American Savings Foundation Scholarships are awarded primarily based on financial need and the potential impact of a scholarship award. Consideration is also given to academic record, community involvement, and other indications of a strong desire to achieve goals through education. Awards are renewable for up to 5 academic years.
You should apply for an American Savings Foundation Scholarship if:
There is no minimum GPA required to apply.
Children, Grandchildren, and other related family members of American Savings Foundation board of directors and officers are not eligible to apply for or receive a scholarship from the American Savings Foundation. Please contact the Foundation office if you have any questions.
Decision announced: End of May
2026-27 Application: Opens December 2025
The New Applications for the 2025-2026 academic year is now closed! Applicants will be notified of the decision through the scholarship portal in May. Click below to begin or continue the application in our scholarship portal.
The application for the 2026-2027 academic year will open December 2025. The application will be due on March 31, 2026. In addition to the online application, students will be required to submit:
Most years, the Foundation awards over 100 new scholarships to first-time applicants. The excellence that makes an American Savings Foundation Scholar comes in many forms. While grades are still very important, they are not the only indication that a student has the drive, commitment, and desire to achieve their dreams though college or career training. We want to learn about each applicant and their unique dreams within their application.
70% of our recipients were first generation college students -
meaning neither parent has received a bachelor's degree
96% of our recipients had an SAI under $10,000
Over 80% of our first-year freshmen Scholars earned their bachelor’s
degree within 5 years – this is higher than the state average
91% of our Scholars are attending 4-year colleges or universities
9% of our Scholars are attending 2-year college or technical school
Visit our YouTube channel to hear more from our current scholars, learn about the history of the Foundation, and see the impact of the American Savings Foundation.
Each year one high school senior from New Britain and one high school senior from Waterbury are selected to receive the Robert T. Kenney Community Service Award, named after our founding chairman. Recipients are selected based on an exceptional record of community service which has made a significant impact in their communities, which should be detailed within the New Scholarship Application. Examples may include, but are not limited to: volunteer hours at a local hospital, park, senior center, working on a specific cause or issue, or becoming a mentor for younger participants at a local youth agency.
The recipients of the Robert T. Kenney Community Service Award will have their scholarship increased to up to $5,000 for their freshman year, depending on need. Like all our scholars, recipients will be eligible to re-apply for the American Savings Foundation Scholarship for their remaining years of college.
American Savings Foundation strives to be accessible to anyone seeking information about grants, scholarships, or with general questions. Check out our frequently asked questions, or contact us today to get the assistance you need.