CVS Health has a long tradition of supporting the academic aspirations of young scholars. One of the ways we achieve this is by offering children of full-time colleagues the opportunity to apply for a CVS Health Foundation Scholarship, funded by the CVS Health Foundation. The future success of our company, the health of our community, and the overall prosperity of our economy relies heavily on our educational system and its accessibility to students. We are proud that this program has helped hundreds of students achieve their goal of furthering their education.
Open only to children of full-time CVS Health employees.
An independent review committee made up of higher education and financial aid professionals will select scholarship recipients. In addition to academic achievement, the committee will take into consideration other indicators of talent and leadership qualities, including extracurricular activities, work experience, community service, school recommendations as well as the written essay and financial need. Scholarship award amounts will range from $1,000 to $7,500 and be determined based on school costs and financial need.
Due to an IRS regulation on scholarship funding by corporations for children of colleagues, the program is required to limit the number of scholarships awarded to a maximum of 25% of applications received. Students who receive a scholarship are invited to apply for scholarships in subsequent years, with the knowledge that the application will be reviewed in the context of each year’s pool of applicants in keeping with the IRS limitations of scholarships awarded.
- The student is a dependent child of a full-time (30+ hours) CVS Health colleague. Children are defined as natural and legally adopted, or stepchild, or foster under legal guardianship of the CVS Health colleague parent/guardian.
- The student is either a high school senior or current college student who will be enrolled during the 2023-2024 school year in a 2- or 4-year accredited US-based college, junior college, or university leading to a recognized undergraduate degree.
- The student’s parent is a full-time colleague at the time of the application deadline.
- The applicant must be under age 25 at the time of the application deadline.
February: Application open online
April: Applications due online by midnight EST on specified date
Early June: Applications reviewed
Late June: Applicants notified of decision
August: Checks sent to colleges
Questions may be directed to