The Best Buy Scholarship, another corporate scholarship, is awarded to high school seniors for general excellence in academics in conjunction with community initiatives. The award is simply a scholarship and does not include any traveling. This scholarship spreads the wealth more, awarding over 1,500 scholarships in 2006. Monetary amounts are 1,000, 2,000, or 25,000 dollars although only very few people (8 in 2006) receive the 25,000 award.

Because the premise of the scholarship is simple (only money) and the amounts offered to students are somewhat smaller, the application is also quite easy. The entire application process is administered by Scholarship America and is almost identical to the applications of other scholarship programs (Target All-Around) that also happen to be administered by Scholarship America. The sections that are required for preliminary screening include biographical information, high school information, post-secondary school (college) information, volunteer/community service records, activities and leadership records, work experience, academic information, and a final verification/signature.

This entire application is online and is usually available at the beginning of the year sometime in January. The due date for this first round of applications is in February. Finalists are then notified at the end of March and have to fill out a relatively painless form. Scholarship recipients are listed online.

The selection process is somewhat confusing. When you apply, you must select the closest Best Buy stores within a 50 mile radius. Each Best Buy store has a limited number of scholarships that it can award (e.g. one 1,000 and one 2,000 scholarship). If you happen to reside outside of the 50 mile radius, then you are pooled together with other individuals in your same circumstance whereupon you would all compete for some pool of scholarships. The national scholarships are then doled out to a small subset of all applicants.