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Top Scholarships for Children of Veterans
Several scholarships are available to children of veterans. Each has its own eligibility requirements and deadlines.
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Anna Helhoski is a senior writer covering economic news and trends in consumer finance at NerdWallet. She is also an authority on student loans. She joined NerdWallet in 2014. Her work has appeared in The Associated Press, The New York Times, The Washington Post and USA Today. She previously covered local news in the New York metro area for the Daily Voice and New York state politics for The Legislative Gazette. She holds a bachelor's degree in journalism from Purchase College, State University of New York.
Des Toups Lead Assigning Editor | Student loans, repaying college debt, paying for college
Des Toups was a lead assigning editor who supported the student loans and auto loans teams. He had decades of experience in personal finance journalism, exploring everything from car insurance to bankruptcy to couponing to side hustles.
NerdWallet ratingNerdWallet's ratings are determined by our editorial team. The scoring formula for student loan products takes into account more than 50 data points across multiple categories, including repayment options, customer service, lender transparency, loan eligibility and underwriting criteria.
Fixed APR
3.59-17.99%
College Ave Student Loans products are made available through Firstrust Bank, member FDIC, First Citizens Community Bank, member FDIC, or M.Y. Safra Bank, FSB, member FDIC. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply. (1)All rates include the auto-pay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. If a payment is returned, you will lose this benefit. Variable rates may increase after consummation. (2)As certified by your school and less any other financial aid you might receive. Minimum $1,000. (3)This informational repayment example uses typical loan terms for a freshman borrower who selects the Flat Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7.78% fixed Annual Percentage Rate (“APR”): 54 monthly payments of $25 while in school, followed by 96 monthly payments of $176.21 while in the repayment period, for a total amount of payments of $18,266.38. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary. Information advertised valid as of 11/1/2024. Variable interest rates may increase after consummation. Approved interest rate will depend on creditworthiness of the applicant(s), lowest advertised rates only available to the most creditworthy applicants and require selection of the Flat Repayment Option with the shortest available loan term.
Variable APR
5.34-17.99%
College Ave Student Loans products are made available through Firstrust Bank, member FDIC, First Citizens Community Bank, member FDIC, or M.Y. Safra Bank, FSB, member FDIC. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply. (1)All rates include the auto-pay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. If a payment is returned, you will lose this benefit. Variable rates may increase after consummation. (2)As certified by your school and less any other financial aid you might receive. Minimum $1,000. (3)This informational repayment example uses typical loan terms for a freshman borrower who selects the Flat Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7.78% fixed Annual Percentage Rate (“APR”): 54 monthly payments of $25 while in school, followed by 96 monthly payments of $176.21 while in the repayment period, for a total amount of payments of $18,266.38. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary. Information advertised valid as of 11/1/2024. Variable interest rates may increase after consummation. Approved interest rate will depend on creditworthiness of the applicant(s), lowest advertised rates only available to the most creditworthy applicants and require selection of the Flat Repayment Option with the shortest available loan term.
NerdWallet ratingNerdWallet's ratings are determined by our editorial team. The scoring formula for student loan products takes into account more than 50 data points across multiple categories, including repayment options, customer service, lender transparency, loan eligibility and underwriting criteria.
Fixed APR
3.49-15.49%
Lowest rates shown include the auto debit. Advertised APRs for undergraduate students assume a $10,000 loan to a student who attends school for 4 years and has no prior Sallie Mae-serviced loans. Interest rates for variable rate loans may increase or decrease over the life of the loan based on changes to the 30-day Average Secured Overnight Financing Rate (SOFR) rounded up to the nearest one-eighth of one percent. Advertised variable rates are the starting range of rates and may vary outside of that range over the life of the loan. Interest is charged starting when funds are sent to the school. With the Fixed and Deferred Repayment Options, the interest rate is higher than with the Interest Repayment Option and Unpaid Interest is added to the loan’s Current Principal at the end of the grace/separation period. To receive a 0.25 percentage point interest rate discount, the borrower or cosigner must enroll in auto debit through Sallie Mae. The discount applies only during active repayment for as long as the Current Amount Due or Designated Amount is successfully withdrawn from the authorized bank account each month. It may be suspended during forbearance or deferment. Advertised APRs are valid as of 10/25/2024. Loan amounts: For applications submitted directly to Sallie Mae, loan amount cannot exceed the cost of attendance less financial aid received, as certified by the school. Applications submitted to Sallie Mae through a partner website will be subject to a lower maximum loan request amount. Miscellaneous personal expenses (such as a laptop) may be included in the cost of attendance for students enrolled at least half-time. Examples of typical costs for a $10,000 Smart Option Student Loan with the most common fixed rate, fixed repayment option, 6-month separation period, and two disbursements: For a borrower with no prior loans and a 4-year in-school period, it works out to a 10.28% fixed APR, 51 payments of $25.00, 119 payments of $182.67 and one payment of $121.71, for a Total Loan Cost of $23,134.44. For a borrower with $20,000 in prior loans and a 2-year in-school period, it works out to a 10.78% fixed APR, 27 payments of $25.00, 179 payments of $132.53 and one payment of $40.35 for a total loan cost of $24,438.22. Loans that are subject to a $50 minimum principal and interest payment amount may receive a loan term that is less than 10 years. A variable APR may increase over the life of the loan. A fixed APR will not.
