aid office reports the student as having received. Any grant or scholarship money awarded to the student may be considered a non-federal match to the RISE Financial Literacy scholarship.