Wells Fargo Invites Veterans to Apply for Veteran Scholarships, Emergency Grants

48 scholarships and 84 emergency grants awarded since 2016 to
veterans and spouses of veterans with disabilities

SAN FRANCISCO–(BUSINESS WIRE)–Wells
Fargo & Company (NYSE: WFC) and Scholarship
America announced they are accepting applications for the 2018 Wells
Fargo Veterans Scholarship and Wells Fargo Veterans Emergency Grant
Programs. In 2016, Wells Fargo committed $2 million over a four-year
period to fund the programs and help veterans and spouses of veterans
with disabilities succeed in careers they choose. Since the programs
launched, 48 scholarships and 84 emergency grants have been awarded.

“Wells Fargo’s robust support of military members and veterans is
impressive, with efforts totaling more than $100 million in the past
five years,” said Robert C. Ballard, president and CEO of Scholarship
America. “The company looks at all of the needs of service members and
veterans, from financial education to housing to scholarships and
emergency grants. Scholarship America is proud to work with Wells Fargo
on these programs.”

Mark Frank, a U.S. Navy veteran, was one of the first awarded a Wells
Fargo Veteran Scholarship for the 2016–17 school year at Louisiana State
University, where he is studying to be a petroleum engineer. He served
six years as a Nuclear Machinist Mate on the fast attack submarine USS
Springfield, completing two Central Command deployments. Frank was
awarded four Navy and Marine Core Achievement Medals, a Global War on
Terrorism Expeditionary Medal, and two Sea Service Ribbons. He currently
serves as president of the Student Veterans of Louisiana State
University student organization and as an adviser with Student
Government Veteran & Military Affairs.

“I greatly appreciate receiving the Wells Fargo Veteran Scholarship to
help me complete my education,” said Frank. “The financial burden of
college is increasingly challenging. Even with the help of the GI Bill,
there is still a substantial financial burden, with daily living
expenses. With this scholarship, I can focus on school rather than
stress about financial debt.”

Scholarship America, one of the largest providers of U.S. postsecondary
educational assistance programs, and Wells Fargo have worked together
since 1991, starting with the Children of Employee Scholarship Program.
The two organizations collaborated on the application and selection
process for the scholarship and emergency grants, using best practices
from the highest quality postsecondary educational aid programs.

“The government offers the GI Bill to help veterans cover the cost of
obtaining education or training, but there is still a financial gap,”
said Jerry Quinn, Wells Fargo Military & Veteran Program manager. “By
working with Scholarship America, we are able to fill that gap and help
veterans and spouses of veterans with disabilities reach their
educational goals. These men and women have put their lives on the line
for our country. This is just one of the many ways Wells Fargo expresses
its appreciation for their service.”

The Wells Fargo Veterans Scholarship Program

Applications for the scholarship program are being accepted through Feb.
28, 2018. Awards will be made to honorably discharged veterans or
spouses of disabled veterans who are high school or GED graduates.
Renewable scholarships for up to $7,000 per year will be granted,
determined by financial need and consideration of academic performance,
work experience, leadership, community service, and challenges with
completing a postsecondary program. Each award renewal will increase by
$1,000 over the previous year to encourage program completion for each
recipient.

Visit www.scholarsapply.org/wellsfargoveterans
for more information and to apply.

The Wells Fargo Veterans Emergency Grant Program

Emergency grants are available on an ongoing basis for eligible veterans
who are enrolled in postsecondary education and experience unexpected
financial difficulties that might cause them to drop out of school.
Grants will be available for a one-time distribution up to $1,000 based
on the cost of the emergency need, such as rent, utilities, daycare, and
medical expenses. Visit www.scholarsapply.org/wellsfargoveteransemergency
for more information and to apply.

More information about Wells Fargo’s support of service members,
veterans, and their families is available at
wellsfargo.com/military/veterans.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based
financial services company with $1.9 trillion in assets. Wells Fargo’s
vision is to satisfy our customers’ financial needs and help them
succeed financially. Founded in 1852 and headquartered in San Francisco,
Wells Fargo provides banking, insurance, investments, mortgage, and
consumer and commercial finance through more than 8,400 locations,
13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has
offices in 42 countries and territories to support customers who conduct
business in the global economy. With approximately 268,000 team members,
Wells Fargo serves one in three households in the United States. Wells
Fargo & Company was ranked No. 25 on Fortune’s 2017 rankings of
America’s largest corporations. The Chronicle of Philanthropy ranked
Wells Fargo No. 3 on its most recent list of the top corporate cash
philanthropists. In 2016, Wells Fargo donated $281.3 million to 14,900
nonprofits and Wells Fargo team members volunteered 1.73 million hours
with 50,000 nonprofits. Wells Fargo’s corporate social responsibility
efforts are focused on three priorities: economic empowerment in
underserved communities, environmental sustainability, and advancing
diversity and social inclusion. News, insights and perspectives from
Wells Fargo are also available at Wells
Fargo Stories.

About Scholarship America

For nearly 60 years, Scholarship America has worked directly with
students, parents, donors, colleges, businesses and communities to
empower people to achieve their educational goals. As the nation’s
largest private education support organization, having distributed over
$3.7 billion to more than 2.3 million students, Scholarship America is
now working to further engage the private sector to support programs and
policies that advance equity in postsecondary education and help
students overcome barriers to access, persistence and attainment. More
information is available at scholarshipamerica.org.

Contacts

Media
Lisa Westermann, 415-222-6236
Lisa.B.Westermann@wellsfargo.com
Twitter
@LWestermannWF