The New Jersey Bankers Education Foundation (the “Foundation”) funds scholarships
for the pursuit of higher education, including technical or vocational training, to
dependents of military personnel who died or became disabled while active
members of the U.S. military; it is not required that the military personnel die in
combat. An additional significant factor considered in the Foundation’s selection
process is the applicant’s financial need in pursuing his or her educational goals.
The applicant must be a high school graduate or have a high school equivalency
diploma; however, the Foundation also will consider adult dependents who wish to
obtain a high school equivalency diploma.
Either the dependent or the service man or woman must have a connection to New
Jersey. To establish this connection, either the applicant’s permanent address must
be in New Jersey, or the service man or woman’s last permanent residence must
have been in New Jersey.
To determine eligibility, the Foundation considers a military base located in New
Jersey at which the service man or woman lived for a minimum of four months as a
residence; military bases in other states or countries will be ignored when determining
1. The Foundation defines dependency as the service man or woman’s spouse,
children, stepchildren and grandchildren (or step-grandchildren), and any person
for whom the service man or woman provided one-half of the support in the prior
2. The applicant must provide a description of his or her work history and whether the
applicant intends to work during the school year.
3. The applicant must provide a copy of his or her own tax return (federal only) for
the most recent tax year, if applicable.
4. The applicant’s parent(s) must provide a copy of their most recent tax return
(federal only). This requirement does not apply to applicants who have attained
age 24; however, the applicant must still show that he or she was a dependent of
the decedent, as defined above.
5. If the tax return does not provide proof of dependency (as defined above), the
applicant may provide proof of dependency by some other means. For example,
the Foundation would accept a copy of a birth certificate or marriage certificate.
6. The information provided on this application may be verified with the New
Jersey Department of Veterans Affairs or the United States Department of
Scholarship Deadlines and Reporting Requirements
1. This application and any accompanying information should be filed as early as
possible. If you plan to file an application, but are unsure of when you will have the
information available, please contact the Foundation to advise of your intent. In
addition to the financial need information described above, the applicant shall
provide a statement generally describing his or her prior educational activities and
the additional educational opportunities he or she would like to pursue with the
assistance from this scholarship.
2. Recipients will be notified by mail and any scholarship funds approved will be paid
directly to the educational institution.
3. Scholarship recipients that maintain a “C” average or better may re-apply for a
scholarship; however, all applicants must complete the application and
accompanying information. Applicants that previously received a scholarship
must include a copy of his or her transcripts from the prior academic year to
establish that the recipient maintained at least a “C” average. Further, the
applicant must include a statement of how the scholarship assisted in the pursuit of
his or her educational goals.
The following checklist summarizes the required information:
2. Military Status Letter
3. Tax return(s)
4. Work history and future work intentions
5. Statement of educational activities and planned opportunities
6. Transcripts from prior academic year (prior recipients only)
7. Statement of how the scholarship helped you attain your educational goals (prior