Two new scholarships have been announced for Bermudian students in need of financial assistance to pursue their studies.

The Bank of Bermuda Foundation is launching the Donald P Lines Award and the Bank of Bermuda Foundation Vocational Award this year.

A spokesman said the scholarships represent the Foundation’s continuing support for students, as well as recognition that financial need and interest in vocational training reflect a new reality for many students pursuing postsecondary education.

The Donald P. Lines Award, valued at $15,000 for one year, was set up in recognition of Mr Lines, who established The Centennial Trust in 1989 to celebrate the Bank of Bermuda Limited’s 100th anniversary. Applicants must be studying for an undergraduate degree, meet the requirements of the application and apply by the March 31 deadline.

The Bank of Bermuda Foundation Vocational Award, valued at $24,000 per year for two years, was established in recognition that many students want to pursue the trades, vocational or technical training that will lead to job readiness in a variety of fields. It will provide two years of funding for overseas training leading to certification, diploma or associates degree level qualifications. Students are encouraged to pursue studies in areas where there is a clear need for more Bermudians.

Applicants must be studying overseas and be graduates of CedarBridge Academy, the Berkeley Institute or have received a GED from an approved centre. The deadline for applications is April 22.

Students must demonstrate a need for financial assistance to pursue their studies and application can be made via www.bermudascholarships.com.