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High School Student

High School Students

Renewal Students

Scholarship Changes

Scholarship Changes

Renewal Students John B. and Brownie Young Memorial Scholarship Program

Introduction

The John B. and Brownie Young Memorial Fund was established in 1961 by Senator Gates F. Young to recognize deserving high school seniors graduating from high schools in the Owensboro, Daviess County, and McLean County public and parochial school districts. The scholarships are primarily intended for the first year of college, but scholarships may be and frequently are awarded for education beyond the freshman year. However, renewal applicants should keep in mind that there is no guarantee of an award beyond the freshman year. Renewal awards will vary each year. 

Independence Bank and Trust Department acts as Trustee of the John B. and Brownie Young Memorial Fund. The trust is administered with the assistance of an Advisory Committee consisting of superintendents from each of the school districts whose students may receive scholarships from the trust.

Eligibility for renewal scholarship – McLean County Students only

To be eligible for a renewal Young Memorial Fund Scholarship, a student must have received an award for the preceding scholarship year, be unmarried, and plan to attend an accredited nonprofit college, university, or vocational/technical school on a full-time basis (12 credit hours). Students must remain unmarried during the award year (fall & spring college semesters) or the award will be forfeited.  Students must also remain a full-time student or the award will be forfeited.

Eligibility for renewal scholarship – Daviess County & Owensboro Divisions

Should funds become available for renewal scholarships, eligible students will be contacted.

Awards

Amounts awarded vary greatly between recipients. In determining the amount of the award, the Trustee and Advisory Committee consider all relevant factors, including but not limited to the Student Aid Index (SAI) which is generated when the student files the Free Application for Federal Student Aid (FAFSA), and the average cost of attending the institution of their choice. Letters setting forth the amount of each scholarship award will be mailed to students in the summer.

Application Procedure

Independence Bank must receive the application by May 15th. DEADLINES WILL BE STRICTLY ENFORCED. It is strongly recommended that each applicant file the Free Application for Federal Student Aid (FAFSA) early in the year to be considered for a scholarship greater than the minimum award. A copy of the Student Aid Report from the FAFSA website showing your Student Aid Index is required before your application will be processed.

Payment of Funds

Checks will be made payable to and mailed to the college or university. The checks will be issued in late August and in late December.

Apply Now

The application period for 2024 has closed.

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