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Risk Management/Insurance Scholarship Opportunities
Risk Management/Insurance majors are encouraged to apply for the scholarships described below. Unless otherwise noted, application forms are available from the RMI Departmental Office, Rm. 313, in the College of Business.
The departmental scholarship application is made available twice a year (fall and spring semesters). By completing the application, you will be considered for all scholarships that are listed below for which you meet the eligibility requirements. The recipients are determined by the RMI faculty unless otherwise noted. In addition, a list of scholarships that generally target RMI majors available from external sources is provided with the appropriate contact information and application due dates.
Robert T. Powell Endowed Scholarship: Established in 1990 by Robert T. Powell, who served 20+ years as Southeast Regional Vice President, State Farm Insurance Companies. Several awards are given per year, with the amount of the scholarship(s) being based on annual net earnings from the investment of the principal of this fund. Candidates should be RMI majors entering their junior/senior year; preference is given to students who have demonstrated academic ability; financial need is an additional consideration.
E. Ray Solomon Scholarship Fund in Insurance: Established in 2008, The E. Ray Solomon Scholarship in Insurance supports undergraduate students majoring in Risk Management/Insurance. Selection criteria include involvement in activities which contribute to the advancement of the Department of Risk Management/Insurance and the College of Business, academic achievement, and financial need. Two $1,000 scholarships are awarded annually each fall semester.
Elfreda L. Egger, CPCU Memorial Scholarship Fund: The Elfreda L. Egger CPCU Memorial Scholarship was established in 2004 by the Florida Home Builders Insurance Agency as a lasting tribute to the life of Elfreda L. Egger. Candidates for this scholarship are students in the College of Business with preference given to students majoring in Risk Management/Insurance. The number and amount of the scholarship award(s) varies.
Kristen Waters Hood / Cynthia Waters Fletcher Scholarship in Risk Management and Insurance:
Established in 2002 through the Waters Endowed Fund in Risk Management and Insurance, the Kristen Waters Hood / Cynthia Waters Fletcher Scholarship is awarded to deserving students in the Risk Management and Insurance Program. The number and amount of the scholarship award(s) varies.
Florida Gold Coast CPCU Chapter Scholarship: Established in 2003 by the Florida Gold Coast Chapter of CPCU. One scholarship is awarded in the amount of $1,000. Selection is made in the spring, and the award is made in the next fall semester. Preference will be given to students from the South Florida area. Other criteria are: Junior (not senior) RMI Major at time of application, minimum of 3.0 GPA, primary interest in Property-Casualty insurance. RMI faculty will make recommendation to Florida Gold Coast CPCU Chapter.
CPCU “Gulf” Coast Scholarship: The Florida Gulf Coast Chapter of CPCU has recently established a $1,000 scholarship for a junior or senior RMI major. Must be a Florida native from Escambia, Santa Rosa, Okaloosa, or Walton County. Completed application must be received in the department office by September 4, 2009 for consideration
Tom C. Johnson Scholarship: Established in 1990 by Florida Association of Insurance Agents in honor of Tom C. Johnson. One scholarship in the amount of $1,500 is awarded for the academic year. Eligibility criteria include: academic performance, career interest in the property & casualty industry; financial need; extracurricular activities; upper-class status (returning senior); RMI major; and Florida resident. Recipient is selected from students nominated by RMI faculty.
Buddy McCue Scholarship: Established in 1998 by Florida Association of Insurance agents in honor of William G. (Buddy) McCue, Jr., President of FAIA. The scholarship award is $1,000 for the academic year. Selection criteria are similar to the Tom Johnson Scholarship.
Hilton-Oliver Scholarship: Earnings from the combined funds are used to award scholarships to deserving undergraduate and graduate students majoring in Risk Management and Insurance. The number and amount of the scholarship award(s) varies.
Katrina Anne “Katie” Froeschle Memorial Scholarship: Established in 2004 in memory of Katie Froeschle, a graduate of the RMI program. Scholarships are awarded to deserving students majoring in Risk Management and Insurance. The number and amount of the scholarship award(s) varies. Additional information can be found on the Katie Froeschle Foundation web site at: www.katiefoundation.org.
Windstorm Insurance Network, Inc. Endowment Fund: Established in 2009, The Windstorm Insurance Network, Inc. Endowment Fund was created to provide support to undergraduate and graduate students majoring in Risk Management/Insurance. Selection criteria include minimum GPA of 2.5 and financial need. Preference will be given to students demonstrating scholarship, leadership, and character; students involved in community service activities; and students that are dependents of members of the WIND network.
NOTE: The following scholarships are awarded by organizations outside the RMI Department. Deadlines and application procedures are unique to each scholarship. While some applications are available by contacting the RMI Departmental Office (Room 313 RBA), others must be obtained directly from the sponsoring organization through the website links provided.
SPRING SCHOLARSHIP OPPORTUNITIES
Self-Insurance Educational Foundation, Inc. Scholarship: The Self-Insurance Educational Foundation, Inc. (SIEF) is an organization dedicated to promoting a greater awareness and understanding of self-insurance and alternative risk transfer. SIEF is affiliated with the Self-Insurance Institute of America, Inc. a national trade association dedicated to protecting and promoting self-insurance and alternative risk transfer. SIEF’s scholarship program is for undergraduate students in accredited four-year colleges and universities who are considering pursuing a career in the self-insurance/insurance or risk management industry or allied professions. SIEF will be awarding scholarships in the amount of $3,500 to four qualified students. Students must be full-time and maintain a GPA of not less than 3.0. Additional information can be found on the Foundation web site at: http://www.siefonline.org/programs.html. Application deadline is in May.
