Main header image
MGIC Scholarship Program
Deadline to apply: May 24, 2024 3:00 pm Central Time

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 and other education support programs for corporations, foundations, associations, and individuals. Eligibility for individual programs is determined at the sole discretion of the sponsor, and eligible applications are reviewed by Scholarship America’s evaluation team.

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.

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 selected from eligible children of employees that work in a field office location.

Awards are one-time only and not renewable. Past recipients may not reapply.

Awards are for undergraduate study only.


Applicants will be notified in July. 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
  • Demonstrated leadership and participation in school and community activities
  • Work experience
  • Statement of career and educational goals and objectives
  • 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.

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.

    NOTE: If you are providing SAT or ACT test scores, and those scores are not listed on your high school transcript, you will need to upload a copy of your test score report(s) separately. If you are uploading a college transcript, those scores are not required.

One online recommendation form must be submitted on your behalf no later than May 29, 2024 3:00 pm Central Time. 

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

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

Please make sure to add as well as the program email address provided below in the footer as safe senders in your email contact list.