Illinois Bankers Association

Illinois Bankers Scholarship Fund

The 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 will be 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.

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View Scholarship program

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.


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+

Three Ways to Contribute

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.)

Award 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 
  • Applications may be received and scholarships awarded in multiple years
  • Illinois residency is not required
  • All accredited in-state and out-of-state colleges and universities are eligible 
  • 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
  • Minimum GPA is not required; however, applicants must include their GPA and transcripts in the application process
  • Awarded in amounts of $1,000
  • Total annual awards are capped at 25% of the fund balance
  • Several scholarships will be awarded annually

Application Preparation & Form - Submission Deadline is March 31

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 Sponsoring Illinois Bankers Member Financial Institution
(connect with us to learn if a financial institution is a member)
Name of Sponsoring Financial Institution Officer
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
Brief Statement – (250 words or less) that tells us why you are considering a career in the banking industry. 

Deadline for receipt of completed application and submission is MARCH 31.

Apply Here