Capital One is a Fortune 500 company with locations primarily in New York, New Jersey, Texas, Louisiana, Maryland, Virginia and the District of Columbia. It strives to foster community development through financial support for education. To accomplish this goal, Capital One offers several scholarship opportunities.

Capital One Mascot Challenge

Capital One sponsors the annual mascot challenge, which, at the time of publication, awards $20,000 in scholarship money annually to the winning school‘s mascot program. This money can be used to provide scholarships to the school’s mascot. Schools receive $5,000 toward their mascot programs just for participating. Mascots are nominated by fans throughout the football season. Based upon the number of nominations, Capital One selects the most popular 16 university mascots to compete in a fan-favorite contest. Fans vote online to choose the winner.

Fostering a Future Scholarship

In partnership with the Dave Thomas Foundation and The Children’s Action Network, Capital One gives scholarships to children who have spent time in foster care. To be eligible, students must have been adopted at or after they turned 13 years old. The scholarship is open to graduating high school seniors who demonstrate improvement in grades throughout their matriculation. Interested applicants must submit three essays on specified topics, transcripts and two letters of recommendation. At the time of publication, those selected for the scholarship receive $5,000 if they are attending a community college and $10,000 if they attend a four-year college or university.

Capital One Diversity Scholarship Program

Capital One offers scholarships to African-American, Asian, Hispanic, LGBT and female students who are currently enrolled as sophomores at schools where Capital One recruits. Awardees each receive $2,500. The scholarship seeks to award financial support to top-performing students and to attract diverse talent. Scholarship recipients also participate in a summit for developing leaders, which exposes them to career opportunities in the financial services industry. In addition to the diversity requirements, applicants should have a 3.4 GPA and major in business, science, technology, engineering, economics or mathematics.

Capital One Cup

The Capital One Cup Challenge rewards NCAA Division I athletics programs for their cumulative on-field performance across multiple men's and women's sports. At the time of publication, teams compete for $400,000 in scholarship money through the program. Division I schools earn points based on their teams' top-10 finishes in NCAA Division I championships and in final official coaches' polls in 13 men's and 13 women's sports throughout the year. The two athletics programs with the highest points across the men's and women's sports are announced as the Capital One Cup winners. To be eligible, individuals must be members of NCAA Division I teams in sports such as football, volleyball, lacrosse, swimming and track. The winning teams receive the scholarship and trophy at the ESPY awards every July.