Illinois Bankers Scholarship

The Illinois Bankers Scholarship Fund promotes excellence in the field of banking while developing a vibrant talent pool of future banking leaders. The Scholarship Fund awards scholarships in the amount of $1,000, designed to support high school graduates or undergraduate college students who are planning to pursue a career in the field of banking.

Several $1,000 scholarships are awarded annually from the Illinois Bankers Scholarship and the Linda J. Koch Scholarship funds. Total awards are capped at 25% of the fund balance. The deadline for receipt of the completed application and submission is MARCH 31.

Application Criteria

  • High school graduates enrolling in college and undergraduate college students seeking a financial industry-related degree
  • Student applicants must be sponsored by an IBA member financial institution and an accompanying bank officer. Banks may sponsor more than one applicant. 
  • Proof of enrollment or admission letter from a college or university; all accredited in-state and out-of-state colleges and universities are eligible 
  • Applications may be received and scholarships awarded in multiple years
  • Illinois residency is not required
  • Applicants are required to disclose their field of study; the Committee has the discretion to determine whether the curriculum falls within a banking industry-related degree
  • No demonstration of financial need is required
  • Applicants must include GPA and transcripts in the applications process
  • Linda J. Koch Scholarship is awarded to applicants who demonstrate exemplary leadership and service characteristics with a minimum 3.0 GPA

Application Process

You will not be able to stop the application process and complete it at a later date. Your application must be completed in one sitting. You must have the following required information ready:

Applicant Profile

  • Name of Sponsor: Illinois Bankers Member Financial Institution and Officer (Name, Email, Phone, Address)
  • Your Birth Year & Family Member Employed at Financial Institution (if applicable)

Education History

  • ACT / SAT Composite Score
  • Name of High School / College
  • High School / College: GPA / Rank

Work Experience / Activities / Awards

  • Work Experience, Extracurricular Activities, and Awards
  • Brief Statement – (250 words or less) that tells us why you are considering a career in the banking industry. 

Applicant Profile

Education History

Work / Activities / Awards Experience