Houghton, MI (March 31, 2026) |
Breakwater Federal Credit Union has announced an extension to the application deadline for its 2026 Scholarship Program, providing eligible student members with additional time to apply. The application deadline has been extended to Monday, April 6, 2026, no later than 5PM.
Breakwater will award three $1,500 scholarships to student members who plan to continue their education at a college, university, vocational, or trade school during the 2026–2027 academic year. Two scholarships are open to all applicants, while one will be reserved for a first-generation college student as they take the first step toward higher education for their family.
This year’s scholarships will be awarded to students who demonstrate academic commitment, strong character, financial responsibility, and concern for their community. Students interested in applying will need to submit an essay response to this year’s prompt, a reference letter from a school employee, and a reference letter from a community member who is not affiliated with the school. They will also need to download and complete the Student Information Sheet to provide basic information about themselves. Full details about Breakwater’s application requirements can be found on our website.
All eligible applications will be evaluated by an internal scholarship committee, with each committee member reviewing submissions independently using a point-based scoring system. Applications will be evaluated on essay quality, strength of recommendation letters, and membership history.
Recipients will be notified of award decisions no later as soon as possible and are encouraged to attend Breakwater’s Annual Meeting and Dinner to accept their award on Tuesday, April 21, 2026. Scholarship funds will be disbursed directly into the recipient’s member account once proof of enrollment has been provided and must be used for educational expenses such as tuition, fees, or books.
“Investing in our members’ futures is at the heart of our mission,” said Paula J. Megowen, President and CEO of Breakwater. “We are proud to support students as they take the next step in their educational journey and are pleased to offer additional time for applicants to complete their submissions.”
Breakwater Federal Credit Union strives to empower members and strengthen the Copper Country through financial resources, education, and community support. The scholarship program aligns with Breakwater’s long-standing mission to foster financial literacy, encourage responsible money management, and create opportunities that contribute to a stronger, more resilient community.
Application Requirements can be found here:
Breakwater Scholarship Program - Breakwater Federal Credit Union
