2024 NextGen Scholarship

The Institutes CPCU Society is proud to support students, and future industry talent, through the NextGen Scholarship. The scholarship is available to help you lessen the financial burden in your academic pursuits.
Twenty-five scholarships, in the amount of $5,000 each, will be awarded to selected students. Applications for 2024 are closed.

To qualify for a scholarship, you must:

  • Be a full-time, undergraduate student attending a US institution
  • Be majoring in risk management, actuarial science, finance, business, information systems and/or have a strong desire to join the risk and insurance industry upon graduation
  • Have a cumulative grade point average of 3.0 or higher
  • Not be a previous recipient of a NextGen Scholarship
  • Submit application before deadline date (November 6)

Required Materials:

  • Complete Application 
  • College Transcript (unofficial copy accepted)
  • Letter(s) of Recommendation (1 letter from a professor required, additional letters will be accepted)
  • Personal Statement (750 words or less)*
*Please answer the following personal statement prompt: The risk and insurance industry benefits individuals and society in more ways than people realize. Discuss an industry or societal need that you hope to address in your career.

Note: If you are selected as a scholarship recipient, the funds are sent directly to the college or university and can be applied to any outstanding educational expenses including items such as tuition, books, and other fees.