Scholarship – Summer 2020

12M Loans Scholarship 2020


Treating our customers with care, and working with them in a friendly and transparent way is the right instrument to motivate and teach them to use their money correctly.

At 12M Loans, apart from striving to become the best connecting service where users can find a suitable loan, be it a payday loan, cash advance, a personal loan, or a loan for bad credit, we also truly believe that building financial literacy should start at an early age.

And just because we strive to be better at what we are doing, at 12M Loans we have launched for a couple of year now now a scholarship for students. In this way we're sure we're contributing to their financial education, and further to a better, more financially-independent world.


We are proud to present to you our Winners, who stood out of the majority given their visions, ambitions, and desire to learn.

After a thorough analysis of all the submissions based on correctness, originality, quality of content, and applicability of suggestions the following candidates have been selected so far as Winners in our Scholarship Contest.

Meet our Spring 2018 Scholarship WinnerEdidem Ekpoudom!
Meet our Summer 2018 Scholarship WinnerAbiodun Oni!
Meet our Fall 2018 Scholarship WinnerRaja Hussain!
Meet our Spring 2019 Winner & favoritesKimberly, Daphnee and Nnenna!
Meet our Summer 2019 Winner & favorites - Nicole, Bisola and Andre Alexander!
Meet our Winter 2020 Winner & the Favorite - Aysiah and Britta!

Scholarship Winners

Scholarship Information

12M Loans will grant a $500 Scholarship two times a year to students for covering education costs. The Scholarship will be recurring, and we will award it two times a year.

Scholarship Eligibility

- At least eighteen (18) years old;
- Full-time or part-time enrolled in a U.S. school, college, professional, trade school or accredited university;
- U.S.A. citizen or resident;
- Having a minimum cumulative GPA of 2.8.

Scholarship Eligibility and Information

12M Loans 2020 Scholarship topics

How Can You Participate

You should submit an original video or infographic accompanied by an essay in English of no less than 750 words. Your application should reflect one of the following topics:
- Underestimated Emergency Fund and Why Does It Merit Attention?
- Why is it important to be financially literate as a student?
You also should Like and Share at least one of our profiles on Facebook or Twitter.

Just Submit Your Application!

We are waiting for the applications (the link to the video or the infographic and the essay) at

All incoming e-mails should contain student’s contact information (name, date of birth, University, the city of residence, etc.), and the academic transcript for 2019 or the last semester.

The Deadline for submission is 06.30.2020.

Scholarship application

We Engage to

Analyze all incoming applications based on the criteria of correctness, originality, quality of content, and applicability of suggestions until 07.15.2020. We will announce the winner by e-mail within two weeks after deadline, requesting additional information to make the bank transfer.

Important Additional Aspects

- We will disqualify you if your work will be plagiarized, and will not comply with our requirements.
- We will not consider applications received after the deadline.
- If you send your application, you accept to make your name and photo public, in case of winning the scholarship or in case of qualifying as a finalist.
- In case of winning the scholarship or being selected as a finalist, we may post the work on our website without further notice.
- We do not apply any fees for taking part in our contest.

By applying for a 12M Loans Scholarship, you agree to the following terms and conditions:

  • Scholarship is intended for covering winner’s education costs.
  • Scholarships are awarded based on eligibility criteria established and outlined on the dedicated scholarship page of our website.
  • All correspondence between the applicant and 12M Loans (referred to as ‘the company” herein) will be operated primarily via email. With this in mind, we suggest whitelisting the Company’s email address ( in order to prevent letters from falling into the spam folder.
  • An applicant may apply for more than one scholarship.
  • The company has sole discretion of selecting scholarship recipients.
  • Scholarship winners will be contacted by e-mail within two weeks of the scholarship application deadline.
  • If the winner will not reply within 72 hours after receiving the company’s message, the company reserves the right not to award the scholarship to the winner.
  • The scholarship may be awarded to another applicant in case the winner refuses to accept the scholarship.
  • The decision of all selection committees is final.
  • It is the responsibility of scholarship applicants to notify the company of any changes in contact information that may affect company’s ability to reach them during the award period.
  • Recipients may only win once at any given time.
  • Any successful applicant may be required to show proof that they are enrolled on, or have been accepted on, an accredited university.
  • Not presenting the necessary proof according to the eligibility criteria described on the dedicated page will result in disqualifying the applicant.
  • Scholarships will be remitted to the school the student attends, based on the information provided by the winner on where at the institution to send the award payment.
  • The scholarship can be paid into winner’s nominated bank account, or by other means, to be discussed between the company and the applicant.
  • The company reserves the right to make final decision on how payment is made, and can withdraw the offer of scholarship if an amicable and realistic payment process cannot be reached.
  • The application process is free of charge.
  • The scholarship winner will be required to submit a current photo, and a short information about his\her self.
  • By applying for the scholarship, the applicant grants the company permission to use the submitted materials on company’s site.
  • By applying for the scholarship, the applicant grants the company permission to use their photo and short biography on company’s site in case of winning, or in case of being selected as a finalist.
  • The company reserves the right to change the scholarship program at any time, including available scholarships, deadlines, requirements, award amounts or other program details.
  • The company reserves the right to cancel the Scholarship program at any point.
  • The company reserves the right to answer to all inquiries related to this topic within 72 hours from the receipt of the e-mail.
  • Applicant’s personal information will be treated in compliance with company’s Privacy Policy in force.
  • All information provided in the scholarship application is confidential and will be treated as such. The company will not share address or contact information with third parties.
  • Any complaints or inquiries can be sent to

Important details to consider

We Wish You Good Luck!

