FARMINGTON – Students planning to pursue a business-related field in college are invited to apply for the Franklin Scholar program. New this year, Franklin Savings Bank’s Community Development Foundation has announced it has added a scholarship to Telstar Regional High School in Bethel, bringing its total to 11 scholarships for a total $33,000.
“We at Franklin Savings Bank are pleased to be able to help defray the growing expense of a college education through our scholarship program at area schools,” said Peter Judkins, president and CEO at Franklin Savings Bank.
In addition to Telstar, the scholarships will be available to Class of 2015 students graduating from Mt. Blue High School, Mt. Abram Regional High School, Dirigo High School, Mountain Valley High School, Rangeley Lakes Regional School, Skowhegan Area High School, Madison Area Memorial High School, Spruce Mountain High School and Carrabec High School. Scholars must graduate from one of the 10 schools.
High school seniors who plan to pursue a major at a four-year college or university in business-related fields, such as Accounting, Finance, Computer Science or Marketing, are eligible for the scholarships. Selection criteria for the Franklin Savings Bank Community Development Foundation scholarships is based on high academic achievement, community citizenship, participation in athletics or other extra curricula activities, and financial need.
While the Franklin Savings Bank Community Development Foundation will fund the scholarships, the recipients will be selected by their school. Applications are available at the school guidance offices, at Franklin Savings Bank locations and online at www.FranklinSavings.com/scholars.html. Completed applications must be turned in to the school and comply with deadlines established by the school.
Franklin Savings Bank’s Community Development Foundation was created in 2000 to support community, economic and educational needs within the communities served by Franklin Savings Bank. The scholarships to nine area high schools, totaling $30,000, were first awarded in 2001 and are now awarded annually. Since the scholarship program was expanded with the creation of the Foundation, it has awarded $469,000 to 144 local Franklin scholars.
