Florida Banking August 2021

FLORIDA BANKERS EDUCATION FOUNDATION

GOING BACK TO SCHOOL? FLORIDA BANKERS EDUCATIONAL FOUNDATION (FBEF) OFFERS FINANCIAL ASSISTANCE

BY LETTY NEWTON, DIRECTOR, FBEF

H ave you or a coworker been thinking about going back to school but wonder how you would pay for it? The cost of returning to school can make students feel like it would be too expensive, but it doesn’t have to be with the right resources. The Florida Bankers Educational Foundation (FBEF) can help you with your education expenses. Since 1956, the FBEF Scholarship/Loan Program has offered forgivable loans which are paid in full after the student completes one year of employment with a Florida bank or trust company following graduation. Before applying, students must already have been employed at least part-time by a Florida bank or trust company. Undergraduate applicants must have been employed for two years prior to

required one year of full-time employment in Florida banking after graduation. Freshmen and sophomore students who are career bankers are also eligible for an additional $3,000 in funding, increasing the amount of potential funding for undergraduate grant recipients to $7,000. Over the years the FBEF has seen more and more career bankers wanting assistance to continue their education outside of traditional college degree programs. The Florida Bankers Association (FBA) has been committed to helping banks since 1888 and we continue to do that today with new ways to help bank employees. In addition to providing financial assistance to bankers who wish to return to school to complete their college degree, the FBEF is pleased to announce the

FBEF Career Development Program . Bankers who will be attending an approved professional development program, but do not have financial support from their employer, will be able to apply for FBEF financial assistance that can help pay for tuition. Students attending the Florida School of Banking, Florida Trust School and Florida Graduate Trust

application and graduate applicants must have been employed for five years prior to application. The FBEF Scholarship/ Loan Program offers financial assistance of $4,000 for junior and senior students and $5,000 for graduate students. Students attending one of the FBEF’s participating colleges and universities, majoring in a banking

"OVER THE YEARS THE FBEF HAS SEEN MORE AND MORE CAREER BANKERS WANTING ASSISTANCE TO CONTINUE THEIR EDUCATION OUTSIDE OF TRADITIONAL COLLEGE DEGREE PROGRAMS."

related field of study, and planning to continue their career in Florida banking are eligible to apply. Since many of the FBEF Scholarship/Loan recipients work full-time, students are only required to take 12 credit hours a calendar year. Any banker who has five years of full-time employment in Florida banking prior to applying for the FBEF Scholarship/Loan is eligible for a grant. Grant recipients are excused from the

School may apply for tuition assistance. In addition, students attending the LSU and Stonier Graduate School of Banking, the FSU Juris Master Program in Financial Services Compliance, or most ABA/ICBA/ FBA endorsed graduate school of banking programs may also apply. The FBEF Career Development Program offers financial assistance of $500 per year for FBA programs such as the Florida School of Banking,

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