lock Sign In

Scholarships

The power of what's possible.

There’s power in you. In your hopes, dreams, and vision for the future. Explore what’s possible and find a career you love. A career where you thrive. A Lake Trust Foundation scholarship can help you explore what’s possible.

Scholarship Programs

Every year, the Lake Trust Foundation provides scholarship opportunities to help aspiring college students on the path to the career they’ve always wanted. Make 2024 the year you start down the path of a career you’ll love. Applications for the Michigan Impact Scholarship and New Beginnings Scholarship close at 11:59 PM on March 10.

Michigan Impact Scholarships

The Michigan Impact Scholarship was created through a partnership with Cleary University. This year, one Michigan Impact Scholarship is available, and worth full tuition at Cleary University. Students can attend any Cleary University campus (Howell, Ann Arbor, or Detroit) or take classes online. Special consideration will be given to applicants who want to get a job in one of the Michigan’s high-demand careers1 through 2028.

Deadline to apply: March 10, 2024

Check out the story on our blog to meet our 2023 Michigan Impact Scholarship recipient

More Details

To be eligible to apply for this scholarship, you must:

Be a Michigan resident and eligible for a Lake Trust membership

Meet Cleary University’s admission requirements at the undergraduate or graduate level

Be enrolled to attend Cleary University in Fall 2024

Complete the FAFSA in accordance with Cleary University’s admission requirements

You can still apply for the scholarship before you fill out the FAFSA

Lake Trust Credit Union employees, contract employees, or board members and their immediate relatives are not eligible to apply

Previous Lake Trust Foundation scholarship recipients and current Cleary University students are not eligible to apply

During the application, we’ll ask you to share your chosen field, why it’s important to join the Michigan labor force, and how you want to use your skills and education to make a difference in Michigan communities.

You’ll be asked to upload a reference letter by a non-family member explaining why you would be the best choice for this scholarship.

See scholarship guidelines for more information

New Beginnings Scholarships

The New Beginnings Scholarship supports those who are interested in pursuing a skilled trade or technical career (ex: electrical, HVAC, construction, welding, plumbing, nursing, EMT etc.). Employers in these categories are facing shortages and jobs are in high demand. This year, up to four New Beginnings Scholarships are available, and are worth up to $7,500. Funds can be used for tuition, tools for your trade, professional fees, or dues.

Deadline to apply: March 10, 2024

Read the story on our blog to see how this scholarship helped four individuals pursue their career dreams in 2023.

More Details

To be eligible to apply for this scholarship, you must:

Be a Michigan resident and eligible for a Lake Trust membership

Attend a career technical education program, trade school, or be enrolled and majoring in a technical field at a Michigan college or university within the calendar year

Lake Trust Credit Union employees, contract employees, or board members and their immediate relatives are not eligible to apply

Previous Lake Trust Foundation scholarship recipients and current Cleary University students are not eligible to apply

During the application, we’ll ask you to share your chosen field, why it’s important to join the Michigan labor force, and how you want to use your skills and education to make a difference in Michigan communities.

You’ll be asked to upload a reference letter by a non-family member explaining why you would be the best choice for this scholarship.

See scholarship guidelines for more information

More funding options to pay for school.

The world is filled with opportunities. And now it’s your turn to take a chance on the future. So, let’s work together to prepare your finances for school. Through our partnership with CU Student Choice, simple financing options are available. If you’re not sure where you’re attending yet, you can still prepare and apply for a private education line of credit. Then, request the exact amount of funding that you’ll need later. That’s the power of planning ahead.

VIEW LINE OF CREDIT DETAILS1

1Third party website. Lake Trust Credit Union is not responsible for the content, availability, security or compliance of any linked third party websites. In addition, the site's privacy policies may differ from those of Lake Trust.