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

Rhea-AI Summary

PNC Bank has launched a $120,000 scholarship program aimed at expanding access to higher education. The program will provide 12 scholarships of $10,000 each to students attending or planning to attend college across the U.S. This initiative enhances PNC's existing scholarship program, which has been awarding $2,000 scholarships to 12 students annually for the past decade.

The new program features two application periods: June 1, 2024, to November 30, 2024, and December 1, 2024, to May 31, 2025. Students not selected in the first cycle will be automatically considered for the second cycle. The scholarship aims to support students in achieving their educational goals, reaffirming PNC's commitment to investing in future leaders. For more details, interested students can visit PNC's official website.

Positive

• Increased scholarship amount from $2,000 to $10,000 per award.
• Total scholarship funding enhanced to $120,000 annually.
• Two application periods provide more opportunities for students.
• Program supports higher education access and aligns with PNC's community investment goals.
• Automatic consideration for students in the second application cycle if not selected in the first.

Negative

• Only 12 scholarships are available, limiting the number of beneficiaries.
• No explicit details on how the selection criteria or process has been improved.

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

PITTSBURGH, June 5, 2024 /PRNewswire/ -- PNC Bank today 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  

 

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SOURCE PNC Bank

FAQ

What is the new scholarship amount offered by PNC Bank in 2024?

PNC Bank is offering $10,000 scholarships to 12 students in 2024.

When can students apply for the PNC scholarship program?

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

How many scholarships will PNC Bank award each year?

PNC Bank will award 12 scholarships each year.

What was the previous amount of PNC Bank's scholarship awards?

Previously, PNC Bank awarded $2,000 scholarships.

Will students who don't win in the first application cycle be reconsidered?

Yes, students not selected in the first cycle will be automatically reconsidered for the second cycle.