NAIFA - Nebraska Foundation Scholarship Program Details

1. Scholarship funds are allocated for each Local ALU. The Foundation will provide $250 per Association ($900 for NAIFA-Lincoln  and $1,400 for NAIFA-Omaha ). Local Association's may supplement the Foundation grant with additional funding, but co-op or matching funding from the Local is not required.
2. Scholarships may be awarded to either:
   • A graduating high school senior for the Local's membership area; or
   • A college student (must have completed at least one year of college education) whose hometown is within the Local's membership area
   NOTE: There are two different application forms. You should choose which type of scholarship you intend to award and use only that application form.
   
   Worth noting in deciding the intended audience for the scholarships:

   Advertise the scholarship program to high school seniors should be relatively easy and scholarships could potentially be presented by the Association at local honors convocations in the spring. However, graduating high school seniors may not have finalized college plans or courses of study.

   Scholarships awarded to students already enrolled in college would be more likely to go to persons with confirmed courses of study. Also, there is less scholarship aid available for college students than for graduating high school seniors. However, publicizing scholarships and identifying potential applicants could be more difficult.

   Promoting scholarship availability in local media would be important. A list of area freshmen from local high schools should be available from colleges and universities.

3. Local Associations should select a Scholarship Committee and Scholarship Chairman, whose responsibilities should include:
   • choosing whether your scholarship is intended for high school seniors or for students already enrolled in college
   • promoting availability of the scholarship to area schools (a sample letter to guidance counselors, which should accompany application forms, is enclosed) or announcing scholarship in local media
   • distributing application forms to guidance counselors and/or potential applicants
   • receiving applications (by February 15)
   • selecting/nominating a scholarship recipient (by March 1)
   • notifying NAIFA-Nebraska Foundation of intended recipient to receive approval/confirmation (by March 1)
   • upon confirmation of grant by NAIFA-Nebraska Foundation, arranging for presentation of scholarship to student in a manner that realizes favorable publicity for your Association

   (suggested publicity opportunities include presentation at an honors convocation, recognition in an honors convocation program, news releases)

4. The NAIFA-Nebraska Foundation must approve the scholarship grant before it is announced or confirmed to the recipient. You will receive written confirmation by March 15, assuming all other deadlines have been met. Please submit the Scholarship Approval Request Form provided as part of this kit.

Deadlines

February 15- Student application deadline
March 1 - Selection of recipient by Local Scholarship Committee
March 1 - Notification of selection to NAIFA-Nebraska Foundation
March 15 - Verification/confirmation of scholarship grant to Local

Scholarship grants could be presented to recipients after March 15.

Scholarship Criteria - High School Seniors

Application Guidelines

Candidates must:

1. be a graduate of an accredited high school within the membership boundaries of a Local Member Association;
2. be interested in furthering their education with preference given to candidates interested in courses of study such as education, business/management/finance, marketing/sales, or actuarial studies; and preference given to those who attend a Nebraska university, college, or community college;
3. have an above-average grade point average in high school;
4. demonstrate good character, leadership, and interest in furthering their education.

Candidates must not:

1. be the child of an Insurance and Financial Advisors Association member.

Selection Guidelines:

1. Candidates shall not have to show financial need.
2. Selection shall not be based on consideration of age, sex, race, creed, or disability.
3. Selection shall be made by Local Insurance and Financial Advisors Association, subject to approval by the NAIFA-Nebraska Foundation Board of Directors. Personal interviews may be requested.
4. Scholarship funds will be disbursed to the institution, recipient must show proof of matriculation at the college or university.

Scholarship Criteria - College Students

Application Guidelines

Candidates must:

1. be a graduate of an accredited high school within the membership boundaries of a Local Member Association;
2. have completed at least one year of education with preference given to candidates interested in courses of study such as education, business/management/finance, marketing/sales, or actuarial studies; and preference given to those who attend a Nebraska university, college or community college;
3. have an above-average grade point average in high school and college;
4. demonstrate good character, leadership, and interest in furthering their education.

Candidates must not:

1. be the child of an Insurance and Financial Advisors Association member.

Selection Guidelines:

1. Candidates shall not have to show financial need.
2. Selection shall not be based on consideration of age, sex, race, creed, or disability.
3. Selection shall be made by Local Insurance and Financial Advisors Association, subject to approval by the NAIFA-Nebraska Foundation Board of Directors. Personal interviews may be requested.
4. Scholarship funds will be disbursed to the institution, recipient must show proof of enrollment at the college or university.