The Northwestern Mutual Foundation (Foundation) offers a scholarship program to assist Northwestern Mutual employees’ children who plan to pursue postsecondary education in college and vocational programs. Renewable scholarships are awarded each year for full-time study at any accredited postsecondary institution of the recipient’s choice.
The 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.
*Dependent is defined as natural and legally adopted children or stepchildren living in the employee’s household or primarily supported by the employee.
All applicants will be notified in April. Not all applicants to the program will be selected as recipients. Students may reapply to the program each year they meet eligibility requirements.
Scholarship America processes scholarship payments on behalf of Northwestern Mutual. Payments are made in equal installments in early August and late December.
Financial need as calculated by Scholarship America must be demonstrated for the student to receive an award.
Scholarship recipients will be selected in direct proportion to the number of applications received (up to 25% of the total number – the maximum amount allowed by IRS regulations). All employee levels will be represented. Once recipients are selected, financial need is assessed to determine the amount of each award. Recipients who do not demonstrate financial need or whose parents choose not to supply the requested financial information may be eligible to receive an honorarium at the minimum award amount of $2,000.
Selection of recipients is made by Scholarship America. In no instance does any officer or employee of Northwestern Mutual play a part in the selection. All applicants agree to accept the decision as final.
Also as part of your application, one online recommendation must be completed on your behalf by 3:00 p.m. CT on February 5, 2020.
Your application is not complete unless all required documents are submitted electronically.