FB&T Announces Frandsen Foundation Scholarship

March 1, 2024

by Frandsen Marketing Team

Frandsen Bank & Trust and the Frandsen Foundation are excited to announce the addition of five new communities to its college scholarship program. In an effort to positively impact more students, the foundation has included Waterville, Clinton, Ada, Warren/Oslo, and Ely to its existing locations, which include Braham, Rush City, Pine City, Frederic (WI), and Luck (WI).

All graduates of the 2024 senior class in the following school districts are eligible for the Frandsen Foundation Scholarship.
  • Ada Borup West School District
  • Clinton Graceville Beardsley School District
  • Ely Public School District
  • Warren Alvarado Oslo School District
  • Waterville Elysian Morristown School District
Eligible students will have an opportunity to have two years of their college career paid for, including a $1,000 stipend for fees, books, and supplies. Students must attend a technical-ready program at an approved two-year college. Applicants must have a high school diploma and have completed the FAFSA application with their parents, regardless of financial status. 

When asked why the scholarship was offered, Dennis Frandsen replied, "Because it's the right thing to do." The scholarship not only benefits students but also helps businesses and industries. Employers can hire highly qualified workers with technical and business skills, which are in high demand.

Recently, a scholarship recipient who earned a welding certificate shared his success story with high school seniors. He is currently employed in the area and has been promoted multiple times. He owns a home, a snowmobile, and a truck, and he contributed a meal to an elementary student every day last year. He earned a technical degree without any debt, which allowed him to live a comfortable life. 

High school seniors who are interested in the scholarship can complete the application process by visiting their school counselor.

Please note that the Associate of Arts degree is not eligible for the scholarship. 
Applications are currently open for the Frandsen Foundation Scholarship. Since its inception, the Frandsen Foundation has awarded scholarships to 491 students.

Frandsen Bank & Trust has assets in excess of $3.0 billion and offers a complete array of business, agricultural, real estate, and consumer loans, savings, and financial services, serving communities in Minnesota, eastern North Dakota, and western Wisconsin.
 

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