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Student Scholarship FAQs

GTE Financial offers annual Student Scholarships! Supporting our youth and their academic aspirations is one of our greatest achievements and something we’re very proud of.

Who is eligible to apply?

Applicants must meet all of the following criteria to be eligible for this scholarship:

  • The applicant must be a member of GTE Financial and be the primary account holder at the time of application.

(Not a member yet? Join GTE Financial for free before June 1nd to become eligible for the 2018 scholarship.)

  • The applicant must be an incoming freshman or a continuing full-time student pursuing an undergraduate degree. Graduating high school senior, undergraduate freshman, sophomore, junior, or senior continuing their undergraduate education in the following academic year is eligible. Not applicable for graduate level students.
  • Applicants must be attending courses full-time at an accredited two-year or four-year college/university in the United States.
  • Both previous applicants and previous winners are eligible and encouraged to reapply. 
  • There are no age limitations on applying for the scholarship as long as applicants meet the eligibility requirements stated above.

Note: The GTE Financial Board of Directors, the GTE Financial Supervisory Committee, the GTE Financial Executive Management Team, the GTE Financial Scholarship Selection Committee, any employee administering the scholarship program, or any family members of the above mentioned groups are not eligible to apply.

When is the application deadline for 2018?

June 1, 2018.

Winners will be announced in August.

What are the details of the award?
  • An amount of $2,500 scholarships will be awarded annually and are not renewable.
  • Students that have not been awarded the scholarship in previous years may reapply each year as long as they continue to meet the eligibility requirements.
  • The scholarships will be applied to tuition, fees, books, supplies and equipment required for the pursuit of their undergraduate degree.
  • Students may transfer from one institution to another and retain the award.
  • Previous winners are eligible to reapply each year.
How are the winners determined?

An independent selection committee will evaluate the applications and select the recipients considering:

  • Community involvement
  • Essay content
  • Academic achievements and records
  • Work experience

Decisions of the selection committees are final and are not subject to appeal. No application feedback will be provided.

Which school should I list on the application if I have not made a final decision?

You should list your first choice on the application. If you are chosen to receive an award, it will be your responsibility to make certain GTE Financial is aware of your final school choice so that your check can be issued accordingly.

How and when will I receive notification?
  • Notifications are sent to recipients and applicants not selected to receive an award by email approximately one month after the final deadline.

Note: Your email address will only be used to communicate with you about your scholarship applications or other opportunities administered by GTE Financial. We will not provide your email address to any third-parties.

Are scholarships taxable?

Tax laws vary by country. In the United States, scholarship funds used exclusively for the payment of tuition or textbooks are normally not taxable. The scholarship recipient is responsible for taxes, if any, that may be assessed against your scholarship award. We recommend consulting your tax advisor for more guidance. You may also consult IRS Publication 970 for further information (http://www.irs.gov/pub/irs-pdf/p970.pdf ).

How is my application evaluated in the scholarship decision process?

Applicant’s scores are based on a 100 point system based on the following criteria:

Scholarship Evaluation Chart.JPG

Where can I find my Member Identification number?

A Member Identification number is issued upon becoming a member of GTE Financial. If you are not a GTE member, please follow the membership link below:

BECOME A MEMBER

After enrollment, your member number will be located on the upper left hand corner of your Online Banking homepage.

How will I receive the scholarship award if I am selected as a winner?
If you are notified as a recipient of the scholarship, you must provide GTE with a proof of enrollment for the upcoming year at a university/college. Once GTE Financial receives your proof of enrollment, we will fund your corresponding University/College office (i.e. Financial Aid or Bursar's Office), appearing as a reimbursement from GTE Financial on your tuition bill.
Still have additional questions?
Please email scholarships@gtefinancial.org for specific questions and/or additional information.
What other items are asked for during the application?

During the application process, we will request specific details on:

  • Dedication to community service and its impacts
  • Volunteer hours
  • Current employer (if applicable)
  • Extracurricular activities
  • Honors or awards received
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