SPRINGFIELD, Mass., Jan. 16, 2014 /PRNewswire/ -- For the sixth straight year, Massachusetts Mutual Life Insurance Company (MassMutual) will offer $150,000 in scholarships to high-achieving college students across the country. The company plans to give thirty scholarships to hard-working students who have an interest in pursuing careers in the insurance and financial services industries.
"Through the MassMutual Scholars Program, we are able to provide financial support to talented students working toward college degrees across the country," said Nick Fyntrilakis, MassMutual, Vice President, Community Responsibility. "We are proud to help these individuals, particularly those who may face challenges that threaten their ability to complete their higher-educational studies. At the same time, the program reinforces our commitment to building a diverse workforce and serving diverse communities."
The scholarship program is open to students of all majors. Applicants must attend an accredited college or university in pursuit of an undergraduate degree, demonstrate financial need, and meet certain academic requirements, such as minimum cumulative grade point average of 3.0 on a 4.0 scale.
One of last year's recipients, Christopher Parkhurst, a former U.S. Air Force team leader and now a student at California State University, Sacramento, was selected for a second year to receive the award. He now is poised to become the first member of his family to earn a college degree, something his Great Grandma Cardoza would be proud to see. "She would say that our family came to this country so that we would have greater opportunities," he said. "Even though it took me longer before I went to college than she would have wanted, I'm proud to be the first one from my family to do it."
The application deadline for this year's awards is May 2, 2014.
To be eligible, applicants must:
- be entering sophomore, junior, senior, or 5th-year senior year in pursuit of an undergraduate degree at an accredited college or university.
- plan to attend a degree-seeking program, full-time, at a U.S. accredited institution in the U.S., Puerto Rico, U.S. Virgin Islands or Guam during the 2014-2015 academic year.
- have a minimum cumulative grade point average (GPA) of 3.0 on a 4.0 scale.
- complete and submit for federal financial aid by completing the Free Application for Federal Student Aid (FAFSA) at www.fafsa.ed.gov.
- show proof of U.S. citizenship of legal permanent residency with a permanent resident card or passport stamped I-551 (not expired).
For more information on how to apply or to obtain an application, visit http://www.act.org/massmutual/.
Founded in 1851, MassMutual is a leading mutual life insurance company that is run for the benefit of its members and participating policyholders. The company has a long history of financial strength and strong performance, and although dividends are not guaranteed, MassMutual has paid dividends to eligible participating policyholders every year since the 1860s. With whole life insurance as its foundation, MassMutual provides products to help meet the financial needs of clients, such as life insurance, disability income insurance, long term care insurance, retirement/401(k) plan services, and annuities. In addition, the company's strong and growing network of financial professionals helps clients make good financial decisions for the long-term.
MassMutual Financial Group is a marketing name for Massachusetts Mutual Life Insurance Company (MassMutual) and its affiliated companies and sales representatives. MassMutual is headquartered in Springfield, Massachusetts and its major affiliates include: Babson Capital Management LLC; Baring Asset Management Limited; Cornerstone Real Estate Advisers LLC; The First Mercantile Trust Company; MassMutual International LLC; MML Investors Services, LLC, Member FINRA and SIPC; OppenheimerFunds, Inc.; and The MassMutual Trust Company, FSB.
CONTACT: Karen Lavariere-Sanchez