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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 for each scholarship are available from the RMI Departmental Office, Rm. 313, in the College of Business.
The departmental scholarship application is now available. By completing the application, you will be considered for all scholarships for which you meet the eligibility requirements. Applications must be returned to the Department Office (RBA 313) by Thursday, March 6, 2008, and awards will be announced during the Spring banquet.
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.
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.
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.
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. Recipient(s) are selected by the RMI faculty.
Risk & Insurance Management Society (RIMS)--Florida North Central Chapter: Established in 1997 by the Florida North Central Chapter of RIMS. Scholarships are awarded in the amount of $1,000 for the academic year. Preference will be given to students from the Central Florida area. Other criteria are financial need and academic performance. RMI faculty will select the most qualified candidates. Applications will be forwarded to RIMS for review and final selection of recipient(s). Deadline to be announced.
Sedgwick/Scott Hiironen Memorial Scholarship: The Sedgwick/Scott Hiironen Memorial Scholarship was established in 1994 by Sedgwick James of Florida, Inc.-Orlando, to honor a colleague who pursued his academic studies and insurance career with enthusiasm, dedication, and a commitment to excellence. Scott was a 1992 RMI graduate of FSU. One scholarship is awarded annually, in the amount of $1,000. Selection criteria are: RMI major; 2.8+ GPA; full-time student; special consideration to returning students. RMI faculty select the three most qualified candidates. Applications will be reviewed by Sedgwick, who will make the final selection.
Florida Association of Independent Insurance Adjusters Scholarship: Established in 1997 by the Florida Association of Independent Insurance Adjusters. One $500 scholarship will be awarded annually. Candidate must be an RMI major entering his/her senior year and have at least a 3.0 GPA. The three most qualified candidates will be selected by nomination of the RMI faculty. Final selection will be made by the Board of Directors of the Association.
NOTE: The following scholarships are awarded by organizations outside the RMI Department. Deadlines and application procedures are unique to each scholarship. While some applications may only be received from the sponsoring organization, most are available by contacting the RMI Departmental Office--Room 313 RBA or through the following links.
Spring 2008 Scholarship Applications
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: January 31, 2008.
Independent Insurance Agents of Tallahassee Scholarship: IIA of Tallahassee awards a $1,250 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. Application forms are available online prior to the February submission due date.
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 $5,000 with varying qualifications. A single application can be submitted for all scholarships. The application and specific scholarship criteria are available at www.inssfa.org. Applications must be returned to Insurance Scholarship Foundation of America by February 15 of each year.
Summer 2008 Scholarship Applications
The Derek Hughes/NAPSLO Educational Foundation Scholarship: The Foundation awards approximately ten scholarships in the amount of $4000 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 also available at www.napslo.org under the Foundation section.
Fall 2008 Scholarship Applications
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 $3,000 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. Application forms are available online prior to the December submission due date.
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, including the Dr. John A. Beno Memorial Scholarship Program. Application forms may be obtained from the RMI Departmental Office (313 RBA).
Scholarship & Fellowship Programs
State Farm Exceptional Student Fellowships: Fifty scholarships of $3,000 each are awarded to students enrolled as full-time students, majoring in a business-related field. A minimum 3.6 GPA is required, with demonstrated leadership in extracurricular activities. Applications are available in Rm. 313 RBA. The application deadline is February, for the ensuing academic year.
National and International Scholarships & Fellowships (Honors Program): For information regarding these awards, see the University Honors Program web-site: http://www.fsu.edu/~honors.