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7 17 and other credit union organizations offer various college scholarships to help defray the costs of higher education.
7 17 offers twelve $1,500 scholarships for post-secondary education. These scholarships are paid in two increments of $750, one half per term of study during the award year, upon verification of the student's full-time enrollment status after the drop-and-add period. Application packages must be returned to any 7 17 office no later than March 1. Recipients will be notified in early April and will be invited as guests to our annual meeting in late April. Individual students may apply for more than one scholarship, but will be granted only one $1,500 scholarship in a calendar year.
University-based Merit Scholarships
Four university-based merit scholarships are available to graduating high school students planning to attend the largest universities located within the communities we serve: one scholarship each for Youngstown State University, Kent State University-Main Campus, Kent State University Branches (one scholarship to be awarded from applicants to Trumbull, Salem, or Stark Branch Campuses), and the University of Akron. Applicants must have an account with 7 17 or be the legal dependent of a 7 17 Member. Recipients will be chosen by the financial aid departments of the respective universities based on the applicant’s grade point average, school and community involvement, and letters of recommendation. The university scholarships are non-renewable awards.
Credit Union Spirit Scholarships
As a financial cooperative, Members' resources are pooled to the financial benefit of the collective membership. In the spirit of the credit union movement’s “people helping people” philosophy, 7 17 offers four Credit Union Spirit Scholarships. These scholarships are also university-specific and apply to the same universities as the University-based Merit Scholarships (Youngstown State University, Kent State University-Main Campus, Kent State University Branches, and the University of Akron). They are also selected by the financial aid departments of the respective universities, but take financial need into account along with minimum merit requirements. Applicants for the Credit Union Spirit Scholarships are not required to be Members of 7 17 at the time of application, but must become a Member to receive the scholarship. If the applicant is not a 7 17 Member upon being selected, 7 17 will open a savings account for the recipient to establish membership.
cha-ching℠ Teen Club Scholarships
Two cha-ching℠ Teen Club scholarships are available for any post-secondary education, e.g., any accredited university or trade school. Applicants must be Members of the 7 17 cha-ching℠ Teen Club. Recipients will be chosen by a five-Member panel, which may include representatives from 7 17’s staff, Board of Directors, and independent university representatives, none of whom have a relative applying for this scholarship. Recipients will be selected based on response to an essay question. Student grade point average, school/community involvement, and letters of recommendation may also be considered if the essay scoring results in a tie.
the edge℠ Scholarships
7 17 offers two scholarships to 7 17 Members between the ages of 18 and 25, who have the edge℠ account, and pursuing a post-secondary education at any accredited trade school or university. Members with the edge℠ can apply for this scholarship each year they are pursuing a post-secondary education. The recipient will be chosen by a five-Member panel whose composition will be similar to the cha-ching℠ scholarship review panel. Recipients will be selected based on response to an essay question. Student grade point average, school and community involvement, and letters of recommendation may also be considered if the essay scoring results in a tie.
Scholarship applications are available in high school guidance offices and at any 7 17 office.
You can also download scholarship applications using the links below:
University of Akron Merit and Spirit Scholarships
Youngstown State University Merit and Spirit Scholarships
Kent State University Main Campus Merit and Spirit Scholarships
Kent State University Regional Campuses Merit and Spirit Scholarships
The cha-ching℠ Scholarships
The edge℠ Scholarships
Other scholarships are available through the Ohio Credit Union League and Ohio Credit Union Foundation, as explained below.
Ohio Credit Union League Scholarship
The Mahoning Valley Credit Union Outreach Alliance of the Ohio Credit Union League awards four $1,500 scholarships to high school seniors that plan to pursue post-secondary education of any kind, including professional, vocational, and academic studies not limited to colleges and universities. Download the scholarship instructions, which are mailed to all Trumbull, Mahoning and Columbiana County high school guidance counselor’s offices as well all area credit unions that are members of the local alliance. Application deadline is March 31.
Completed applications can be sent to Mark Munno, c/o 7 17 Credit Union, 3181 Larchmont Ave NE, Warren, Ohio 44483-2498. All applications received by the deadline will be given to the Mahoning Valley CU Outreach Alliance Scholarship Committee for selection; the scholarship will be awarded in April.
OCUF $5,000 video scholarship
The Ohio Credit Union Foundation (OCUF) provides a $5,000 video scholarship opportunity for Ohio credit union members pursuing an undergraduate degree. Entrants must answer the scholarship question by creating a 1-to-2½-minute video spotlighting one or more of the seven credit union cooperative principles. Video entries can be edgy, funny, bold, simple, serious – or anything in between. All video entries must be submitted by April 30. Video finalists will be selected by a judging panel at OCUF and appear on the OCUF website and the scholarship winner will be announced May 31. Learn more about this scholarship opportunity.