FAIRFIELD – Golden 1 Credit Union announced on Thursday that the application period is open for the 2022 scholarship program.
The credit union awards $400,000 in scholarships to select students who are pursuing a higher education. The application period will run until January 31.
The Golden 1 Credit Union Scholarship Program provides Golden 1 members and their dependents with financial assistance, up to $20,000 per student, to attend accredited full-time, non-profit two-year community colleges or four-year colleges and universities in California.
The credit union believes it is especially important to offer scholarships for higher education, according to a press release. A recent study by Sallie Mae cited scholarships as the second largest source of student funding, with 58% of students using them in 2020 to help pay for college.
“Each year, we receive a pool of applicants who continue to amaze and inspire us,” said Erica Taylor, Vice President of Communications and Community Relations at Golden 1 Credit Union. “Golden 1 is proud to help a new generation of leaders from the communities we serve pursue their education and dreams while alleviating some of the anxiety that comes with education-related costs.”
Golden 1 awarded scholarships to 43 California students in 2021 to help offset the college’s financial costs, according to the press release. Students received awards based on their academic achievements and evidence of community involvement. Recipients ranged from freshmen in college to seniors at in-state colleges or universities.
“The Golden 1 Scholarship Program provides a wonderful opportunity to expand educational resources for California students,” Taylor said in the statement. “We encourage all eligible applicants to apply for the Golden 1 Credit Union Scholarship Program as they continue their educational journeys.”
Golden 1 has branches at 1380 Holiday Lane in Fairfield, 196 Nut Tree Parkway in Vacaville and 768 Admiral Callaghan Lane in Vallejo
For more information on the Golden 1 Scholarship Program, visit golden1.com/our-community/