2022 ELC underGraduate Scholarship

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).

Six (6) scholarship awardees will receive a two-year, need based scholarship in the amount of $11,350 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 Details

Institution Type Historically Black Colleges and Universities (HBCUs)
GPA Requirement 3.2 GPA or higher
Fall 2022 Classification Rising Sophomore or Junior
Major Open to all majors, preference given to finance and technology related disciplines
Award Amount $11,350 per academic year
Award Length 2-year scholarship award
Internship Opportunity for internship considered. Placement is not guaranteed.


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