Bank of America Scholarship


This scholarship was established for undergraduate and graduate students who are of low-to-moderate income (80% of the median family income for the county in which their family resides).


Applicant must be a Maine resident; Enrolled in the School of Business on a full-time basis (minimum 12 credit hours); Will graduate no sooner than December of the academic year funds are received; Must be in good academic standing; Scholarship application and Free Application for Federal Student Aid (FAFSA) required; Must meet income qualification.

Award Amount



December 1

How to Apply

Students must complete a School of Business scholarship application. FAFSA also required.

How to Renew

Scholarship is not renewable.


Disclaimer: Be sure to read the criteria for individual scholarships carefully. Most scholarships have enrollment and GPA requirements. Award amounts may vary each year and are subject to fund availability. As an NCAA Division III school, USM is prohibited from awarding scholarships based on athletic participation.

Merit Scholarships

Merit Scholarships at USM

USM is proud to invest millions of dollars each year in merit scholarships for first-year and transfer students. When you apply to USM, you are automatically considered for these renewable scholarships.

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Maine residents: Apply for free

Maine residents Apply to USM for free

Maine residents can apply to USM for free for both undergraduate and graduate admission. If you have any questions please contact the Office of Admissions at 207-780-5670.

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