The James E. Stoner & Allan W. Balch Memorial Scholarship

The Association for Financial Technology has been awarding college, university, business and technical school scholarships to deserving employees and their sons, daughters, stepchildren, spouses, grandchildren and wards since 1985. The awards are named for James E. Stoner, one of the organization's founders, and Allan W. Balch, a two-time President of AFT. One to four scholarships valued at $2,250 to $3,000 each are awarded annually based upon the amount in the Scholarship Fund.

Complete Scholarship Program information and applications are emailed to the primary contact person at each member company on April 1st of each year. Member companies are then responsible for selecting two (2) applicants. Completed applications and Essay Question Forms must be returned to the AFT Executive Office by July 1st. The AFT Scholarship Committee selects one to four winners and checks are mailed to them by the end of August. The winners are announced at the Association’s Fall Conference.

Applicants are awarded point values for senior year high school class ranking and grade point average for full-time students already attending a college, university or trade school. Additional points are awarded for academic achievements and school-related activities. Finally, applicants are awarded points for their responses to three essay questions.

Some member companies voluntarily add to or match the AFT scholarship award, making the grants worth even more to winners.

Complete Scholarship Program information is available from the AFT Executive Office.

Eligibility Requirements

The scholarship awards are available to any employee or a son, daughter, spouse, stepchild, grandchild or ward of an AFT member company employee enrolled as a full-time student at an accredited college, university, business school or information technology related trade school.

Member companies must submit the selected Scholarship Applications and Essay Questions form to the AFT Executive Office by July 1st of each year. Only two (2) applications per member company will be accepted.

No person shall win an AFT scholarship award more than once.