Bank of America

Florida's Community Scholars Program

Eligibility Criteria

Scholarship Recipient:

Must be a first-time-in college (FTIC) student entering a state public university

Other Requirements:

  • Complete the Free Application for Federal Student Aid (FAFSA) and demonstrate financial need as defined by the university's financial aid office.
  • Recipient must demonstrate a history of community service as determined by the university.
  • The scholarship award will be evenly divided between fall and spring terms.
  • The student must maintain continuous enrollment, and scholarship eligibility will not exceed a maximum of eight (8) semesters.
  • For purposes of renewal, a student may utilize summer attendance in order to achieve the annual required GPA of 3.0. Scholarship funds will not be allocated during the summer term. Universities may advance money for summer school to students who are on schedule to graduate in fewer than four years. Universities will be reimbursed on the normal payment schedule.
  • Recipient must agree to authorize the release of his/her name, address, phone number, and academic progress to Bank of America.


  • Recipient must maintain an annual 3.0 GPA or higher.
  • Recipient must comply with all university regulations, rules, and codes of conduct governing students on campus.
  • Students who, because of extenuating circumstances, do not meet the renewal criteria may appeal to the scholarship committee for reinstatement.

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.