First Bank Corp Business Scholarship

Scholarship Sponsored by University of Arkansas Fort Smith

Description

**Purpose**
The First Bank Corp. Business Scholarship supports high-achieving students who demonstrate leadership potential and a commitment to pursuing a business degree at the University of Arkansas–Fort Smith (UAFS). It is a competitive award intended to develop campus leaders who combine strong academics with extracurricular involvement. Recipients are expected to take active leadership roles while enrolled in the College of Business and Industry.

Key takeaways
- Sponsored for students pursuing a business degree in UAFS’s College of Business and Industry.
- Focuses on academic excellence and demonstrated leadership.
- Intended to prepare recipients for leadership roles on campus.

Eligibility

**Academic and program requirements**
Applicants must meet specific academic standards and be enrolled in or planning to pursue a business degree in the College of Business and Industry. The scholarship targets incoming students who have demonstrated strong high school performance and standardized-test results in addition to leadership potential. All applicants must submit both the UAFS Application for Admission and the scholarship application to be considered.

Key takeaways
- Minimum ACT score: 27.
- Minimum high school GPA: 3.5.
- Must be seeking a business degree in the College of Business and Industry.
- Both UAFS Admission and scholarship applications are required.

Award Value

**Tuition, fees, and housing**
The scholarship covers full tuition and fees for up to four years or until degree completion, whichever occurs first. In addition, awardees may receive an optional $2,500 per-year housing allowance for two consecutive years. Housing funds are subject to specific use rules and deadlines.

Key takeaways
- Full tuition and fees covered for up to four years or until degree completion.
- Optional housing stipend: $2,500 per year, available for two years.
- Housing award must be used in consecutive years if accepted.

Renewal Criteria

**Maintaining the scholarship**
Continuation of the award requires recipients to meet ongoing academic and enrollment standards each year. Students must maintain a minimum cumulative UAFS GPA and specific credit-hour requirements to renew the scholarship. Current recipients are bound by the renewal terms listed in their individual scholarship contracts.

Key takeaways
- Maintain a 3.0 cumulative UAFS GPA to renew.
- Enroll in 15 credit hours each semester and complete 30 credit hours per academic year.
- Renewal obligations are defined in the student’s scholarship contract.

Conditions & Restrictions

**Important usage rules and program limits**
There are conditional rules that can affect award eligibility and availability, including how housing funds are accepted and the consequences of changing majors. If a student chooses not to use the housing portion during the first year, the entire housing allotment is forfeited. Changing majors away from the College of Business and Industry may lead to loss of the award.

Key takeaways
- Forgoing the housing portion in year one forfeits the entire housing benefit.
- Housing must be used in consecutive years to receive both installments.
- Changing majors can result in loss of the scholarship.

Application Timeline

**Submission requirements and deadlines**
Applicants must submit a complete UAFS Application for Admission and the scholarship application; additional deadlines may apply for housing requests. The housing application specifically must be submitted by March 15 to be considered. For other scholarship deadlines and final application dates, consult the UAFS scholarship office or website.

Key takeaways
- Both the UAFS Admission application and scholarship application are required.
- Housing application deadline: March 15.
- Check UAFS for any additional institutional deadlines.

History of the Award

**Sponsorship and intent**
The scholarship is funded by First Bank Corp. to support and develop future business leaders at UAFS. It is structured to combine full tuition support with leadership expectations and optional housing assistance to attract top-performing students to the College of Business and Industry. For historical specifics such as founding year or past recipients, contact the UAFS scholarship office.

Key takeaways
- Funded by First Bank Corp. to support business leadership development.
- Designed to attract academically strong, leadership-oriented students to UAFS.
- Historical details are maintained by the UAFS scholarship office.