MGIC Scholarship Program
Mortgage Guaranty Insurance Corporation has established a scholarship program to assist children of MGIC co-workers who plan to continue their education in college or vocational school programs. Scholarships are offered each year for full-time study at an accredited institution of the student’s choice.
MGIC Scholarship Program
The program is administered by Scholarship America®, the nation’s largest designer and manager of scholarships and other education support programs for corporations, foundations, associations, and individuals. Eligibility for individual programs is determined at the sole discretion of the sponsor and eligible applications are reviewed by Scholarship America’s evaluation team.
Eligibility
Applicants to the MGIC Scholarship Program must be:
- Dependent* children, age 24 and under, of regular full-time and part-time employees of Mortgage Guaranty Insurance Corporation or its subsidiaries.
- High school seniors or graduates who plan to enroll or students who are already enrolled in a full-time undergraduate course of study at an accredited two-year or four-year college, university, or vocational-technical school for the entire upcoming academic year.
*Dependent children are defined as natural and legally adopted children or stepchildren living in the employee’s household or primarily supported by the employee.
Children of MGIC officers and members of the MGIC Board of Directors are not eligible.
Students who have received scholarship awards from other sources which completely cover the cost of their education expenses (tuition, books, room and board) are not eligible.
Awards
Up to four (4) awards of $2,500 each will be granted.
Provided that there are qualified applicants, a minimum of one (1) recipient will be selected from eligible children of employees that work in a field office location.
Awards are one-time only and not renewable. Past recipients may not reapply.
Awards are for undergraduate study only.
Notification
Applicants will be notified in late July or early August. Not all applicants to the program will be selected as recipients.
Notifications are sent via email. When setting up your account, avoid using a school or work email. Instead, use an active, personal email address that you will continue to have access to.
Please make sure to add studentsupport@scholarshipamerica.org as well as the program email address as safe senders in your email contact list.
Payment of Scholarships
Payment is made in one installment late August.
Scholarship America processes scholarship payments on behalf of Mortgage Guaranty Insurance Corporation.
Scholarship recipients are selected on the basis of:
- Academic performance
- Demonstrated leadership and participation in school and community activities
- Work experience
- Statement of career and educational goals and objectives
- An online recommendation
Financial need will not be considered.
Selection of recipients is made by Scholarship America. In no instance does any officer or employee of Mortgage Guaranty Insurance Corporation play a part in the selection. All applicants agree to accept the decision as final.
Revisions
Mortgage Guaranty Insurance Corporation reserves the right to review the conditions and procedures of this scholarship program and to make changes at any time including termination of the program.
Requirements
As part of your application, you must upload the following:
- A current, complete transcript of grades. Grade reports are not accepted. Transcripts must display:
- Student name
- School name
- Grades
- Credit hours for each course and term in which each course was taken.
NOTE: If you are providing SAT or ACT test scores, and those scores are not listed on your high school transcript, you will need to upload a copy of your test score report(s) separately. If you are uploading a college transcript, those scores are not required.
One online recommendation form must be submitted on your behalf no later than June 23, 2026 at 3:00 PM Central Time.
Your application is not complete unless all required documents are submitted electronically.
