Surety and Fidelity Industry Scholarship Program for Minority Students
Established in 2003, the Surety and Fidelity Industry Scholarship Program provides awards of up to $2,500 to
outstanding minority students to support their studies in the areas of
insurance/risk management, accounting, or business/finance and to encourage
their consideration of the surety and fidelity industry and surety and fidelity underwriting as a career
choice. This program is administered by
The Surety Foundation, the educational
arm of The Surety & Fidelity Association of America (SFAA).
FAQs
(Frequently Asked Questions)
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Q:
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What
are the eligibility requirements?
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A:
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To be eligible for the scholarship program, a student must be:
- A declared insurance/risk management, accounting or business/finance
major with an overall and major grade point average (GPA) of at least
3.0 on a four-point scale.
- A minority student who has satisfactorily completed at least 30
semester hours, equivalent college work including at least 6 semester
hours in his/her declared major.
- Enrolled as a full-time undergraduate student (a minimum of 12
semester hours or equivalent) at an accredited four-year institution
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Q:
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What
is the deadline for the scholarship program?
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A:
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New application forms are available beginning March 1 for the academic
year beginning September of that year and all application materials must be received by April 30.
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Q:
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What
materials are required for the scholarship program?
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A:
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Applicants must complete a Surety and Fidelity Industry Scholarship Program for Minority Students
application and Financial Aid Worksheet, which is included with the
application form. Also, applicants must submit an official academic
transcript which must contain their fall semester grades for the academic
year in progress. In addition, applicants must submit letters of
recommendation from a faculty member and from a professional or personal
reference outside of the educational institution, and complete the essay
requirements as outlined in the application form.
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Q:
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What
schools are eligible?
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A:
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All regionally- or nationally-accredited four-year institutions.
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Q:
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Are
you still eligible if you are transferring from a 2-year school to a
4-year school?
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A:
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Yes, but you must include a copy of an acceptance letter to a four-year school
and the financial aid officer at the school you will be attending must
complete the Financial Aid Worksheet.
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Q:
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Are
part-time students eligible?
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A:
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No, you must be a full
time student.
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Q:
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Under
the Surety and Fidelity Industry Scholarship Program, who are considered minorities?
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A:
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For the purpose of this
program, SFAA defines minority students as those of Black, Native
American/Alaskan Native, Asian/Pacific Islander, or of Hispanic ethnic
origin. All applicants must be U.S. citizens.
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Q:
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How
can I obtain more information on the Surety and Fidelity Industry Scholarship Program?
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A:
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You can download a PDF version of the application form by clicking
here.
To view and print PDF documents, you must use Adobe Acrobat Reader. To
download a free copy of the Adobe Acrobat Reader software, go
to the Adobe website. Be sure to bookmark this page for an easy
return. Or contact: The
Surety and Fidelity Industry Scholarship Program for Minority Students, The Surety
Foundation, 1101 Connecticut Avenue, NW, Suite 800,
Washington, DC 20036, (202) 778-3638.
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