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Top 10 Companies That Offer Scholarships for the Dependents of Their Employees
While you’ve probably heard of tuition reimbursement, you may not know that a lot of companies offer college tuition programs for employees’ dependents as well. In this article we will discuss some of the top companies that offer these programs and how you can take advantage of them!
Who qualifies as a dependent?
If you are unsure about whether you count as a dependent, let’s talk about it briefly before moving forward. A dependent, within the U.S. is generally defined as a child/step-child under the age of 19. Full-time students under the age of 24 are also considered dependents. Dependents must rely on someone else for at least half of their financial support.
Opening/closing dates and eligibility criteria for scholarships listed
We did our best to include the latest opening and closing date information available for each scholarship listed. If a scholarship has not yet opened, be sure to set up some sort of alert so that you don’t miss out! The eligibility requirements for each of these scholarships will loosely follow those same rules, but should be examined in more depth to determine if you are eligible. Okay, let’s go!
Milken and Company
As long as you’re a dependent under the age of twenty six, Milken and Company wants to help you fund your education. Students who plan to attend college or vocational-technical/ polytechnic programs. This scholarship is available to students outside the U.S.
- Award amount: $1,600 – $5,000
- Deadline: Applications open in December and are due late March
- Eligibility: Dependents of Milken and Company employees under 26 years of age who plan to attend a college or technical school
Siemens offers scholarships to employees dependents that are renewable for up to four years ( $4,000 when renewed for four years). The Siemens Company does require several application requirements, so be sure to give yourself enough time to complete all the necessary components.
- Award amount: $4,000 ($1,000 renewable for up to four years)
- Deadline: Usually due April 1st of each year
- Eligibility: Dependents of Siemens Company employees
Intel offers the Andy Grove Scholarship opportunity to students all over the world. Students who are children of blue-badge Intel employees may be enrolled at vocational or technical schools as well as colleges and universities. Because this scholarship is available to students across the globe, make sure that you thoroughly review your application so that it is top notch!
- Award amount: $1,050 – $4,000
- Deadline: December 1st to the end of January each year
- Eligibility: Students 24 years of age and younger who are children of blue-badge Intel employees
- The Fred and Lena Meijer scholarship awards multiple scholarships between $5,000 and $10,000 to Meijer employees and their children. Their website makes it easy to apply by providing you with a sample application, easy access to a PDF copy of the application, and even some tips about how to respond to the application’s essay questions!
- Award amount: $5,000 and $10,000
- Deadline: Usually opens December 1st and due early March of each year
- Eligibility: Child of a Meijer employee that has worked for a minimum of one year as a full-time or part-time hourly employee and plans to enroll in a two-year or four-year accredited degree program
CVS children of colleagues
CVS does more than just offer tuition reimbursement programs for employees–they also want to see their employees’ children succeed! The company bases their scholarship award amounts on the tuition of the school students attend and their level of financial need. If you can’t demonstrate financial need, some scholarships will still be available to you!
- Award amount: $1,000 – $5,000
- Deadline: Late April of each year
- Eligibility: Parent is a full time employee at CVS at time of students application and the student plans to enroll or is enrolled in an undergraduate degree program
Chevron Phillips Chemical
Chevron offers multiple scholarships for their employees’ dependents. There are scholarships for undergraduate programs, technical schools, and even awards for graduate students. Even if your parents are retired from Chevron, you may still be eligible to receive these benefits!
- Award amount: $4,000 – $50,000 total when renewed each year
- Deadline: Opens in December with a February/March deadline each year
- Eligibility: Children of Chevron employees that have worked there for at least two years before the submission of the scholarship application
In addition to supplying employees with tuition assistance, PepsiCo also wants to support the children of employees in their pursuit of higher education. If awarded one of their $5,000 scholarships, students are able to renew these awards for up to three years!
- Award amount: up to $5,000 when renewed each year
- Deadline: Application opens in November and usually closes in early February of each year
- Eligibility: Students aged 24 and under who are the dependents of full or part time employees and plan to attend full-time college are eligible for this award
American Airlines provides scholarships for children of employees who are enrolled in full-time undergraduate programs. The American Airlines Education Foundation gave out over 450 scholarships in 2022 based on academic achievement, community service, leadership and financial need.
- Award amount: $2,500 (an additional $1,000 is available to first generation students)
- Deadline: Usually opens in early January with a February/March deadline
- Eligibility: Be enrolled in an undergraduate program at a university/college and a child of an employee who has been employed as an American Airlines employee for at least one year
Orange Scholars is the program that Home Depot offers to the dependents of full-time and part-time hourly employees at U.S., Canadian, and Mexican Home Depots. As long as you are a dependent of someone who fits that criteria at the time of your application, you are eligible for this program. Home Depot also offers tuition reimbursement programs for employees, so be sure to check those out as well!
- Award amount: up to $2,500
- Deadline: Application usually opens November 1st with a January 20th deadline
- Eligibility: Child of a Home Depot employee that has worked for a minimum of one year as a full-time or part-time hourly employee and plans to enroll in a two-year or four-year accredited degree program
Wells Fargo provides scholarships for their part time and full time employees dependents. These scholarships can be used toward graduate and undergraduate degrees! And the best part? These scholarships are renewable, meaning you can take advantage of this scholarship for multiple years in a row!
- Award Amount: $4,000 – $12,000 when renewed each year
- Deadline: The application opens in January and is usually due late March
- Eligibility: Dependents under the age of 26 who have a parent or guardian that have worked at Wells Fargo or its domestic affiliates for at least one year
The list of companies above is by far not exhaustive. Lots of companies have scholarships and programs like those above. If your parents work somewhere, be sure to inquire about if they have a program. It never hurts to ask! Additionally, if you are employed somewhere, check with them to see if they offer any sort of tuition reimbursement programs!
Finally, because each of these companies has slightly different qualifications, you should carefully read through the eligibility requirements of each scholarship. Give yourself plenty of time to apply, as there are multiple components to some of the scholarships, including recommendations. Best of luck on your educational journey!
Frequently asked questions about scholarships for dependents of employees
Are scholarships taxable to employees?
Are scholarships considered earned income?
What happens if you get more scholarship money than you need?