The Scholarship Program: Nara Scholarship Foundation hopes to dedicate a total of $100,000 each year, in the amount of $1,000 to eligible high school students. The candidates must demonstrate financial need, academic excellence, and strong leadership in the community. The scholarship funds will be disbursed directly to the college.

Eligibility

Applicant must be a U.S. citizen or U.S. permanent resident.
Applicant must graduate high school in the current school year.
Applicant’s family income must not exceed the qualifying income limits as defined below. Priority is given to students demonstrating the greatest financial need based on income guidelines as noted below.
Applicant must plan to attend, as a full-time student, an accredited junior college or four-year college in the Fall 2008 or Spring 2009.
Applicant must have an overall GPA of 3.0 or higher.
Applicant must be a resident of a community served by Nara Bank. Within the State of California this includes the counties of: Los Angeles, Orange, Alameda, and Santa Clara. Within the State of New York this includes the counties of: Queens, Bronx, Kings, and New York. Within the State of New Jersey this includes Bergen County only.
All scholarship recipients are required to attend Nara Bank’s 2-hour financial literacy skills course.
Minimum score for SAT I must be at least 1500 combined.

Note: Employees and the families of Nara Bank, Nara Bancorp, Inc. and affiliated companies are not eligible to receive scholarships for the Nara Scholarship Foundation.

Nara Bank Scholarship Winners for 2008

Download Scholarship Application 2008

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