Variable APR
5.04-15.21%
Lowest rates shown include the auto debit. Advertised APRs for undergraduate students assume a $10,000 loan to a student who attends school for 4 years and has no prior Sallie Mae-serviced loans. Interest rates for variable rate loans may increase or decrease over the life of the loan based on changes to the 30-day Average Secured Overnight Financing Rate (SOFR) rounded up to the nearest one-eighth of one percent. Advertised variable rates are the starting range of rates and may vary outside of that range over the life of the loan. Interest is charged starting when funds are sent to the school. With the Fixed and Deferred Repayment Options, the interest rate is higher than with the Interest Repayment Option and Unpaid Interest is added to the loan’s Current Principal at the end of the grace/separation period. To receive a 0.25 percentage point interest rate discount, the borrower or cosigner must enroll in auto debit through Sallie Mae. The discount applies only during active repayment for as long as the Current Amount Due or Designated Amount is successfully withdrawn from the authorized bank account each month. It may be suspended during forbearance or deferment. Advertised APRs are valid as of 10/25/2024. Loan amounts: For applications submitted directly to Sallie Mae, loan amount cannot exceed the cost of attendance less financial aid received, as certified by the school. Applications submitted to Sallie Mae through a partner website will be subject to a lower maximum loan request amount. Miscellaneous personal expenses (such as a laptop) may be included in the cost of attendance for students enrolled at least half-time. Examples of typical costs for a $10,000 Smart Option Student Loan with the most common fixed rate, fixed repayment option, 6-month separation period, and two disbursements: For a borrower with no prior loans and a 4-year in-school period, it works out to a 10.28% fixed APR, 51 payments of $25.00, 119 payments of $182.67 and one payment of $121.71, for a Total Loan Cost of $23,134.44. For a borrower with $20,000 in prior loans and a 2-year in-school period, it works out to a 10.78% fixed APR, 27 payments of $25.00, 179 payments of $132.53 and one payment of $40.35 for a total loan cost of $24,438.22. Loans that are subject to a $50 minimum principal and interest payment amount may receive a loan term that is less than 10 years. A variable APR may increase over the life of the loan. A fixed APR will not.
Credible lets you check with multiple student loan lenders to get rates with no impact to your credit score. Visit their website to take the next steps.
Marine Corps Scholarship Foundation
Children of individuals who serve or served in the U.S. Marine Corps can apply for financial awards through the Marine Corps Scholarship Foundation's general scholarship program. This program also offers scholarships to children of U.S Navy Corpsmen, Chaplains and Religious Programs Specialists who are or were attached to a U.S. Marine Corps unit.
How to qualify: Applicants must plan to attend an accredited undergraduate college or vocational/technical institution, meet income requirements and have a 2.0 minimum GPA. Federal Service Academy students and those pursuing a second bachelor's degree are not eligible.
When to apply: January 1 to March 3 for undergraduate scholarships. Applications can be submitted anytime for career and technical education scholarships. Learn more.
Dolphin Scholarship Foundation
High school seniors and current college students who are children/stepchildren of members or former members of the U.S. Navy Submarine Force can apply for financial awards through the Dolphin Scholarship Foundation.
How to qualify: Candidates must be unmarried and under the age of 24 during the year of application. Applicants must attend a four-year accredited college or university. Applicants are evaluated based on academic proficiency, extracurricular activities, community service, references and an essay.
Tailhook Educational Foundation Scholarship Awards
The Tailhook Educational Foundation grants scholarships to children and grandchildren of individuals who serve or formerly served in the U.S. Navy as naval aviators, flight officers or aircrewmen, or as carrier aviation air wing or ship's company personnel.
How to qualify: Applicants must be accepted to an undergraduate program at an accredited college or university. Graduate students are not eligible.
When to apply: December 15 to March 1. Learn more.
John Cornelius/Max English Memorial Scholarship
The Marine Corps Tankers Association offers awards to children and grandchildren of current or former active, reserve, retired or honorably discharged members of the Marine Corps Tank Unit and current members of the MCTA.
How to qualify: High school seniors, college undergraduates and graduate students may apply. Applications must submit letters of recommendations, GPA information, information on school activities, and more.
The MG James Ursano Scholarship Program offers financial awards to children of Army soldiers on active duty, children of retired soldiers, or children of soldiers who died while on active duty or retired status. Recipients may reapply each year to receive assistance for up to four academic years.
How to qualify: Scholarships are awarded based on financial need. To be eligible, students must be under the age of 23 and pursuing a four-year undergraduate degree. Students must maintain a 2.0 GPA.
AMVETS provides scholarships to children and grandchildren of veterans, active duty servicemen and members of guard/reserves.
How to qualify: This award is open only to graduating high school seniors with 3.0 minimum GPAs. To be selected, candidates must show academic promise and financial need.
When to apply: August 3 to October 16. Learn more.
Women's Army Corps Veterans’ Association Scholarship
The Women's Army Corps Veterans' Association Scholarship grants scholarships to children, grandchildren, nieces or nephews of female members of the Army.
How to qualify: Graduating high school seniors must have a 3.5 minimum GPA and plan to enroll full time at an accredited college or university. Selections are made based on academic achievement, leadership, recommendations and a biographical sketch.
When to apply: Deadline is February 2. Learn more.
Lt Col Romeo and Josephine Bass Ferretti Scholarship
The Air Force Association provides scholarships for minor dependents of active duty or retired Air Force, Air Force Reserve or Air National Guard enlisted airmen.
How to qualify: The award is open only to graduating high school seniors pursuing a degree in science, technology, engineering or math. Recipients are chosen according to academic achievement, good character and financial need.
The scholarships on this list are all great ways to help pay for college. But be sure to fill out the Free Application for Federal Student Aid so you get other sources of financial aid, too. The FAFSA is the key to unlocking grants, work-study opportunities and even additional private scholarships.
Once you’ve maxed out all initial payment options, including federal loans, consider private loans to cover additional costs. Private loans tend to carry higher interest rates than federal loans. They also have fewer protections and forgiveness options. Shop around and compare private student loans before choosing a lender.
