Pacific Life Insurance Company has established a scholarship program to assist employees’ children who plan to continue education in college. Renewable scholarships are offered each year for full-time study at an accredited institution of the student’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. Eligibility for individual programs is determined at the sole discretion of the sponsor, and eligible applications are reviewed by Scholarship America’s evaluation team. Awards for this scholarship are granted to eligible recipients without regard to creed, religion, sexual orientation, disability, or national origin.
Applicants to the Pacific Life Scholarship Program for Children of Employees must be:
Scholarship recipients are selected on the basis of academic record, demonstrated leadership and participation in school and community activities, work experience, a statement of goals and aspirations, unusual personal or family circumstances, and an online recommendation.
Once recipients are selected, financial need is assessed to determine the amount of each award. Recipients whose parents choose not to supply the requested financial information will be eligible to receive a one-time $1,000 honorarium. Only one honorarium will be awarded each year.
Selection of recipients is made by Scholarship America. In no instance does any officer or employee of Pacific Life Insurance Company play a part in the selection. Not all applicants to the program will be selected as recipients. All applicants agree to accept the decision as final.
All applicants will be notified in May.
Scholarship America processes scholarship payments on behalf of Pacific Life Insurance Company. Payment is made in early August.
For four-year college students, financial need will be considered in determining the size of the award; however, qualified students demonstrating no financial need may be eligible for a one-time $1,000 honorarium. Students who elect not to complete the Financial section of the application will also be eligible only for a one-time $1,000 honorarium. Only one honorarium can be awarded each year.
Four-year college awards will range from $1,000 to $3,000. Up to four awards may be given annually.
Two-year college students must demonstrate at least $200 in need.
One two-year college award of $500 may be granted annually. There will be only one active $500 award at a time.
Awards are renewable up to three years or until a bachelor’s degree is earned, whichever occurs first. Renewal is contingent upon satisfactory academic performance in a full-time course of study and continued parental employment. Two-year college students may transfer to a four-year college, and the award may be increased after review of financial information, with approval of the sponsor.
Honorariums are not renewable. Students who receive an honorarium may not reapply.
Awards are for undergraduate study only.
As part of your application, you must upload the following:
One online recommendation form must be submitted on your behalf no later than March 18, 2022 3:00 pm CT.
Your application is not complete unless all required materials are submitted electronically.