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2022 college scholarship application now available

2022 college scholarship application now available

Help offset some of the costs of a higher education by applying for the Randy D. Pratt Scholarship

We are currently accepting applications for the 2022 scholarship. To get started, please download the Word document below and follow the instructions. All materials must be submitted (postmarked) by Monday, Feb. 14, 2022.

Download Application

All graduating high school seniors who are planning on furthering their education at an accredited college, technical or trade school in fall 2022 are welcome to apply. To be eligible to enter this competition, you must have been a primary member of Arsenal Credit Union before Feb. 15, of this year. We plan on awarding up to five $1,500 scholarships for a total of $7,500.

Entries will be judged on the following criteria:

  • Academic achievement (GPA, honors and awards)
  • Extracurricular activities
  • Demonstrated leadership
  • Community involvement/volunteer service
  • An essay
  • Use of Arsenal products and services
  • One letter of recommendation

Learn more about the history of our college scholarship program and past winners by visiting the link below.

Learn More

Fast facts about the expenses of higher education

Thank you to the writers at What To Become for putting together a list of facts about college tuition expenses. Applying for scholarships (including ours) is an excellent way to help take care of some tuition costs.

  • The average in-state tuition and fees at public four-year institutions increased by more than 10 percent in 11 states between 2015-16 and 2020-21.
  • The average fee and college tuition increase in 2021 for in-state students at four-year public colleges is 1.1 percent.
  • The average college tuition and fees for full-time undergraduate students at private nonprofit four-year colleges have increased by 2.1 percent since 2019–20.
  • In-state tuition and fees at public national universities have grown the most in the last 20 years (211 percent).
  • College tuition and fees in the US have increased by 1,200 percent since 1980.


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