Individual pharmacy schools administer the CVS Caremark scholarships. If you are interested in winning a scholarship, you need to apply through the financial aid office at your pharmacy school, not through CVS.
The scholarships appear to differ by pharmacy school. St. John's University offers the award to a fourth-year student "who demonstrates academic excellence and a strong commitment to community pharmacy practice." The University of Toledo in Ohio offers the scholarships to fourth or fifth year students who may be interested in retail pharmacy.
Many pharmacy schools offer CVS Caremark scholarships. In addition to St. John's University and the University of Toledo, pharmacy schools in the program include Belmont University, the University of Iowa, Rutgers University and the Medical University of South Carolina.