VIENNA, Va.--(BUSINESS WIRE)--Navy Federal Credit Union, today, announced the completion of its 2024 Student Loans Scholarship Sweepstakes. The sweepstakes gave eligible members the opportunity to enter to win a $5,000 scholarship for college tuition, room, and board for the 2024-2025 school year. Navy Federal selected 3 grand prize winners, all of whom received $5,000 to their college or university.

Thanks to this sweepstakes, winner Kaison M., who is a student at The Virginia Military Institute (VMI), is excited to see how this scholarship will help to further his future goals. He said, “This prize expanded my relief and gratefulness to a financial level which further helps me push to get a commission into the United States Air Force at VMI.”

Winner Kim C. said, “It’s not every day that this happens!” when asked how she felt upon hearing the news that she had won the sweepstakes. She said, “This will be extremely helpful. We had a goal to get my son through his first two years of college with zero debt. This has guaranteed that he will start his 3rd year in college with no debt.”

“Here at Navy Federal Credit Union, we are committed to furthering our members’ financial and life goals,” said Caroline Currie, assistant vice president of education lending at Navy Federal Credit Union. “I am thrilled for all of our winners, hearing how these funds will help them to achieve their future goals just goes to show the impact that our work can have in our members’ everyday lives.”

Navy Federal student loans are there for members to borrow what's needed to bridge the gap when federal loans, scholarships and grants aren't enough. To learn about many college planning resources that help aid in this process visit navyfederal.org/makingcents.

About Navy Federal Credit Union: Established in 1933 with only seven members, Navy Federal now has the distinct honor of serving more than 14 million members globally and is the world’s largest credit union. As a member-owned and not-for-profit organization, Navy Federal always puts the financial needs of its members first. Membership is open to all Department of Defense and Coast Guard Active Duty, Veterans, civilian and contractor personnel, and their families. Navy Federal employs a workforce of over 24,000 and has a global network of more than 360 branches. For more information about Navy Federal Credit Union, visit navyfederal.org. Federally insured by NCUA. Equal Opportunity Employer.