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College of Business
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Student Scholarshps and Awards

The Katie School of Insurance and Risk Management awards over 50 scholarships and sponsorships annually to students who are interested in pursuing careers related to Risk Management and Insurance. The award amounts typically range from $1,000 to $10,000. Students from any discipline are welcome to apply.  There is one application portal to apply for all scholarships and sponsorships. The selection committee will review submissions and select recipients based on information collected in the application process and/or individual scholarship criteria.

Application criteria includes:

Leadership Roles

  • Leadership in Gamma Iota Sigma
  • Leadership in other Illinois State University Registered Student Organizations
  • Leadership roles in organizations external to llinois State University 

Event Attendance

  • Gamma Iota Sigma events, including participation in speaker events
  • Points earned in the RMI Badge Program Insurance Risk Acumen Development

Co-Curricular Participation and Coursework

  • Participation in insurance university competitions
  • Participation in insurance industry conferences and events
  • Participation in Innovation Consulting Community research projects related to RMI
  • Internships or work experience in Insurance
  • Course work in Risk Management and Insurance or Actuarial Science
  • Overall GPA
  • Successful completion of professional exams in Insurance or Actuarial Science

Community Service and Engagement

For access to the online application linked below, you must use your Illinois State University account

Application Requirements:

  1. Completed online application form which includes an ethics pledge and a release of judicial records
  2. Current resume
  3. A written personal statement demonstrating your interest in pursuing a career in risk management and insurance and its relationship to your leadership roles, event attendance, co-curricular activities, coursework, and/or community service and engagement.  Personal statements should be limited to 300 words.

The application will be open from Monday, December 8, 2025 through Friday, January 23, 2026

Students may be required to participate in an interview with the selection committee. Business casual dress is encouraged. Assistance is available if you need help obtaining the proper attire. Interviews will take place in early February and selection will be made the first week of March.

If selected, you will be notified through your Illinois State University email. Award recipients will be required to send written thank you notes to donors under the direction of faculty. A scholarship recognition ceremony with all award winners, along with donors and parents, will take place on Tuesday, April 7, 2026, in the Bone Student Center. Selected winners will receive more information regarding the award and the awards ceremony at the beginning of March.

Process

  1. Students complete the online application by Friday, January 23, 2026.
  2. Committee screens applications in late January.
  3. If selected, students interview with the committee in early February.
  4. Award winners are notified through Illinois State University email by Friday, March 5, 2026.
  5. Award banquet held on Tuesday, April 7, 2026.