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No Pen Required - Online Applications Open for 40 U.S. Bank Internet Scholarships

MINNEAPOLIS, Nov 29, 2010 (BUSINESS WIRE) --

Eligible high school seniors and college or university undergraduates can now go online and apply for one of 40 U.S. Bank Internet Scholarships. This is the fifteenth year of the scholarship program.

The U.S. Bank Internet Scholarship program, available only via U.S. Bank's web site at www.usbank.com/studentloans, will award up to 40 college scholarships valued at $1,000 each for the 2010-2011 academic year. Scholarship awards for the past 14 years total more than $390,000.

"U.S. Bank is proud to continue its Internet scholarship program to help students fund their education," said Mark Snyder, vice president for U.S. Bank Student Lending.

The U.S. Bank Internet Scholarship Program application is available exclusively via the Internet between now and March 31, 2011. Internet access is available at most high schools and public libraries at no charge.

Scholarship award recipients are selected through a random drawing process. A high school senior planning to enroll or a current college freshmen, sophomore or junior at an eligible four-year college or university participating in the U.S. Bank No Fee Education Loan Program are eligible to apply. They must also be a United States citizen or permanent resident alien, and be enrolled before September 1, 2011. Recipients of a U.S. Bank Internet Scholarship will be notified of their selection during the spring of 2011. Visit the web site at www.usbank.com/studentloans for additional scholarship information.

U.S. Bank is one of the top student banking institutions in the nation, providing a comprehensive line of student banking products including private student loans, campus ID card programs, Internet banking, U.S. Bank student checking and savings and Visa Buxx(R) prepaid spending cards. U.S. Bank's private No Fee Education Loan can help fill the gap when federal loans are not enough. Students can access the No Fee Education Loan application, as well as paying for college information, at U.S. Bank's website www.usbank.com/studentloans.

U.S. Bancorp (NYSE: USB), with $291 billion in assets as of Sept. 30, 2010, is the parent company of U.S. Bank, the fifth largest commercial bank in the United States. The company operates 3,013 banking offices in 24 states and 5,323 ATMs, and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. Visit U.S. Bancorp on the web at www.usbank.com. Member FDIC.

SOURCE: U.S. Bank

U.S. Bank
Amy Frantti, Media Relations, 612-303-0733
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding U.S. Bancorp's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.



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