Foresters Financial Unveils 2025 Competitive Scholarship Opportunities
Number of scholarships across the US and Canada increases to 400
Foresters Financial™, a leading global life insurer committed to empowering its members, has announced the launch of its Competitive Scholarship program for the upcoming academic year. This initiative continues to support members and their families by providing financial assistance for educational pursuits.
For the 2025 academic year, the number of scholarship awards will rise to 400, reflecting an increase from 355 in the previous year. This expansion is made possible by adjusting the annual scholarship amount to $2,000 in local currency. The program aims to ensure that both new and returning applicants can take advantage of this opportunity to further their academic goals.
Since the inception of the Competitive Scholarship program in 2012, Foresters Financial has proudly awarded over 9,900 tuition scholarships worldwide, totaling more than US$19.7 million invested in education.
Eligibility and Application Process
To qualify for the scholarship, applicants must be 24 years old or younger and either a current member of Foresters or have a parent, legal guardian, grandparent, or spouse who is a member. New applicants are required to maintain a minimum GPA of 3.2 (or an average of 80%), contribute 50 volunteer hours within the two years leading up to the application deadline, and enroll in a minimum two-year, full-time undergraduate program at a recognized institution.
For returning candidates, eligibility includes maintaining a GPA of at least 3.0 (or an average of 75%), completing 15 volunteer hours in the year prior to application, and remaining enrolled in full-time studies during the academic year they are reapplying. Meeting the eligibility requirements does not guarantee a scholarship award, and interested individuals are encouraged to visit Foresters.com for detailed information.
Commitment to Education and Community
Matt Berman, President and CEO of Foresters Financial, expressed the organization's commitment to education, stating, "At Foresters, we believe that education is the most powerful catalyst of a better future—not just for individuals but also for entire communities." The Competitive Scholarship program exemplifies Foresters’ dedication to helping its members and their families achieve their educational dreams and make a meaningful impact.
The selection process for the scholarships is conducted impartially by International Scholarship and Tuition Services, Inc. (ISTS), which establishes a Selection Committee made up of university and college representatives. Evaluation criteria include community service, academic performance, and an essay, with each component weighted at 50%, 25%, and 25%, respectively.
Application and Notification Timeline
Interested applicants can apply through the ISTS online portal, which provides a user-friendly checklist and access to live chat support for guidance during the application process. Notifications regarding award status will be communicated by mid-June for the year of application. If selected, recipients are required to accept or decline the scholarship based on the indicated deadlines. Failure to respond in time may result in forfeiting the award, with funds scheduled for issuance by August 31 of the eligibility year.
About Foresters Financial
For over 150 years, Foresters Financial has focused on securing financial futures for families. The organization goes beyond traditional services, empowering members to enhance their well-being, support their communities, and champion meaningful causes. Foresters offers life insurance options in the US and Canada and savings solutions in the UK. Sustainability and social responsibility are pivotal to its mission, driving initiatives like the Competitive Scholarships to cultivate future leaders.
As a fraternal benefit society, Foresters Financial is recognized for its efforts in building strong communities. Over the years, it has maintained a strong financial rating, showcasing its capability to meet its obligations to policyholders effectively. Together with its members, Foresters is dedicated to making a positive difference and inspiring future generations to give back to the community.
Frequently Asked Questions
What is the purpose of the Competitive Scholarship?
The Competitive Scholarship aims to support academic goals and encourage community engagement among Foresters Financial members and their families.
How many scholarships are available for the 2025 academic year?
Foresters Financial will offer 400 scholarships, an increase from the previous year.
What are the eligibility requirements for applicants?
Applicants must be 24 years of age or younger, a member or have a family member who is a member, and meet specific GPA and volunteer requirements depending on whether they are new or returning candidates.
When can students apply for the scholarships?
Applications are open now and will close on April 30 of the academic year.
What happens if I am selected for a scholarship?
If selected, recipients will be notified and must accept or decline the scholarship by the provided deadline to secure their eligibility.
