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Scholarship Terms and Conditions

  1. You must be a U.S. citizen or a Permanent Resident to be considered for the Scholarship.
  2. You may apply for the Scholarship in accordance with the application schedule above; however, you are only eligible to receive one (1) Scholarship each academic year.
  3. To be awarded a Scholarship, you must be enrolled full-time at an accredited college, university, or trade school, in the United States (“Accredited Institution”).
  4. You must possess a cumulative GPA of at least 3.0 (open to incoming post-secondary students).
  5. In order to ensure a fair and equitable selection process, MoneyKey may retain the services of a third-party scholarship administrator to select and notify Scholarship Recipients, to verify Recipient information, and to remit Scholarship proceeds to the Accredited Institution. MoneyKey and/or its designated third-party scholarship administrator shall have the sole discretion in the selection of Scholarship Recipient(s).
  6. The Scholarship Recipient will be contacted by the third-party scholarship administrator or MoneyKey within thirty (30) calendar days of the Scholarship Application deadline via phone and/or email using the contact information provided on the Recipient’s application.
  7. If the Recipient does not respond within ten (10) calendar days, MoneyKey reserves the right to award the Scholarship to another applicant.
  8. MoneyKey shall directly award the Scholarship to the Accredited Institution on behalf of the Recipient within thirty (30) calendar days of contact with the Scholarship Recipient. The Recipient shall complete a form that includes their student identification details, the name of the Accredited Institution and the contact information for the Financial Aid Office of that institution. A Recipient will receive the full amount of the Scholarship only if the Recipient is enrolled as a full-time student and the Scholarship does not exceed the Recipient’s tuition for the academic term, both of which will be subject to confirmation by the Financial Aid Office of the Accredited Institution. If the form is not completed, the Scholarship will not be disbursed, and the Recipient is deemed to have forfeited the Scholarship.
  9. No purchase or payment necessary to be an applicant or Recipient of the Scholarship.
  10. Officers, directors, managers and employees of MoneyKey or its third-party scholarship administrator and their affiliates and related companies, as well as immediate family and/or those living in the same household of each such person, and any other individual engaged in the development or execution of this Scholarship are not eligible to apply. “Immediate family member” shall be deemed to mean husband, wife, children, mother, father, sister, sister-in-law, brother, or brother-in-law.
  11. By applying for the Scholarship, the applicant grants MoneyKey permission to post their name and essay on the MoneyKey blog ( in the event they are awarded the Scholarship. The blog post may be shared in social media channels and other marketing communications. If you are selected as the winner, you will be required to provide a short testimonial with some background information about yourself. You may also provide a picture of yourself to be displayed on our blog alongside your winning submission.
  12. MoneyKey reserves the right to change the Scholarship program at any time, including but not limited to, the number of available scholarships, deadlines, requirements and/or scholarship amounts.
  13. MoneyKey will be collecting personal data about applicants online, in accordance with its Privacy Policy. By applying for the Scholarship, applicants hereby agree to MoneyKey’s collection and use of their personal information and acknowledge that they have read and accepted MoneyKey’s Privacy Policy.
  14. These Terms and Conditions are subject to change.

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Not all applications are approved; duration of approval process may vary. Credit limits/loan amounts are subject to further verification criteria. If you are a returning customer, loan amounts may vary.

*If approved, any requested funds may typically be deposited into your bank account the same business day; timing of funding may vary by product and state. The date and time funds are made available to you by your bank are subject to your bank's policies. For specific funding cut-off times, click here.

**You may request a draw from your Line of Credit at any time, so long as you have available credit and your account is in good standing. In the State of South Carolina, you can withdraw the total credit available to you all at once, or in smaller amounts over time as you need it, with a required minimum draw of $610.

As you move through your credit journey, your account may become eligible for reduced charges and/or increased credit limits/loan amounts based on good payment history over time. You will receive notices, as applicable, regarding your individual circumstances and eligibility.

Depending on your state of residence, applications submitted on this website may be originated by one of several lenders, including: CC Flow, a division of Capital Community Bank (CCBank), a Utah Chartered bank, located in Provo, Utah, Member FDIC. The CC Flow Line of Credit is provided by CC Flow. Additionally, CC Flow maintains critical control over loan origination, underwriting approvals, and regulatory and compliance oversight management. MoneyKey is an authorized servicer of CC Flow. This means the CC Flow Line of Credit is available through MoneyKey and you will maintain your CC Flow Line of Credit account through MoneyKey.

Product availability varies by state. To see loan products offered in your state of residence, please visit our Rates and Terms page.

MoneyKey – TX, Inc. is licensed as a Credit Access Business (CAB), License No. 16641-62815, by the Office of the Consumer Credit Commissioner and registered as a Credit Services Organization (CSO), Registration No. 20110150, by the State of Texas. All loans for which MoneyKey acts as a CSO/CAB are funded by an unaffiliated third-party lender and serviced by MoneyKey. In the State of California, MoneyKey – CA, Inc. is licensed by the Department of Financial Protection and Innovation pursuant to California Deferred Deposit Transaction Law License No.1004516.

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