Fidelity Investments Scholarship Opportunities: Eligibility And Details

Fidelity Investments offers scholarships to students from underrepresented populations and historically underserved communities who have faced systemic barriers to economic mobility. The company's Invest in My Education initiative combines student scholarships with ongoing support, including resources to complete degree programs and pathways to post-graduation employment. The Fidelity Scholars Program, part of the Invest in My Education initiative, awarded over 200 scholars across three states with more than $2.8 million in scholarships, with 65% being first-generation college-goers. Additionally, Fidelity offers the CFP® Exam Scholarship for Women in Financial Planning, which awards $625 per awardee toward the exam fee.

The Fidelity Scholars Program

Fidelity Investments launched the Invest in My Education (ME) initiative in early 2023 with a $250 million investment. The program addresses systemic barriers and challenges to economic mobility faced by students from underrepresented populations and historically underserved communities. It takes a holistic approach by combining student scholarships with ongoing support, including resources to complete degree programs and pathways to post-graduation employment.

The inaugural class of 200 Fidelity Scholars began their academic journey in 2023, with students across Massachusetts, North Carolina, and Texas taking their first steps toward a financially stable future. 65% of these students are the first in their families to attend college, making higher education more accessible and affordable.

The application window for Year Two of the program is now open, and eligible students in the seven active regions can apply through the UNCF (United Negro College Fund) by the specified deadline.

Invest in My Education initiative

Fidelity Investments is committed to education and strengthening financial futures for all. In early 2023, the company launched the Invest in My Education (ME) initiative, a $250 million social impact initiative aimed at providing access to education and ongoing support to students from underrepresented populations and historically underserved communities who have faced systemic barriers and challenges to economic mobility.

The Invest in My Education initiative takes a holistic approach to driving transformational change by combining student scholarships with ongoing support, including resources to complete degree programs and pathways to post-graduation employment. The program provides financial assistance to alleviate the burden of educational expenses, allowing students to focus on their studies and personal growth. In addition to scholarship dollars, Fidelity Scholars have access to a range of tools and resources to help them complete school and find good jobs. This includes a group of Fidelity mentors, health and wellness support, financial education, college success coaches, and more.

The initiative has expanded to 10 regions in the United States, including Colorado, Florida, Kentucky/Ohio (greater Cincinnati and Northern Kentucky area), New Jersey, New Mexico, North Carolina, Massachusetts, Rhode Island, Texas, and Washington, D.C. These regions were chosen based on demonstrated need and where Fidelity has a significant presence. Local organizations are eligible for Ecosystem-Building Grants to improve pathways for underserved students, and local higher-ed institutions can receive Retention and Completion Grants to keep at-risk students in school.

The inaugural class of 200 Fidelity Scholars, 65% of whom are first-generation college students, has begun their academic year, taking steps toward a financially stable future. The application window for Year Three of the program is now open, giving more students the opportunity to pursue a degree without educational debt.

Eligibility for scholarships

Fidelity Investments offers a range of scholarships and initiatives to support students from diverse backgrounds, with a focus on those from underrepresented and underserved communities. Here is an overview of the eligibility criteria for some of their notable scholarship programs:

Fidelity Scholars Program

The Fidelity Scholars Program is a need-based scholarship initiative that aims to support students from underrepresented and underserved communities. To be eligible, applicants must demonstrate financial need and be enrolled or planning to enrol in a two-year or four-year college, or a certificate program. The scholarship is open to students across different regions, including Massachusetts, Texas, North Carolina, New Jersey, New Mexico, and Washington, D.C.

Invest in My Education (ME)

Fidelity's Invest in My Education initiative is a $250 million social impact program aimed at increasing access to higher education for Black, Latinx, and other historically underserved students. The eligibility criteria focus on students from underrepresented populations and underserved communities who face systemic barriers and challenges to economic mobility. The program is currently active in seven regions: Massachusetts, North Carolina, Texas, Florida, New Jersey, New Mexico, and Washington, D.C.

The Fidelity Investments CFP® Exam Scholarship for Women in Financial Planning

This scholarship is specifically for women in financial planning and covers $625 of the early bird rate for the CFP® exam. To be eligible, applicants must meet the following criteria:

• Must not be a prior recipient of the scholarship
• Must not be registered for the March 2025 CFP® exam before being notified of the award
• Must have previously taken the CFP® exam but not yet passed
• Must be a U.S. resident
• Must identify as a woman
• Must not receive any other scholarships or financial aid for the specified exam
• Must pass a background check

Fidelity's scholarship programs demonstrate their commitment to supporting students from diverse backgrounds and promoting financial well-being and educational opportunities for underrepresented individuals. Each scholarship has specific eligibility criteria, and interested applicants should carefully review the requirements and application processes for each program.

