American Savings Foundation slated to give away record $825K to deserving local students this year

Published on Thursday, 13 January 2022 14:23
Written by Erica Drzewiecki


NEW BRITAIN – College is not getting any cheaper, but one local organization is slated to give away a record total of $825,000 to hardworking students this year.

The American Savings Foundation is now accepting applications for its Robert T. Kenney Scholarship Program for the 2022-23 school year.

“We did see a drop in applications last year due to covid, so we really hope to see as many students apply this year as possible,” Foundation President and CEO Maria Falvo told the Herald mid-January.

The foundation offers the largest, independent college scholarship program from a single funding source in Connecticut. Applications are accepted from residents of 64 Connecticut towns, including Bristol, New Britain, Plainville, Newington, Berlin and Southington.

“Making sure students have access to higher education has been part of our mission since we started,” Falvo said. “Knowing there are so many challenges families are facing, we want to make sure our scholarship can help make financial barriers a little less of a challenge for students.”

Everyone from current high school seniors and returning college students to nontraditional adult students can apply. Applications are due by March 31 at midnight. Awards are expected to be announced by early June and distributed ahead of the Sept. semester.

Throughout its 25-year history, the foundation has awarded scholarships to 2,600 students totaling over $14 million.

This year alone, the foundation expects to support close to 400 students, including new applicants and renewing scholars. They plan to attend four-year colleges and universities, two-year colleges and accredited technical or vocational programs.

“This scholarship is renewable, and most of our scholars receive support for all four years of college,” Scholarship Program Officer Heather Hokunson said in a press release. “Our goal is to help reduce some of the financial stress that can keep hard-working students from achieving their dream of a college education.”

Awardees are chosen based on financial need, but academic performance, community involvement and other factors are also considered. High school seniors who apply must be ranked in the top-third of their graduating class or have a 2.5 GPA or higher. Current college students must be maintaining a 2.5 GPA or higher.

Visit to download an application or call 860-827-2556.

Erica Drzewiecki can be reached at

Posted in Newington Town Crier, Newington News on Thursday, 13 January 2022 14:23. Updated: Thursday, 13 January 2022 14:26.