CVS Health Foundation Scholarship Program

CVS Health has a long tradition of supporting the academic aspirations of young scholars. One of the ways we achieve this is by offering children of full-time colleagues the opportunity to apply for a CVS Health Foundation Scholarship, funded by the CVS Health Foundation. The future success of our company, the health of our community, and the overall prosperity of our economy relies heavily on our educational system and its accessibility to students. We are proud that this program has helped hundreds of students achieve their goal of furthering their education.

Applications for the 2020-2021 CVS Health Foundation Scholarship are now closed.

An independent review committee made up of higher education and financial aid professionals will select scholarship recipients. In addition to academic achievement, the committee will take into consideration other indicators of talent and leadership qualities, including: extracurricular activities, work experience, community service, school recommendations as well as the written essay and financial need. Scholarship award amounts will be determined based on school costs and financial need.

Due to an IRS regulation on scholarship funding by corporations for children of colleagues, the program is required to limit the number of scholarships awarded to a maximum of 25% of applications received. Students who receive a scholarship are invited to apply for scholarships in subsequent years, with the knowledge that the application will be reviewed in the context of each year’s pool of applicants in keeping with the IRS limitations of scholarships awarded.

Eligibility Checklist

☐  The student is a dependent child of a full-time CVS Health colleague.
☐  The student is either a high school senior or current college student who will be enrolled during the 2020-2021 school year in a 2 or 4 year accredited U.S. based college, junior college or university leading to a recognized undergraduate degree.
☐  The student’s parent is a full-time colleague at the application deadline.

A complete CVS Health Foundation Scholarship Application must contain all of the information listed below.

☐  Online Application (including student essay)
☐  Transcript: High school transcript from all applicants and college transcript for students already in college
SAT and/or ACT Test Scores: Test scores must be included in the application and a copy of scores must be uploaded to the application
☐  Teacher/Faculty or Guidance Counselor Recommendation Letter             
Student Aid Report (SAR) from FAFSA (please include if you would like financial need to be considered as part of your application for a scholarship)
Financial Aid Award Letter from College. Students already in college should upload their financial aid award letter from the prior year if the upcoming financial aid award letter is not available yet. Students entering college for the first time, should upload a copy of their financial aid award letter, if available.

Questions may be directed to Paola Villatoro at cvsscholarship [at]