As a new generation of students is getting a better education, you have the ability to solve a major financial issue that affects thousands of people every day. Car Loans of America strongly believes that your creativity may hold the answers to revolutionizing the lending industry. The goal is to better benefit bother the consumer and impose less risk to the lender. For this reason, we have created the Car Loans of America Scholarship Program which takes place annually in June and December of each year. How do I know if I am eligible for the scholarship? To qualify for the Car Loans of America Scholarship, you must be enrolled in an accredited undergraduate credible university. How do I apply for the Car Loans of America Scholarship? First, you’ll need to write us an open letter with no fewer than 1000 words on why you deserve to win this scholarship. You can write your life story along with your educational goals, dreams, and aspirations. Develop an answer that is meaningful, eye-catching and compelling! Let us know what motivates you and makes you unique. We are looking for someone who has a great track record and who excels in the above. What needs to be included with the application? Along with your essay we also ask that you include: Your university name Class year Contact information Major A copy of your transcripts (official or unofficial) Send all of the listed materials to the email below. When is the application due? Please send in your application for the Car Loans of America Scholarship no later than June 1st to receive funds for the subsequent semester. The winner will be notified by either phone or email on June 14th. If we do not receive a response from the winner within 10 days of the announcement, we will select a runner-up to receive the award. We look forward to reading your applications and wish you the best of luck in the future!