Post-Secondary Scholarship

OVERVIEW

This program provides for a maximum of five $2,500 one-year scholarships for students attending or entering an accredited degree or certificate granting institution and working towards their first degree/certificate.

The scholarship may be used to cover any post-secondary education expense.

While the scholarship is only for one year, the student can apply for a scholarship each year that he/she is in school and working towards the completion of the initial degree/program, for the "normal" term of their program based on full-time enrollment, four years or until termination from the educational facility, whichever comes first.

This means that a traditional four year college-bound student may be awarded as much as $10,000! Two-year program enrollees can be awarded as much as $5,000!

Bonus Entries!

Every member who applies for a Scholarship online at www.lcbalife.org will receive one additional entry.

Each applicant will get an additional entry for each current benefit member (parent, grandparent, great-grandparent) with an active LCBA certificate listed on the application.

Each applicant may be eligible for additional entries in the drawing based on academic performance, LCBA membership and LCBA fraternal involvement. (See full Bonus Entry Criteria below under GUIDELINES)

To Apply

Applications will be accepted starting February 1.

Call 1-800-234-5222 with any questions.

Bonus Entry Criteria

Up to 5 additional lottery chances are awarded to qualified entrants for each of the following:

One additional entry for each 0.25 (or fraction thereof) points of GPA over 3.0.
- Over 3.00 but less than 3.25 = 1 bonus entry
- Over 3.25 but less than 3.50 = 2 bonus entries
- Over 3.50 but less than 3.75 = 3 bonus entries
- Over 3.75 but less than 4.00 = 4 bonus entries
- 4.00 = 5 bonus entries
One additional entry for each full year of continuous LCBA benefit membership as an insured on either a life or annuity certificate with a limit of five additional entries. Continuous membership is measured starting with the year of application for the scholarship and counting backwards. Membership will be determined based on Association records on the application deadline.
One additional entry for each act of LCBA fraternal service as attested to by two LCBA Branch Officers with a limit of five. Each act of LCBA fraternal service must have been during the applicant’s most recent years of continuous benefit membership as described above. LCBA fraternal service verification forms will be sent to LCBA Officers for each applicant.

General Guidlines

Each scholarship will provide the actual cost of tuition to a maximum of $2500.
Scholarships will be awarded by lottery from eligible applications.
Every member who applies for a Scholarship online at www.lcbalife.org will receive one additional entry.
Each applicant will get an additional entry for every current benefit member (parent, grandparent, great-grandparent) with an active LCBA certificate listed on the application.
Each applicant may be eligible for additional entries in the drawing based on academic performance, LCBA membership and LCBA fraternal involvement (see Bonus Entry Criteria).
The scholarships are awarded by random drawing so each applicant has chance to win. An applicant can only receive one scholarship award per year.
The odds of winning are based on the number of applicants and the number of additional or bonus entries applicants are awarded.
Applications due May 1 each year.

* The application link is only available while the application process is open.

Eligibility

Applicant must be a Benefit or Agency member or be the natural or legally adopted great-grandchild, grandchild or child of a Benefit or Agency member. Membership status must be effective at the time of application and at the application deadline. Should a member apply and qualify as of the application date but die subsequently, the child is still eligible.
The applicant may only apply once each year but may be awarded additional entries to the drawing.
Entrant must have a minimum of a 2.5 on a 4.0 GPA scale or equivalent from their high school for those entering their first year and from their post-secondary institution for those beyond their first year and provide an official transcript as proof.
For POST SECONDARY SCHOLARSHIPS, please send official transcripts in a sealed envelope from your school to: LCBA, Attn: Scholarships, PO Box 13005, Erie, PA 16514 or if your school uses an online system please have the link emailed directly to scholarships@lcbalife.org.
Must be a high school graduate by July 31 of the year of entry (GED certificates will be accepted, both as evidence of graduation and for the 2.5 of 4.0 GPA requirement. If graduation requirement is not met, no check will be issued and the award is forfeited.)
Must be either entering a post-secondary institution for the first time, or be attending and still working towards first degree or certificate, and attending as a full-time student.
High school graduates (teenagers or adults) of any age can apply provided they are working towards their first degree/certificate.
Students entering 2nd, 3rd and 4th years can also enter.

Process

LCBA will screen applications for the eligibility requirements.
Scholarships will be awarded by random drawing. Selections are final.
Only one scholarship may be provided per applicant per year, regardless of the number of times his/her name may be drawn.
The LCBA President/CEO or appointees of the aforementioned will check each application and determine the number, if any, of bonus entries each applicant is eligible to receive.
Scholarship recipients will be notified by June 1 of the year in which the scholarship is awarded. Announcements will be made in Direction.
Payments are made directly to the post-secondary institution, unless otherwise requested and with the understanding that the latter will likely incur a taxable event. In the case where a scholarship is paid directly to the post-secondary institution for tuition only purposes, LCBA is not required to report the award to the IRS for income tax purposes. However, should the student choose to receive the scholarship directly in order to cover non-tuition expenses, LCBA is required to report the award to the IRS for income tax purposes and the student may incur a taxable event.
LCBA reserves the right to modify, suspend or terminate this program without prior notice. Such action would not affect the scholarships in process.

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