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Magnifi Financial Scholarships

Magnifi Financial is offering $18,000 in scholarships to eligible members.

Apply for a scholarship with Magnifi Financial

Apply for a Scholarship

We are excited to once again be offering scholarships to our members! Magnifi Financial has helped students pay for their education for over a decade with scholarship money. Credit unions return profits back to the members in many ways, this scholarship program is a great way for members to benefit from having an account with Magnifi Financial!

 2021-2022 School Year Scholarship Winners:

To receive your scholarship funds, please complete the form here.


Scholarship Eligibility

  • Be a member of Magnifi Financial
  • Be planning to attend an accredited college or university, or a two to four-year community, vocational or technical college. All eligible schools must be accredited by the U.S. Department of Education.
  • Be a full-time or part-time student at the school that you are planning to attend (can be traditional or non-traditional).
  • Applicant cannot be a previous recipient of a Magnifi Financial scholarship.

Scholarship Timeline

  • November 1, 2021 - January 31, 2022: Essay and video applications are accepted
  • February - March, 2022: Essays are evaluated and scored by Magnifi Financial Scholarship Committee
  • March 31, 2022: Winners will be announced by the end of March on this webpage
  • Late March - Early April, 2022: Winners will be contacted by email

Minnesota Family Involvement Council

Offering $16,000 in scholarships to eligible credit union members.

Minnesota Family Involvement Council

View Information


Applicant may submit a video ($1,000) and an essay ($500) in one application but will only be eligible to win one scholarship.

2022 Video $1,000 Scholarship (15 available)

In  a 30-60 second video, explain:

"Describe a time in your life that has shaped who you are as a person.”

Videos will be judged on creativity, originality and the ability to deliver an impacting message.

To apply for the video scholarship, you must:

  • Upload your video to YouTube
  • Set your privacy settings on the video to "Public" so the Magnifi Financial Scholarship Committee is able to view
  • Title the video: "(Your first and last name) 2022 Magnifi Financial Scholar"
  • Fill out the application below
  • Paste your video link in the specified field

2022 Essay $500 Scholarship (6 available)

In 500 words or less, explain:

"Describe a time in your life that has shaped who you are as a person.”

Essays will be judged on originality, providing supporting statements, and the ability to deliver an impacting message.

To apply for the essay scholarship, fill out the application below and paste your essay into the specified field.

2022 - 2023 School Year Scholarship Application is closed

Disbursements of Funds & Accountability

The recipient is responsible for providing Magnifi Financial with their 2022 Fall transcript, showing the official grades and proof of registration for Spring 2023 to receive scholarship payment. Recipients must maintain a minimum of a 2.0 on a 4.0 GPA scale, or equivalent of a “C” average in order to receive their funds. Must be redeemed from Magnifi Financial by May 31 of the qualifying school year. If any questions contact us at 888.330.8482 or on our Contact Us webpage

Financial need is not considered in the selection of the scholarship money. Employees and immediate family members of Magnifi Financial employees are not eligible to enter. Transcripts and letters of recommendation sent with the application will not be considered. Video entries must not be derogatory, offensive, threatening, defamatory, disparaging, and libelous or contain any content that is inappropriate, sexual, profane, indecent, slanderous, and discriminatory in any way.

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Join the Magnifi Family!

At Magnifi, you're not just a member-owner of an award-winning credit union, you become part of the Magnifi family and receive all the benefits and perks you need to succeed financially.

Am I Eligible? Become a Member
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