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MGIC Scholarship Program
Deadline to apply: March 3, 2020 3:00 pm CT

Mortgage Guaranty Insurance Corporation has established a scholarship program to assist children of MGIC co-workers who plan to continue their education in college or vocational school programs. Scholarships are offered each year for full-time study at an accredited institution of the student’s choice.

This program is administered by Scholarship America®, the nation’s largest designer and manager of scholarship, tuition assistance and other education support programs for corporations, foundations, associations, and individuals. Awards are granted without regard to race, color, creed, religion, sexual orientation, age, gender, disability, or national origin.

Applicants to the MGIC Scholarship Program must be:

 

  • Dependent* children, age 24 and under, of regular full-time and part-time employees of Mortgage Guaranty Insurance Corporation or its subsidiaries.

 

  • High school seniors or graduates who plan to enroll or students who are already enrolled in a full-time undergraduate course of study at an accredited two-year or four-year college, university, or vocational-technical school for the entire upcoming academic year.

*Dependent children are defined as natural and legally adopted children or stepchildren living in the employee’s household or primarily supported by the employee.

 

Children of MGIC officers and members of the MGIC Board of Directors are not eligible.

Students who have received scholarship awards from other sources which completely cover the cost of their education expenses (tuition, books, room and board) are not eligible.

Past recipients of the MGIC Scholarship and recipients of the Curt and Sue Culver Foundation, Inc. Scholarship are not eligible.

 

 

Up to four (4) awards of $2,500 each will be granted.

Provided that there are qualified applicants, a minimum of one (1) recipient will be seleced from eligible children of employees that work in a field office location.

Awards are one-time only and not renewable.

Awards are for undergraduate study only.

Notification

Applicants will be notified by late-April. Not all applicants to the program will be selected as recipients.

Payment of Scholarships

Payments are made in one installment early-August.

Scholarship America processes scholarship payments on behalf of Mortgage Guaranty Insurance Corporation.

Scholarship recipients are selected on the basis of:

  • Academic performance and future potential
  • Demonstrated leadership and participation in school and community activities
  • Work experience
  • Statement of career and educational goals and objectives
  • Unusual personal or family circumstances
  • An online recommendation

Financial need will not be considered.

Selection of recipients is made by Scholarship America. In no instance does any officer or employee of Mortgage Guaranty Insurance Corporation play a part in the selection. All applicants agree to accept the decision as final.

Revisions
Mortgage Guaranty Insurance Corporation reserves the right to review the conditions and procedures of this scholarship program and to make changes at any time including termination of the program.

 

As part of your application, you must upload the following:

  • A current, complete transcript of grades. Grade reports are not accepted. Transcripts must display the student name, school name, grades and credit hours for each course, as well as the term in which each course was taken.

Also as part of your application, one online recommendation form must be submitted on your behalf.

Your application is not complete unless all required documents are submitted electronically.

Questions? Contact us:

Email: mgic@scholarshipamerica.org
Phone: 507-931-1682 and ask for the MGIC Scholarship Program

Questions regarding the scholarship program should be addressed to:

MGIC Scholarship Program
Scholarship America
One Scholarship Way
Saint Peter, MN 56082

Mortgage Guaranty Insurance Corporation has partnered with Scholarship America. Selecting the button below will redirect you the Scholarship America Student Hub!