Eligibility
Applicants to the Northwestern Mutual Financial Network Diversity Scholarship must be:
- U.S. Citizens
- Members of one of the following ethnic minorities:
- - Asian (Oriental or Indian),
- - Black/African American,
- - Hispanic/Latino, or
- - Native American
- Students currently in their second (sophomore) or third (junior) year of college attending full-time for the entire upcoming academic year and majoring within the School of Business at the following accredited institutions:
- - University of Houston, Texas
- - Baylor University, Texas
- Maintaining a minimum 2.5 grade point average on a 4.0 scale.
Awards
Awards are for a full-year scholarship. One scholarship in the amount of $5,000 will be awarded to each school.
Awards are for undergraduate study only and are not renewable, but students may reapply to the program each year they meet eligibility requirements.
Scholarship recipients will not be offered paid internships or employment with Northwestern Mutual or Northwestern Mutual Financial Network local offices during the scholarship period.
Employees of Northwestern Mutual, Northwestern Mutual Financial Network and Northwestern Mutual Financial Network contracted financial representatives; Scholarship America, their subsidiaries, affiliates, advertising and promotion agencies as well as immediate family (spouses, parents, children or siblings and their spouses) and persons living in the same household who are employed by either company at the time of application are not eligible to receive a scholarship.
Application
Interested students must complete the application and mail it along with a current, complete transcript of grades to Scholarship Management Services postmarked no later than April 15, 2012. Grade reports are not acceptable. Unofficial transcripts must display student name, school name, grade and credit hours earned for each course, and term in which each course was taken. Applicants will receive acknowledgment of receipt of their application. If an acknowledgment card is not received within three weeks, applicants may call Scholarship Management Services to verify that the application has been received.
Applicants are responsible for gathering and submitting all necessary information. Applications are evaluated on the information supplied; therefore, answer all questions as completely as possible. Incomplete applications will not be evaluated. All information received is considered confidential and is reviewed only by the local Northwestern Mutual Network Office Scholarship Committee and Scholarship Management Services. In the instance you are not a finalist for the scholarship, you may be considered for a position as a Northwestern Mutual Financial Representative Intern, and contacted by a recruiter.
Selection of Finalists and Recipients
Scholarship Management Services selects scholarship finalists on the basis of academic record, demonstrated leadership and participation in school and community activities, honors, work experience, statements of goals and aspirations, after graduation goals, unusual personal or family circumstances, and an outside appraisal. Special consideration will be given to the applicant's demonstrated performance within the School of Business.
Selection of scholarship recipients is made by the local Northwestern Mutual Financial Network Office Scholarship Committee. All applicants agree to accept the decision of the Network Office Scholarship Committee and Scholarship Management Services as final.
Applicants will be notified by June. Not all applicants to the program will be selected as recipients. Students may reapply to the program each year they meet eligibility requirements.
Payment of Scholarships
Scholarship Management Services processes scholarship payments on behalf of Northwestern Mutual Foundation and the Northwestern Mutual Financial Network. Payments are made in two installments on August 15 and December 30. Checks are mailed to each recipient's home address and are made payable to the school for the student.
Obligations
Recipients have no obligation to Northwestern Mutual Foundation and the Northwestern Mutual Financial Network. They are, however, required to notify Scholarship Management Services of any changes in address, school enrollment, or other relevant information and to send a complete transcript when requested.
Revisions
Northwestern Mutual Foundation and the Northwestern Mutual Financial Network reserve the right to review the conditions and procedures of this scholarship program and to make changes at any time including termination of the program.
Questions? Contact us!
Email: ameeks@scholarshipamerica.org
Phone: 1.507.931.1682 and ask for the Northwestern Mutual Financial Network Diversity Scholarship
Northwestern Mutual Financial Network Diversity Scholarship
Scholarship Management Services
One Scholarship Way
Saint Peter, MN 56082
Postmark deadline: April 15, 2012