Application process

Fidelity Investments offers a range of scholarships and financial support programs for students, with a focus on supporting underrepresented and underserved communities. Here is an overview of the application process for some of their notable scholarship programs:

Fidelity Scholars Program

The Fidelity Scholars Program is a need-based scholarship program that aims to support students from underrepresented and underserved communities. The program offers financial assistance, mentorship, internship and apprenticeship guidance, and financial education. The application process typically involves:

• Identifying the eligibility criteria: This includes factors such as financial need, academic performance, and belonging to an underrepresented or underserved community.
• Completing the application form: Applicants will need to provide personal and academic information, as well as details about their financial situation. The application form may be available through a philanthropic partner, such as the United Negro College Fund (UNCF).
• Submission and review: Applicants submit their completed application forms, which are then reviewed by the scholarship committee.
• Award notification: Applicants are notified about the decision on their application, and successful recipients are informed about the scholarship amount and the next steps in the process.

Invest in My Education (ME)

The Invest in My Education program is a $250 million social impact initiative by Fidelity Investments. It provides scholarships and support to students from underrepresented populations and historically underserved communities. The application process typically includes:

• Identifying eligible regions: The program operates in specific regions, including Massachusetts, North Carolina, Texas, Florida, New Jersey, New Mexico, and Washington, D.C. Applicants must ensure they are applying from one of the eligible regions.
• Completing the application: Applicants need to submit their applications through the designated channel, which may be through a philanthropic partner like UNCF. The application typically requires personal and academic information, as well as details about financial need.
• Selection process: Applications are reviewed, and recipients are selected based on the eligibility criteria and the availability of funds.
• Award notification: Successful applicants are notified about their selection and provided with information regarding the scholarship amount and any conditions associated with the award.

The Fidelity Investments CFP® Exam Scholarship for Women in Financial Planning

Fidelity, in partnership with the CFP Board Center for Financial Planning, offers a scholarship to support women in financial planning. The scholarship provides financial assistance for the CFP® exam. The application process typically involves:

• Eligibility criteria: Applicants must meet specific eligibility criteria, including not being a prior recipient of the scholarship, not being registered for the March 2025 CFP® exam, and identifying as a woman.
• Completing the application form: Applicants need to fill out the application form, providing the required information and ensuring they meet the submission requirements.
• Award selection: The CFP Board reviews applications and selects awardees on a first-come, first-served basis, provided they meet the eligibility criteria.
• Notification and registration: Successful applicants are notified about the award and provided instructions for registering for the exam at a discounted rate. It is important to follow the registration instructions to avoid forfeiting the scholarship.

It is important to note that the application processes and requirements may vary for different scholarship programs offered by Fidelity Investments. Always refer to the official sources and websites for the most up-to-date and accurate information regarding the application process, eligibility criteria, and submission guidelines.

Support for women in financial planning

Fidelity Investments is committed to education and strengthening financial futures for all. In early 2023, Fidelity launched Invest in My Education (ME)℠, a $250 million social impact initiative providing access to education and ongoing support to students from underrepresented populations and historically underserved communities. The program combines student scholarships with ongoing support, including resources to complete degree programs and pathways to post-graduation employment. The inaugural class of 200 Fidelity Scholars includes 65% of students who are the first in their families to attend college.

Fidelity also offers scholarships for women in financial planning. The Fidelity Investments CFP® Exam Scholarship for Women in Financial Planning awards $625 per awardee toward the early bird rate of $825 for the CFP® exam. To qualify for the scholarship, applicants must meet specific eligibility criteria and successfully complete the application form.

• Understand the real impacts of the gender pay gap and be prepared to negotiate for a higher salary if appropriate.
• Regularly save a greater percentage of your income than the average man.
• Partner with a financial advisor early in your career to develop a personalized investment strategy.
• Be mindful of your financial and career progress, especially if you take time away from the workforce to care for children or aging parents.
• Make your money work for you by investing with intention and confidence to build savings and achieve your financial goals.
• Prepare to potentially live longer, as women live an average of 5.9 years longer than men, and ensure your retirement savings will last.
• Educate yourself on financial planning and investing to empower yourself to prioritize and positively impact your financial well-being.
• Create a comprehensive picture of your household expenses and identify your short-term and long-term financial planning needs.
• Consider the two "I's" of long-term financial planning: investments and insurance.
• Start investing early and in a disciplined, diversified way to grow your savings over time.
• Seek professional advice and support to help alleviate stress and set you on the right path.

Frequently asked questions