Twelve (12) EdFed College Dreams Scholarships will be awarded during the 12-month period beginning January 1, 2024. One $1,500 MDC College Dreams Scholarship is awarded to an MDC student member each month. The recipients' names will be randomly drawn from a pool of qualified applicants.
Administrator: This program is administered by Educational Federal Credit Union (EdFed), 7800 SW 117 Ave., Miami, FL 33183.
Source of Funds: Scholarship awards are funded by Educational Federal Credit Union, 7800 SW 117 Ave., Miami, FL 33183.
To Apply: Members may apply only by submitting a completed EdFed's College Dreams Scholarship Application. MDC students must submit an online application located on a dedicated landing page on the EdFed website. Incomplete applications or applications containing inaccurate information cannot be considered.
The scholarship process will begin on January 1 and end on December 31 of each calendar year. Applications will stay in the candidate pool for the entire calendar year; thus, a student may be selected more than once during the calendar year.
Eligibility: Applicants must be enrolled in a minimum of one (1) three-credit hour course at Miami Dade College. If selected, applicant must submit proof of qualification documents, including MDC credit-hour class schedule, within 30 days following initial notification by EdFed. The recipient must successfully complete at least one three-hour credit course towards the completion of an MDC degree.
Applicants must be a primary member in good standing for at least 6 months prior to the date of application. Good standing means that the applicant has not been delinquent on a loan obligation or overdrawn on a share account for the 6-month period immediately preceding the date of the application or at the time of drawing and has not previously caused EdFed a loss.
Random Drawing: The scholarship is awarded 12 times a calendar year and will be drawn after the last business day of the month (Monday-Friday). The recipients will be selected from among all eligible applications via a random drawing. Applications will stay in the candidate pool for the entire calendar year; thus, a student may be selected more than once during the calendar year. The Administrator, whose decisions are final and bonding in all matters, will conduct the drawing. Odds of being a recipient depend on the number of eligible applications received. The potential recipients will be contacted via telephone, email, and/or mail. If the potential recipient fails to complete all required procedures, or if a potential recipient is not in compliance with these Official Rules, then such a person shall be disqualified, and an alternate recipient may be selected.
Notification: Selected recipients of College Dreams Scholarship will be notified by telephone, email, and/or mail. Notification will only be provided to scholarship recipients. Non-selected applicants will not be notified.
Scholarship Recipient: The recipient must successfully complete at least one three-hour credit course towards the completion of an MDC degree. Recipients must submit proof of qualification documents, including MDC credit-hour class schedule, within 30 days following initial notification by EdFed. Proof of enrollment will be required prior to payout. Scholarship funds are deposited into the recipient's EdFed checking or savings account.
Release of Liability and Publicity: Photographs of the recipients may be taken by EdFed for use in EdFed publications and may be released to the news media. Recipients must contact EdFed's Marketing Department to have their picture taken or they may submit an appropriate photograph. Scholarship recipients must consent to the use of their name, photographs, likeness, and limited biographical information for publicity and advertising purposes without further compensation, where permitted by law. All applicants release EdFed, as well as their officers, directors, employees, members, and all others associated with the development and execution of this scholarship program (collectively, the "Released Parties") from any liability with respect to, or in any way arising from, this scholarship program and/or acceptance or use of the scholarship funds, including liability for personal injury, damages, death, or monetary loss.