ELC underGraduate Scholarship

2024 Bank of America Power to Soar Scholarship

Sponsored by Bank of America, this scholarship is awarded to high-achieving undergraduate Black students who are enrolled in one of the nation’s Historically Black Colleges and Universities (HBCUs). This scholarship opportunity is open to rising sophomores and juniors.

Scholarship awardees will receive a two-year, need based scholarship in the amount of $12,500 per year to assist with educational expenses for the upcoming academic year. The scholarship will be paid directly to the awardees’ college and will be disbursed in equal amounts for the fall and spring semesters. Scholars will be required to resubmit their transcripts and meet the GPA criteria at the end of the academic year to renew the award for the subsequent academic year(s).


Scholarship Name Bank of America Power to Soar
Scholarship $ Amount $12,500/year
Scholarship Length 2 years
Preferred Major Open
Academic Classification Sophomore or Junior