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Scholarships and Student Loans

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Scholarships and Student Loans

Cherokee State Bank offers a variety of loan and scholarship options that can assist you in paying for college. Pick up an application from your guidance counselor or stop by the bank. Invest in your future and apply today!

The guidelines for these trusts are as follows:


Educational Loans

Pritchard Educational Fund

  • Applicant is a graduate of Cherokee Washington High School
  • No interest on loan
  • Applications available beginning February 1, 2020
  • Deadline to return application is May 1, 2020
  • Average loan in 2019 was $5,000.00

Robert Brunk Educational Fund

  • Applicant is a resident of Cherokee County
  • Applications available beginning February 1, 2020
  • Deadline to return application is May 1, 2020
  • Average loan in 2019 was $2,000.00

William L. and Ethel Gund Memorial Fund

  • Applicant is a graduate of MMCRU High School
  • Applications available beginning February 1, 2020
  • Deadline to return application is May 1, 2020
  • Average loan in 2019 was $9,000.00

Applications for these loans are available in the loan department at Cherokee State Bank. Please plan to visit with a loan staff member for 10-15 minutes to discuss all the loan provisions when picking up applications. 


Scholarship Information

Montiford and Mary Beck Doupe Scholarship Fund

  • Applicant is a resident of Cherokee County
  • Open to students pursuing studies in a medical field
  • Applications available beginning February 1, 2020
  • Deadline to return application is April 1, 2020
  • In 2019, scholarships totaled $52,000.00
 

E. Joe Lundsgaard Educational Trust

  • Applicant is a graduate of Cherokee Washington High School
  • Applicant to attend University of South Dakota
  • Applicant to contact University of South Dakota for application and additional information

Fannye Ament Educational Fund

  • Applications available beginning February 1, 2020
  • Deadline to return application is April 1, 2020
  • $1,000.00 available

Florence Frisbie Educational Fund

  • Applications available beginning February 1, 2020
  • Deadline to return application is April 1, 2020
  • $2,500.00 available

Brummer-Stiles-Duncan Scholarship Fund

  • Applicant is a graduate of Cherokee Washington High School
  • Applications available beginning February 1, 2020
  • Deadline to return application is April 1, 2020
  • In 2019, scholarships totaled $352,500.00

Nonken Trust

  • Applicant is a resident of Cherokee County
  • Applicant is a child or family member of a service veteran
  • Applications available beginning February 1, 2020
  • Deadline to return application is April 1, 2020
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