The Department of Risk Management & Insurance has long been committed to supporting our RMI and Actuarial Science majors and pre-majors with plentiful and generous Merit-Based Scholarship opportunities each year. We are especially pleased to announce that beginning Fall 2021, RMI will be supplementing its traditional Merit-Based Scholarship Program with a NEW Enrollment-Based Scholarship Program to provide financial support to a broader array of RMI majors and pre-majors meeting basic eligibility criteria. Here’s how our two scholarship programs work:
Who is eligible?
Everyone meeting the following criteria will receive this scholarship. You must be:
- Enrolled as a sophomore or junior BBA RMI pre-major or major
- An active member of Gamma Iota Sigma Zeta Chapter
- Making appropriate and continuous progress1 in the BBA RMI degree
How much do I receive?
Eligible students receive the following scholarship amounts2:
- $2,000/year ($1,000/semester Fall and Spring) for Pell-eligible students
- $500/year ($250/semester Fall and Spring) for non-Pell-eligible students
What do I need to do?
To receive the enrollment based scholarship, eligible students must:
- Complete the Enrollment-Based Scholarship Application
- Meet the deadline: Applications must be completed each semester within one month of the first day of class (September 13, 2021 for the Fall 2021 and January 31, 2022 for the Spring 2022)
- You can apply for the BBA RMI Scholarship here
Each year, the RMI Department awards dozens of merit-based scholarships collectively worth hundreds of thousands of dollars to undergraduate RMI and Actuarial Science majors and pre-majors.
To review the list of our merit-based scholarships click here.
Applications for these merit-based scholarships are posted here at the beginning of the Spring semester every year.
Students should complete the Merit-Based Scholarship Application and submit the form online. Students who have not previously received a scholarship from the department should provide information and materials as an attachment in PDF format. You only need to submit one application to be considered for all merit-based scholarships offered by the Department of Risk Management & Insurance. New scholarship applicants are required to provide official SAT, GMAT, or other comparable test scores, as well as a 200 to 300 word essay.
Current students who previously received a merit-based scholarship from the department and wish to continue that award in the upcoming year should complete the Merit-Based Scholarship Application. Any renewals to previous recipients are made in the spring for the upcoming academic year and are contingent upon satisfactory academic performance and timely progress towards the degree. The Department requires a 200 to 300 word essay for renewals.
Timing of Disbursements
The scholarship committee meets each spring to award scholarships for the upcoming academic year. Of the total scholarship amount awarded to a student, one half will be paid in fall semester of the upcoming academic year, and the second half will be paid in spring semester of the upcoming academic year.
1 Active membership determined by GIS program advisor. Progress determined by the BBA RMI program director or RCB advising. Students may not receive the scholarship for more than two years.
2 Students offered RMI Merit-Based Scholarships of greater value than the Enrollment-Based Scholarship will only be awarded the higher value Merit-Based Scholarship (i.e., not both).
For questions regarding scholarships or the scholarship application please email email@example.com