Spencer Foundation Scholarships: Several $5,000 scholarships are awarded each spring to full-time undergraduate students majoring in Risk Management & Insurance. Awards of $10,000 are available to graduate students. The Spencer Foundation also funds pre-dissertation Ph.D. scholarships. Eligibility requirements and applications are available on the Foundation web site at: www.spencered.org. (Applications may be completed online and sent electronically to the Foundation; however, original transcripts are required and must be mailed directly to the Foundation in order to be considered a complete application.) Application deadline is in January.
Independent Insurance Agents of Tallahassee Scholarship: IIA of Tallahassee awards a $1,000 scholarship annually to a student in the FSU School of Risk Management & Insurance. Applicants must be enrolled on a full-time basis; must be a U.S. citizen, and must be a Florida resident. Applicants are evaluated based on scholastic aptitude and professional contributions. The application is available here. The application deadline is February 11th.
Insurance Scholarship Foundation of America: The Insurance Scholarship Foundation of America has several scholarship opportunities available for students majoring or minoring in insurance, risk management, or actuarial science. The awards range from $500 to $2,500 with varying qualifications. A single application can be submitted for all scholarships. The application and specific scholarship criteria are available at www.inssfa.org. The Insurance Scholarship Foundation of America has two awards periods: the deadline for February awards is November 1st and the deadline for October awards is August 1st.
Johnstone Educational Foundation Scholarship: The Johnstone Educational Foundation was founded in 1984 by the American Institute of Professional Association Group Insurance Administrators (AIPAGIA). The Foundation provides annual scholarship awards of $2,500 per applicant to insurance majors based upon the following criteria: Demonstration of intent to work in the insurance industry; need for financial assistance; content of essay; strength of recommendations; and contributions to the community. Application form is available on the Foundation’s website at http://www.aipagia.com/johnstonefoundation/Jef_apply.asp. The application deadline is in February.
SUMMER SCHOLARSHIP OPPORTUNITIES
The Derek Hughes/NAPSLO Educational Foundation Scholarship: The Foundation awards approximately ten scholarships in the amount of $4,000 each. In general, students must be enrolled or accepted for enrollment in an undergraduate or postgraduate degree program, majoring in Actuarial Science, Business, Economics, Finance, Insurance, Management, Risk Management or Statistics. Majors must be related to a career in insurance. Students also must have and maintain a GPA of 3.0 or above. Financial need is considered in awarding scholarships. Previous recipients are eligible to reapply. The deadline to submit all materials is June 1. Application materials are available at www.napslo.org under the Foundation section.
Insurance Scholarship Foundation of America: The Insurance Scholarship Foundation of America has several scholarship opportunities available for students majoring or minoring in insurance, risk management, or actuarial science. The awards range from $500 to $2,500 with varying qualifications. A single application can be submitted for all scholarships. The application and specific scholarship criteria are available at www.inssfa.org. The Insurance Scholarship Foundation of America has two awards periods: the deadline for October awards is August 1st and the deadline for February awards is November 1st.
FALL SCHOLARSHIP OPPORTUNITIES
Angus Robinson, Jr. Memorial Scholarship: The Angus Robinson, Jr. Foundation was founded in 1990 by friends and associates in the insurance industry of the late Angus Robinson. Annual scholarship awards of up to $5,000 per applicant will be made to qualified RMI or Actuarial Science majors. Recipients will be selected by the Trustees of the Foundation based upon the following criteria: Demonstrated academic performance; full-time status; relative degree of financial need; content of personal statement/essay; strength of recommendations; and demonstrated commitment to the pursuit of a career in the insurance industry. More information as well as the application may be obtained from the Foundation's website at www.angusrobinsonfoundation.org/apply.html. The submission due date is December 11, 2009.
Public Risk Management Association (PRIMA) Scholarships: Established in 1978, the Public Risk Management Association is a non-profit education and training organization for public-entity risk management practitioners on the state and local levels. Through its resources and educational programs, PRIMA helps its public entity members develop effective risk management programs and is dedicated to increasing risk management professionalism in the public sector. Two scholarship programs are available, the Dr. John A. Beno Memorial Scholarship as well as a scholarship program to cover the costs of attending the Association’s annual conference. Additional information is available on the Association’s website at: http://www.primacentral.org/index.cfm.
Insurance Scholarship Foundation of America: The Insurance Scholarship Foundation of America has several scholarship opportunities available for students majoring or minoring in insurance, risk management, or actuarial science. The awards range from $500 to $2,500 with varying qualifications. A single application can be submitted for all scholarships. The application and specific scholarship criteria are available at www.inssfa.org. The Insurance Scholarship Foundation of America has two awards periods: the deadline for February awards is November 1st and the deadline for October awards is August 1st.
Scholarship & Fellowship Programs
State Farm Doctoral Dissertation Award:
Scholarships of $10,000 each are awarded to doctoral candidates majoring in a business-related field. Additional information and specific criteria are available at http://www.statefarm.com/about/part_spos/grants/doctoral.asp. The application deadline is March 31st.
National and International Scholarships & Fellowships (Honors Program): For information regarding these awards, see the University Honors Program website: http://www.fsu.edu/~honors.