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Financial Planning > College Planning

MassMutual Announces New Multicultural Scholarship Program

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Massachusetts Mutual Life Insurance Company (MassMutual), Springfield, Mass., has announced the launch of a new national multicultural scholarship program that will offer $60,000 in scholarships and potential internship opportunities in financial services to outstanding college students of color.

Beginning this month, students of African-American, Asian/Pacific Islander, or Hispanic descent who reside in the Atlanta, Houston, Los Angeles, and San Francisco metropolitan areas can apply for one of 12 $5,000 college scholarships. These students must have concentrations in the fields of accounting, business, economics, finance, marketing, math, or statistics.

MassMutual is collaborating with its local general agencies in the aforementioned cities to provide these scholarships to local students. Three scholarships will be awarded in each of the metropolitan areas. The program will be administered by the Hispanic Scholarship Fund (HSF). In its 33-year history, HSF has awarded in excess of 86,000 scholarships worth more than $250 million to Latinos attending nearly 2,000 colleges and universities in all 50 states, Puerto Rico, Guam, and the U.S. Virgin Islands.

“MassMutual consistently looks for ways to encourage education and diversity, as well as promote those courses of study that are most important to the financial industry,” says Trish Robinson, Senior Vice President, Strategic Communications and Community Responsibility and deputy head of Government Relations, MassMutual. “This program extends our efforts to more effectively reach and serve a customer base that is increasingly diverse, and enables our local agencies to become even more directly involved with our educational endeavors. It is our hope that the best and brightest students in these cities will take advantage of this unique opportunity, andthey will come to appreciate and strive for a rewarding career in financial services.”

“We are grateful that MassMutual is collaborating with HSF,” said Frank D. Alvarez, HSF President and CEO. “With this program, MassMutual recognizes that an investment in youth pays measurable returns for the communities where we live and work. These funds bring HSF one step closer to its mission of supporting the educational aspirations of multiple ethnic communities. We salute MassMutual for expanding opportunities for more students and increasing diversity at more college campuses.”

To be eligible, students must be of African-American, Asian/Pacific Islander, or Hispanic descent, be a sophomore, junior, or senior enrolled full-time at a U.S. accredited college or university majoring in accounting, business, economics, finance, marketing, math, or statistics, have a minimum GPA of 3.0, and reside in the Atlanta, Houston, Los Angeles or San Francisco metropolitan areas. Select agencies will offer internship opportunities to scholarship recipients providing them exposure to a career in financial services.

To apply, students can visit The deadline for applications is February 18, 2009. Recipients will be announced in June 2009.


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