Alerus Scholarship

The Alerus Scholarship replaced the Home Federal Savings Bank Scholarship in November 2024. This scholarship will benefit students who are majoring in the College of Business.

Criteria

1. Undergraduate
2. Full time = 12 credits per semester
3. Declared major in the College of Business
4. Any Class year
5. Financial need based on essay
6. In good academic standing with a GPA of 2.5 g.p.a.
7. Preference to a BIPOC student

Background and Motivation
Alerus is a commercial wealth bank and national retirement services provider that delivers diversified and comprehensive financial solutions — including banking, wealth services, and retirement and benefits services — to businesses, organizations, and personal clients. Our purpose is to help clients achieve theirs and as company owners through the Alerus ESOP, our team members have a vested interest in each client’s success.
With roots tracing back to 1879, Alerus has a long history of serving businesses, families, and individuals while giving back to our communities. We believe success is never final, and through this scholarship we are proud to recognize the hard work and potential of a deserving business student as they pursue their education and career goals.