ACG Scholarship Fund
American Capital Group has established a scholarship program to assist children of employees who plan to continue their education at a two- or four-year college, university or vocational-technical school.
ACG Scholarship Fund
The program is administered by Scholarship America®, the nation’s largest designer and manager of scholarships and other education support programs for corporations, foundations, associations, and individuals. Eligibility for individual programs is determined at the sole discretion of the sponsor and eligible applications are reviewed by Scholarship America’s evaluation team.
Eligibility
Applicants to the ACG Scholarship Fund must:
- Be dependent*children, age 26 and under, of full time American Capital Group corporate employees who have a minimum of 1 year employment with the company as of the application deadline date.
*Dependent children are defined as biological, step- or legally adopted children living in the employee’s household or primarily supported by the employee. - Be high school seniors or graduates, or current postsecondary undergraduates, who plan to enroll in full-time undergraduate study at an accredited two- or four-year college, university or vocational-technical school for the entire upcoming academic year.
- Have a minimum grade point average of 3.0 on a 4.0 scale (or its equivalent).
Assuming there are qualified applicants, preference will be given to applicants pursuing an area of study related to American Capital Group’s industry, including but not limited to Finance, Real Estate, Architecture/Design Construction, Human Resources, Business, and Trade Technicians.
Awards
If selected as a recipient, the student will receive a $10,000 award. Up to two awards will be granted.
Awards are not renewable, but students may reapply to the program each year they meet eligibility requirements.
Awards are for undergraduate study only.
Awards are for qualified education-related expenses only (tuition, fees, books, and required supplies/equipment).
Notification
All applicants will be notified in late June.
Notifications are sent via email. When setting up your account, avoid using a school or work email. Instead, use an active, personal email address that you will continue to have access to.
Payment of Scholarships
Scholarship America processes scholarship payments on behalf of American Capital Group. Payment is made in August.
Selection of Recipients
Scholarship recipients are selected on the basis of:
- Academic performance
- Demonstrated leadership and participation in school and community activities
- Work experience
- A statement of educational and career goals and objectives
- Unusual personal or family circumstances
- An online recommendation
Financial need is not considered.
Selection of recipients is made by Scholarship America. In no instance does any officer or employee of American Capital Group play a part in the selection. Not all applicants to the program will be selected as recipients. Students may reapply to the program each year they meet eligibility requirements. All applicants agree to accept the decision as final.
Requirements
As part of your application, you must upload the following:
- A current, complete transcript of grades. Grade reports are not accepted. Transcripts must display:
- Student name
- School name
- Grades
- Credit hours for each course and term in which each course was taken.
NOTE: If you are providing SAT or ACT test scores, and those scores are not listed on your high school transcript, you will need to upload a copy of your test score report(s) separately. If you are uploading a college transcript, those scores are not required.
One online recommendation form must be submitted on your behalf no later than three business days after the application deadline date.
Your application is not complete unless all required materials are submitted electronically.
