Richfield-Based Best Buy to Award $1.2 Million in Scholarships

Richfield-based announced it will give away 1,200 $1,000-scholarships to students in grades 9-12 in the U.S. and Puerto Rico in 2011.

The scholarship program, formerly known as the Best Buy Scholarship program, has given more than $18.5 million to more than 14,000 teenagers since its inception in 1999, according to a company press release.

"Best Buy's @15 Scholarship program is an investment in this country's next generation of leaders—an investment that will pay dividends for all of us," Brian Dunn, CEO of Best Buy, said in the release. "Providing teens with access to higher education is just one of the ways Best Buy helps teens make a difference for themselves and, ultimately, their communities."

Scholarship recipients will be selected based on their academic performance, community service commitments and work experience.

The deadline to apply for the scholarship is Feb. 16, 2011. Winners will be announced on May 11, 2011. For more information or to apply for a scholarship, go to at15.com or bestbuy-communityrelations.com. Only online applications will be accepted.