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 RISE award amount will be $2,500.00. Any grant or scholarship money awarded to the student may be considered a non-federal match to the RISE Financial Literacy scholarship.