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Olivet College and Michigan Future Foundation to launch scholarship competition
Feb 21, 2013

Olivet College, in partnership with the Michigan Future Foundation, has announced a new scholarship opportunity for its insurance, risk management and financial planning majors. The competition will officially launch Wednesday, Feb. 27 during the Michigan Association of Independent Agents (MAIA) Convention at Soaring Eagle Casino and Resort in Mt. Pleasant. It is open to any high school student or new transfer student who is maintaining a 3.00 grade point average or better and who also has an immediate family member (defined as spouse, parent, child, brother or sister, spouse’s parent, child, brother or sister, grandparent and grandchild) working at a MAIA-member insurance agency. The Michigan Future Foundation is a nonprofit foundation established by MAIA.

“The MAIA has always been a great supporter of the Risk Management and Insurance Center (RMIC) at Olivet College,” said Carol Breed, J.D., director of the RMIC and professor of business and insurance. “Students have benefited from tens of thousands of dollars in scholarships, have truly enjoyed the educational and networking opportunities of their convention, and have learned so much from agency internships. The result of this support has been many alums who are now successful MAIA-member agents. I am very excited about strengthening our partnership with the MAIA-members’ sons’ and daughters’ scholarship.”

To qualify, students must apply to Olivet College and plan to declare one of the three RMIC-majors. Participants will then submit an essay to be reviewed by three members of the Olivet College Insurance Advisory Board and Michigan Future Foundation board members. The field will be narrowed down to no more than 10 students who will be invited to participate in an on-campus interview process.

The student with the winning essay and interview will receive a $5,000 scholarship; the first and second runners-up will each receive a $2,500 scholarship. These scholarships will be renewable up to four years if the student maintains at least a 3.00 grade point average and a RMIC-related major.

Essays are due to the Office of Admissions March 20, and will be judged by March 22. On-campus interviews will be scheduled between March 25 and April 5. A final decision will be made April 7 and winners will be notified. Scholarships will be awarded April 17 at the college’s Honors Convocation.

For more detailed information or qualifications, contact Richard Lehman, risk management and insurance recruitment specialist, at (269) 749-7751 or

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