Spring 2018 Scholarship Contest Winner

Edidem Ekpoudom Photo Name: Edidem Christopher Ekpoudom
Institution: Clayton State University
Subject: Administrative Management
Graduation Year: 2022
Social Profiles:   facebook icon
Edidem has submitted an useful essay and an explicit video on “How to Build Healthy Borrowing Habits”.

Summer 2018 Scholarship Contest Winner

Abiodun Oni Photo Name: Abiodun Oni
Institution: Johns Hopkins University
Major: Chemistry
Graduation Year: 2020
Social Profiles:   facebook icon
Abiodun has submitted an extraordinary essay and an explicit video on “Her Top 3 Financial Strugles in College”.


Fall 2018 Scholarship Contest Winner

Raja Hussain Photo Name: Raja Hussain
Institution: University of Maryland College Park
Subject: Informational Systems
Graduation Year: 2021

Raja has submitted an elaborate essay and an interesting infographic on “Increasing the Chances of Getting a Job After College”.

Spring 2019 Scholarship Winner and Favorites

Kimberly Absher 12MLoans Scholarship Winner

Name: Kimberly Absher
Institution: Washington State University
Subject: MA in Strategic Communication
Graduation Year: 2019
Hobbies: Volunteer work with local health non-profits
Social Media Profile:facebook icon

Kimberly has submitted an elaborate essay and a positive and encouraging video about “10 Money-Saving Tips I Learned in College” that we loved from the first sight.

In fact, we were pleasantly surprised to receive so many valuable essays this Spring, that we couldn't help to particularly mention our favorite applicants by granting them a $50 prize each.

12M Loans Scholarship Second Prize Name: Daphnee Paul
Institution: Santa Fe College
Graduation Year: N/A
Degree: Nursing
Hobbies: Loves experimenting with cooking

Daphnee has also chosen to submit an essay and an exhaustive video on the "10 Money-Saving Tips I Learned in College" topic, providing some very useful and applicable tips and tricks.

Nenna Umelloh - 12M Loans Scholarship Second Prize Name: Nnenna Umelloh
Institution: Hult International School of Business
Degree: Master
Graduation Year: 2020
Subject: International Business
Social Media Profiles:facebook icon

The story behind Nnenna's essay has literally impressed us. Her experience is inspiring and we encourage everyone to follow her example when it comes to applying for scholarships 🙂

Summer 2019 Scholarship Winner and Favorites

Nicole Ucheya Photo 12MLoans Summer 2019 Scholarship Winner

Name: Nicole Ucheya
Institution: Johns Hopkins University
Graduation Year: 2023
Social Media Profile: facebook icon

Nicole has submitted an uplifting essay and a positive and encouraging video sharing her "Ideas to Supercharge Your Motivation" that we loved from the first sight.

We are so happy to see the growing interest in the 12M Loans Scholarship. It is so pleasant to receive more and more valuable essays with each edition. But it is more and more difficult for us to select a single winner. So, it seems to become a tradition to mention also 2 favorite applicants by granting them a $50 prize each.

Bisola Olowe Photo 12MLoans Summer 2019 Scholarship Finalist
Name: Bisola Olowe
Institution: College of William and Mary in Williamsburg
Major: Kinesiology and Health Sciences with a minor in Spanish
Graduation Year: 2022
Social Media Profiles: facebook icon

Bisola has also chosen to submit an essay and an exhaustive video on the "Ideas to Supercharge Your Motivation" topic, providing some very useful and inspirational ideas.

Andre Alexander Noble 12MLoans Summer 2019 Scholarship Finalist
Name: Andre Alexander Noble
Institution: Santa Fe College
Major: Nursing
Graduation Year: 2019
Hobbies: Reading science fiction related to the African Diaspora

Read Andre Alexander's essay and watch his video on the "Simple Things You Can Do To Be Helpful While Young" topic.

Winter 2020 Scholarship Winner and Favorite

Aysiah Xiong 12M Loans Winter 2020 Scholarship Winner

Name: Aysiah Xiong
Institution: University of Wisconsin-Milwaukee
Degree: Bachelor of Art
Major: Film, Video, Animation & New Genres
Graduation Year: 2023
Social Profiles:  Facebook LinkedIn Twitter Instagram

Aysiah has submitted an awesome essay and a comprehensive infographic illustrating "The Best Ways to Overcome Financial Hardship" that demonstrate her consciousness and deep knowledge of financial issues.


The 12M Loans Scholarship Contest Committee would like to thank all students that submitted their essays, videos/ infographics. We are happy to observe the raising activity of students along with their competency in the financial side of life.
In the Winter 2020 edition of our scholarship contest, we would like to distinguish one more outstanding essay that is awarded a 50$ prize.

Britta Holmberg 12M Loans Winter 2020 Scholarship Finalist
Name: Britta Holmberg
Institution: Biola University
Major: Biology and Art
Graduation Year: 2024
Britta has also chosen to submit an essay and an inspirational infographic on the "Where Indebtedness Will Lead Me" topic.