PNC Bank Launches $120,000 Scholarship Program To Expand Access to Higher Education

Rhea-AI Summary

PNC Bank has announced an enhanced scholarship program that will award $10,000 to 12 students nationwide. The program expands on PNC's existing initiative, which currently offers $2,000 scholarships to 12 students each year. The new program will be divided into two application periods: June 1, 2024, to November 30, 2024, and December 1, 2024, to May 31, 2025. Students who do not receive a scholarship in the first cycle will automatically be considered in the second cycle. This initiative underscores PNC's commitment to supporting future leaders in their pursuit of higher education.

Positive

• PNC Bank increased scholarship amounts from $2,000 to $10,000.
• The program now offers a total of $120,000 in scholarships annually.
• Two application periods increase chances for students to receive scholarships.

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• None.

Current and future college students can apply now for one of 12 available scholarships

PITTSBURGH, PA / ACCESSWIRE / June 21, 2024 / PNC Bank introduced an enhanced program that will award $10,000 scholarships to 12 deserving students attending or planning to attend college across the country.

PNC's existing, decade-long scholarship program currently awards $2,000 scholarships to 12 students each year. This enhanced program will build on the successes of PNC's current program and provide students with additional resources to help make their dreams of higher education a reality.

"We've seen first-hand how accessing higher education can be life-changing for students," said Harjas Sidhu, PNC Bank's head of Personal Lending, Student Lending and FlexPay. "Expanding our scholarship program further underscores our commitment to helping our nation's future leaders access the necessary resources they need to reach their higher education goals."

Aligning with the academic year, the program offers scholarships in two application periods: from June 1, 2024, to Nov. 30, 2024, and Dec. 1, 2024, to May 31, 2025. Students who apply for the first registration cycle but don't win a scholarship, will remain in the running for the next application cycle ending May 31, 2025.

Students can access the scholarship rules, check school eligibility and enter here.

PNC Bank, National Association, is a member of The PNC Financial Services Group, Inc. (NYSE: PNC). PNC is one of the largest diversified financial services institutions in the United States, organized around its customers and communities for strong relationships and local delivery of retail and business banking including a full range of lending products; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management and asset management. For information about PNC, visit www.pnc.com.

CONTACT:

Dan Yampolsky
(813) 637-7197
dan.yampolsky@pnc.com

SOURCE PNC Bank

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Contact Info:
Spokesperson: The PNC Financial Services Group
Website: https://www.3blmedia.com/profiles/pnc-financial-services-group
Email: info@3blmedia.com

SOURCE: The PNC Financial Services Group

View the original press release on accesswire.com

FAQ

What is the new scholarship amount PNC Bank is offering?

PNC Bank is offering $10,000 scholarships to 12 students nationwide.

When can students apply for the PNC Bank scholarship?

Students can apply during two periods: June 1, 2024, to November 30, 2024, and December 1, 2024, to May 31, 2025.

What happens if a student doesn't win a scholarship in the first application cycle?

Students who do not win in the first cycle will be automatically considered for the second application cycle ending May 31, 2025.

How much total scholarship money is PNC Bank offering annually?

PNC Bank is offering a total of $120,000 in scholarships annually.