Illinois Bankers Association

Illinois Bankers Scholarship Fund

This program provides scholarship funding to high school graduates and college students seeking a degree in the financial services industry in order to promote the development and continuation of a vibrant talent pool of future leaders in the field of banking. Applications accepted between January 1 and March 31 with award recipients announced by May 31. The Scholarship Fund was developed under the guidance of the Illinois Bankers Scholarship Committee.

Illinois Bankers Scholarship

Apply Here! download Scholarship program flier

Make A Contribution (Tax-Deductible)

All donations to the Illinois Bankers Scholarship Fund will be paid into and held in a segregated fund within Illinois Bankers Education Services, a not-for-profit subsidiary, EIN 36-4271815, of the Illinois Bankers Association, and will be used exclusively for the purpose of granting scholarships under this program to further professional careers in banking. Donations paid into and held in this fund may be tax deductible as charitable contributions to the extent permitted by law. No proceeds from this fund will be used for government advocacy or other purposes.

DONOR LEVEL RECOGNITION

Contributors will be recognized in the Illinois Banker magazine and displayed in the Illinois Bankers Center for Banking Excellence.

Friend $25 - $500
Supporter $501 - $1,000
Patron $1,001 - $5,001
Champion $5,000+

Four Ways to Contribute

Online (Secure): Giving Guide

Mobile Text: 44-321 with the message “IBGIVE

Mail: Illinois Bankers Education Services, Inc.
3201 W White Oaks Drive, Suite 400, Springfield, IL 62704
Checks made payable to Illinois Bankers Education Services Inc.

Amazon Smile: Place your orders thru Amazon Smile (Illinois Bankers Education Services Inc.)

Illinois Bankers Scholarship and Linda J. Koch Scholarship Criteria

    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.

    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 

  • 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

Sample Language for you to use

Share the Good News with Your Family, Friends and Co-workers!

Announcement to Your Staff 

Applications are now open for the Illinois Bankers Scholarship. The Illinois Bankers Association (IBA) is awarding several scholarships to high school graduates and college students seeking a related degree in the financial services industry. The scholarship is intended to help support and continue building a vibrant talent pool of future leaders in the field of banking. One important criterion is that applicants must be sponsored by an IBA member financial institution along with an officer from the bank. If you or a family member, or you know of a customer or other local resident who would be interested in applying, BANK welcomes the opportunity to sponsor the applicants. Applications may be accepted until March 31. To learn more about the Illinois Bankers Scholarship Fund, please visit: www.ilbanker.com/Scholarship

Announcement for High School Counselors and University Colleges 

Applications are now open for the Illinois Bankers Scholarship. As a member of the Illinois Bankers Association (IBA), [ENTER BANK NAME] is pleased to participate in the Illinois Bankers Scholarship Program. The IBA is awarding several scholarships to high school graduates and college students seeking a related degree in the financial services industry for the upcoming school year. The scholarship is intended to help support and continue building a vibrant talent pool of future leaders in the field of banking. Among other criteria, applicants must be sponsored by [BANK] or another IBA member financial institution and accompanying bank officer, must be considering a career in the financial services industry, and must provide proof of enrollment or admission letter from a college or university. We welcome the opportunity to sponsor your student applicants. Contact [ENTER BANK OFFICER NAME / CONTACT INFO] to learn more about the scholarship program. Applications accepted until March 31. To learn more about the Illinois Bankers Scholarship Fund, please visit: www.ilbanker.com/Scholarship 

Announcement for Customers (social media, newsletters or other):

Applications are now open for the Illinois Bankers Scholarship. The Illinois Bankers Association (IBA) is awarding several scholarships to high school graduates and college students seeking a related degree in the financial services industry. The scholarship is intended to help support and continue building a vibrant talent pool of future leaders in the field of banking. One important criterion is that applicants must be sponsored by an IBA member financial institution along with an officer from the bank, must be considering a career in the financial services industry, and must provide proof of enrollment or admission letter from a college or university. As our valued customer, [ENTER BANK NAME] would welcome the opportunity to sponsor your application or another family member’s application. Applications accepted until March 31. To learn more about the Illinois Bankers Scholarship Fund, please visit: www.ilbanker.com/Scholarship