Your future.
Our investment.
Five college-bound high school seniors. $25,000 in scholarships. Your next chapter could start with Island Federal.
Apply by Friday, April 23, 2027 · Use promo code SCHOLARSHIP
Big dreams deserve a head start.
Since 1992, Island Federal has awarded nearly $1 million in scholarships, helping local students and families take the next step toward higher education.
No GPA requirement
Your application isn't based on a minimum grade point average.
No essay needed
Skip the essays and focus on preparing for what's next.
More paths are welcome
Planning to attend an accredited college, university, or vocational school? This opportunity is for you.
Two easy ways to enter.
Whether you're new to Island Federal or already have a Cash Back Checking Account, there's a simple path to enter the 2027 Scholarship Program.
Open an account. Enter for a scholarship.
Eligible high school seniors can enter by opening an Island Federal Cash Back Checking Account with a Debit Card.
- Click Apply Online below.
- Complete the Cash Back Checking Account application and request a Debit Card.
- Enter promo code SCHOLARSHIP in the application.
Prefer to apply in person? Find an Island Federal branch .
Have an active Cash Back Checking Account?
Eligible high school seniors who already have an active Island Federal Cash Back Checking Account don't need to open another account to enter.
- Complete the 2027 Scholarship Entry Form.
- Email the completed form to [email protected] .
- Submit by Friday, April 23, 2027.
Attach your completed entry form before sending. The entry form download link will be added here.
Helping the next generation go further.
For decades, Island Federal has helped Long Island families reach important milestones. Our Scholarship Program is one way we're proud to invest in the students who will shape our communities' future.
From four-year universities to vocational education, we believe a student's goals deserve encouragement and opportunity.
Photos from past Island Federal scholarship celebrations.
For nearly seven decades, Island Federal has been a trusted financial partner to tens of thousands of Long Island families, helping them to achieve their dreams, from buying their first car to owning a home to affording a college education for their children. We are thrilled to be able to help make college more affordable through our Island Federal Scholarship Program.Craig Booth · Island Federal Credit Union
Don't miss your chance.
Make sure your scholarship entry is submitted before the deadline.
Friday, April 23, 2027
Friday, April 30, 2027
Scholarship FAQs
Who is eligible to apply?
Current high school seniors graduating in 2027 who plan to continue their education at an accredited college, university, or vocational school are eligible, subject to the final official program rules.
Is there a minimum GPA or essay requirement?
No. The 2027 Island Federal Scholarship Program has no minimum GPA requirement and no essay requirement.
How do I apply online?
Open a Cash Back Checking Account with a Debit Card using the scholarship application link and enter promo code SCHOLARSHIP. Eligible seniors may also apply at an Island Federal branch.
What if I already have a Cash Back Checking Account?
If you're an eligible high school senior with an active Island Federal Cash Back Checking Account, complete the scholarship entry form and email it to [email protected] by the application deadline. The form's download link will be available on this page.
When are entries due and when will winners hear back?
Entries are due Friday, April 23, 2027. Winners will be notified Friday, April 30, 2027.
Your next chapter starts here.
No GPA minimum. No essay. Just an opportunity to take one more step toward your future.
Apply Now →2027 Island Federal Scholarship Program: Open to eligible current high school seniors who plan to continue their education at an accredited college, university, or vocational school. Entry requires an Island Federal Cash Back Checking Account with Debit Card. Applicants opening an account online should use promo code SCHOLARSHIP. Eligible current Members with an active Cash Back Checking Account may submit the designated entry form to [email protected]. Application deadline: April 23, 2027. Winners notified: April 30, 2027. Five scholarship recipients will share a total of $25,000. No minimum GPA or essay required. Membership eligibility applies.
Additional eligibility requirements and official program rules may apply. Federally insured by NCUA.
2026 Island Federal
Scholarship Program
Scholarship Program
Meet our 2026 Winners!
Zill Acharya – Brentwood, NY
Anthony Bornn – West Babylon, NY
Michael Calapai – North Massapequa, NY
Eva Mena – East Rockaway, NY
Julianna Ruggiero – Seaford, NY
**The 2026 deadline has passed. Winners will be announced shortly*
For more than six decades, Island Federal Credit Union has helped families achieve their dreams. Recognizing that affording a college education is a priority for most parents, we’re proud to offer the Island Federal Scholarship Program. Since 1992, Island has awarded more than 380 scholarships totaling over $900,000 to high school graduates.
Eligibility
All students who are graduating high school in 2026 and are pursuing advanced, full-time study after graduation are encouraged to apply for an Island Federal Scholarship. No essay or transcript required, you simply need to open a free Cash Back Checking Account with Island Debit Mastercard.
**The deadline has passed. Winners will be announced shortly**
Not a Member Yet?
Already an Island Federal Member?
To be eligible, student must be a high school senior (class of 2026) and plan on attending a full-time course of undergraduate study as a freshman at a university, college, community college or recognized vocational school. One entry per person. If selected, student is required to provide proof of acceptance into the school they will be attending. On Friday, May 1, 2026, five (5) names will be randomly drawn. The five (5) names selected will each win a $5,000 scholarship. All winners will be notified via mail, email or phone using the contact information provided at the time of entry, on the Island website, as well as displayed in our branch offices. Acceptance of the Scholarship shall constitute winner’s consent for ISLAND FEDERAL to use winner’s name and photograph for advertising and promotional purposes without further compensation. Senior picture required from winners. A debit card and checking account is required, however there is NO minimum balance needed to open or maintain the account. The account must be established in the student’s name before or at the time the entry form is submitted. Go to islandfcu.com/scholarship for more information. Island Federal Credit Union Officials, Volunteers, Board Members and their immediate family members are not eligible to enter. All other Island Federal Team Members and their families are eligible to participate. Membership eligibility applies.
College Loans
Island makes paying for college easier and more affordable so you can achieve your dreams.
Student Choice College Loan Solutions
- Offers an extremely competitive variable rate Line of Credit that can be used to bridge the gap between traditional financial aid and the Cost of Attendance (COA) as an undergraduate student attending a 4-year degree program at an eligible public or private not-for-profit school.
- Provides an up-to-date informative resource with tips on paying for college and managing finances.
- Enjoy a great low rate and flexible repayment options.
- Apply one time and the funds are available for the entire four year undergraduate term.
- Fills the gap between the amount of other aid and the cost of schooling.
- Funds are paid directly to the school, so there’s less hassle for you.
Who can apply?
This program is open to all undergraduate students currently attending a four-year degree program at an eligible public or private not-for-profit school.
How do I apply?
Access our Student Choice Resource Center to learn more.
*APR=Annual Percentage Rate. Rates effective 11/10/2026 and are subject to change without notice. All offers are subject to credit approval; applicants may be offered credit at higher rates and terms. Loan rates featured are the lowest for the product advertised. Variable Rate. Lines of credit available up to $75,000.00. Available to undergraduate students enrolled in a degree-granting program and meeting the school’s minimum Satisfactory Academic Progress (SAP) criteria at an eligible school. Rate is based on the Prime rate plus a margin; margin is disclosed at account opening. Maximum Rate is 15%. Current Prime rate 7.00%. Disclaimer: Island Federal makes every effort to ensure that the information posted is current and accurate; however, we make no warranties of any kind, expressed or implied. Membership eligibility applies.