Quad City Bank & Trust (QCBT) will fund four scholarships to help first-generation students launch their college education at Black Hawk College, Moline, QCBT announced.
Beginning in the Fall 2023 school year, the bank will award scholarships that will cover full tuition, fees and books for two years. Known as the Quad City Bank & Trust Scholarship, the scholarship will be open to full-time students of all majors.
The scholarship cycle is March 15–June 1. Students can apply by visiting the foundation website here.
“Too many bright, qualified students in the Quad Cities area are unable to attain their dreams of going to college due to socio-economic barriers, a perceived lack of access to college courses or may not believe they’re eligible for a scholarship,” John Anderson, CEO of Quad City Bank & Trust, said in a news release.
That is why, QCBT said, that it is stepping up to become a conduit to provide this type of access to vital educational opportunities for local students.
“The team at Black Hawk College serves as a vital resource to our local students providing affordable, top-quality education to an ever-diversifying prospective student base,” Mr. Andersen said. “By gearing the parameters of this scholarship to give preference to a minority student as well as giving preference to a first-generation college student, we feel we are really making a difference in the future course of these students’ lives.”
“We are excited to see what the future holds for recipients of the Quad City Bank & Trust scholarships,” he added.
One scholarship will be awarded per year for the next four years to an eligible student. In addition to full tuition, the recipient also will be awarded funding for fees and book expenses. This will further alleviate the financial burden many students bear – even with the assistance of scholarships – and allow the recipients to fully focus on their studies while attending the Moline-based community college, the release said.
“We are honored that QCBT has invested in our students in such a big way. This is the first scholarship at the foundation that will not only award full tuition but help offset the costs of educational expenses,” said Zenaida Landeros, executive director of the Black Hawk College Foundation.
“These scholarship funds will make a huge difference for those who have financial barriers to education and will have an immense impact on the lives of our students.”
Founded in 1994 on the idea that relationships matter, QCBT is a local community bank with more than $2.2 billion in assets. Headquartered in Bettendorf, QCBT employs 164 individuals at five convenient locations throughout the Quad Cities area.
