Paul S. Mills Scholarships

Program Description

Eligibility Criteria

The Paul S. Mills Scholarship program offers scholarships to students pursuing a degree in a financial service related field. This may include finance, accounting, insurance or risk management, actuarial sciences, and personal financial planning.

Who is eligible to apply?

Applicants for Paul S. Mills Scholarships must:

Be a United States citizen or legal resident living in one of the 50 U.S. states, the District of Columbia, or U.S. Territories.
Be a full or part-time student enrolled in a college or university program in the U.S. who has completed the equivalent of one year of credits toward an undergraduate degree or is pursuing a masters or PhD level degree.
Be pursuing a course of study in a financial service field.
Demonstrate financial need by submitting the FAFSA (Free Application for Federal Student Aid) Student Aid Report (SAR).

Employees of NAIFA, their respective affiliates and subsidiaries, and any such employee’s immediate family members (spouse, parent, child, sibling and their respective spouses) and those living in their same households, whether or not related, are not eligible to enter or win a scholarship.

What will be awarded?

Twelve (12) students each will receive a scholarship of $1,000. Scholarship checks will be made payable to the school selected by the student and will be mailed to the recipient.

How do I apply?

To apply you must complete an application and write a short essay (500 words) describing why you wish to pursue an education in the financial service field and why the scholarship is important to you. You must also submit a FAFSA Student Aid Report so that financial need can be evaluated.

Applications must be submitted online here during the filing period. As part of the application process, applicants must agree to a brief phone interview by a member of NAIFA’s judging panel.

When is the application filing period?

Applications will be available annually as of February 1 and can be submitted between February 1 and 11:59 pm ET on March 31.

How will I be notified?

All applicants will be notified of their status via e-mail no later than June 30. Be sure the e-mail address on your application in active and that you check it routinely.

When will scholarships be paid?

Scholarships will be paid on or about July 1. As noted above, scholarship checks will be made payable to the designated college or university and will be mailed to the recipient. Please make sure to use a current address and email address on your application.