Criteria are subject to change, but here are the eligibility rules used in 2012: Eligibility And Judgingĭetails about the program are available in the current copy of this document.

The application period usually starts in December and ends in February, and the company advises applicants not to wait until the last few days because of increased traffic that slows the site down. Currently, 1,100 high school students receive $1,000 each, payable to the college of your choice to cover part of your school expenses for the fall of your first year.īest Buy has hired a company called Scholarship Management Services to administer the program on its behalf, but you can apply online through the Best Buy site. The Best Buy Scholarship Program has been distributing financial aid since 1999, and so far has given at least $20.7 million in scholarships. Geek Squad was an independent business until it entered a partnership with Best Buy in 2002, and now Geek Squad servicepersons make house calls on the company’s behalf. Its personnel can install, troubleshoot, and repair the equipment it sells or other comparable equipment. One of the most interesting features of Best Buy’s approach to business is its development of the Geek Squad, a 24-hour tech support service based in not only individual Best Buy stores but also free-standing service centers. Best Buy moved into Canada in 2002 and China in 2003, and now operates in thirteen countries worldwide. The company went public in 1985, and in 1989 it started placing all its inventory on the sales floor, which was a new concept at the time. Best Buy was founded in 1966 as a retailer of audio equipment called Sound of Music, adding video equipment and appliances in the 1980s.

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