HarborOne Bank offers $100K in college scholarships to students in R.I., Mass.

PROVIDENCE – HarborOne Bank is seeking applications from “outstanding student leaders” at Rhode Island and Massachusetts high schools for the bank’s latest round of scholarships, totaling $100,000 to help young people afford college or university.

The Brockton, Mass.-based bank’s OneCommunity Scholarship Program will award 20 scholarships of $5,000 each to high school seniors planning to attend college or university in September. Applicants should “embody a commitment to their community, combined with academic excellence,” the bank said.

In 2016, HarborOne pledged to provide $1 million over 10 years for college scholarships to selected high school seniors. The money is intended “to ease the financial burden that holds back far too many promising students from a college education and the increased life opportunities it provides,” the bank said.

The online application process was scheduled to open Feb. 1. The deadline for filing applications is March 15.

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Winners will be chosen by the bank’s Scholarship Committee. Committee members base their decisions on factors such as a student’s academic transcript, personal essays and level of participation in community and school activities, as well as awards and recognitions received. Submitting a letter of recommendation is strongly suggested.

The scholarships are one-year awards to students who will attend an accredited two-year or four-year college or university. Eligible candidates include high school seniors with a minimum 3.0 grade point average and whose immediate family has an active HarborOne deposit account such as checking, savings, cash deposit, money market, or individual retirement account opened by March 15.

“College should not be out of reach to any student who works hard, gives back to the community and shows clear promise to be the kind of citizen and leader our society needs,” said HarborOne CEO James W. Blake. “These scholarships will help our region’s most-talented young people get an education that will make a difference in their lives.”

Scott Blake is a PBN staff writer. Email him at Blake@PBN.com.