Must be a first-time-in college (FTIC) student entering a state public university
Number of Scholars:
One (1) recipient per year for each state university. Each university will phase in four (4) recipients over a four year period which will ultimately result in 40 scholarships being awarded annually.
Amount of Award:
Each recipient will receive a $3,000 annual scholarship renewable for three (3) years. The amount of a scholarship may vary based on the amount of interest available annually.
Bank of America Job Opportunities:
Each year a list of students receiving the Bank of America scholarships will be provided to the Bank of America Foundation, state office in Jacksonville. That office will notify the Bank of America office nearest the university where the students are attending. The local office will contact the students regarding potential summer job opportunities.
University Follow Up Regarding Student Progress:
Each year an annual student progress report will be provided to the Bank of America Foundation state office in Jacksonville. By June 1st of each year universities shall submit these reports to the Board of Regents, Office of Planning, Budgeting and Policy Analysis. Additionally, by August 1st of each year, the names of new recipients shall be submitted to the Office of Planning Budgeting and Policy Analysis.