LCBA - Life Insurance with a Conscience - Post Secondary Scholarship

Post Secondary Scholarship

Overview This program provides a $2,500 one-year scholarship for students attending or entering an accredited degree or certificate granting institution and working towards his/her first degree/certificate. The scholarship may be used to cover any post-secondary education expense. In the case where a scholarship is paid directly to the post-secondary institution for tuition only purposes, LCBA is not required to report the award to the IRS for income tax purposes. However, should the student choose to receive the scholarship directly in order to cover non-tuition expenses, LCBA is required to report the award to the IRS for income tax purposes and the student may incur a taxable event. While the scholarship is only for one year, the student can apply for a scholarship each year that he/she is in school and working towards the completion of the initial degree/program. This applies to the ?normal? term of their program based on full-time enrollment, four (4) years or until termination from the educational facility, which ever comes first. This means that a traditional four (4) year college bound student may be awarded as much as $10,000! Two-year program enrollees can be awarded as much as $5,000! The scholarships are awarded by random drawing so each applicant has a chance to win. An applicant can only receive one scholarship award per year. Each applicant may be eligible for additional entries in the drawing based on academic performance, LCBA membership and LCBA fraternal involvement. The odds of winning are based on the number of applicants and the number of additional or bonus entries applicants awarded. Eligibility Requirements Applicant must be a benefit member or be the natural or legally adopted child or grandchild of a benefit member. An LCBA life or annuity certificate, qualifying the applicant must be issued no later than the application deadline. The applicant may only apply once each year but may be awarded additional entries to the drawing. Entrant must have a minimum of a 2.5 on a 4.0 GPA scale or equivalent from their high school for those entering their first (1st) year and from their post-secondary institution for those beyond their first (1st) year and provide an official transcript as proof. Must be a high school graduate by July 31st of the year of entry (GED certificates will be accepted, both as evidence of graduation and for the 2.5 of 4.0 GPA requirement.) Must be either entering a post-secondary institution for the first time, or be attending and still working towards first (1st) degree or certificate, and attending as a full-time student. Means high school graduates (teenagers or adults) of any age can apply provided working towards first degree/certificate. Also means that students entering 2nd, 3rd and 4th years can also enter. Students meeting the above criteria and filing a formal LCBA scholarship application will be awarded one (1) entry for the LCBA Scholarship Drawing. Application deadline is May 1st of each year, regardless of day of the week. The award drawing will be held on June 1st or the 1st business day after June 1st of each year. Students meeting any/all of the following criteria may be awarded additional entries. Applicant must include a photo with application. Bonus Entry Criteria Up to 5 additional lottery chances are awarded to qualified entrants for each of the following: One (1) additional entry for each 0.25 (or fraction thereof) points of GPA over 3.0. Example: Over 3.00 but less than 3.25 = 1 bonus entry Over 3.25 but less than 3.50 = 2 bonus entries Over 3.50 but less than 3.75 = 3 bonus entries Over 3.75 but less than 4.00 = 4 bonus entries 4.00 = 5 bonus entries One (1) additional entry for each full year of continuous LCBA benefit membership as a base insured on either a life or annuity certificate with a limit of 5 additional entries. Continuous membership is measured starting with the year of application for the scholarship and counting backwards. Membership will be determined based on Association records on the application deadline. One (1) additional entry for each act of LCBA fraternal service as attested to by two LCBA Branch or National Officers with a limit of 5. Each act of LCBA fraternal service must have been during the applicant?s most recent years of continuous benefit membership as described above. LCBA fraternal service verification forms will be sent to LCBA Officers for each applicant. Award Process LCBA will screen applications for the eligibility requirements. Scholarships will be awarded by random drawing by an LCBA National Officer. Selections will be final. Number of awards is based on the amount available in the LCBA scholarship fund for that year (or other account designated by the LCBA). Only one scholarship may be provided per applicant per year, regardless of the number of times his/her name may be drawn. An LCBA National Officer will check each application and determine the number, if any, of bonus entries each applicant is eligible to receive. The award drawing will be held on June 1 or the first business day after June 1 of each year. Scholarship recipients will be notified by June 15th of the year in which the scholarship is awarded. Announcements will be made in direction. The LCBA reserves the right to modify, suspend, or terminate this program without prior notice. Such action would not affect the scholarships in process. To Apply Complete the scholarship application by clicking apply now or click here to print out a copy to mail. If sending a hard copy, don't forget to include your transcripts and photo and send or fax by May 1st to: Post-Secondary School Scholarships LCBA ~ PO Box 13005 ~ Erie, PA 16514-1305 Fax 814-453-3211
	* This field is mandatory
First Name *
Last Name *
LCBA Qualifying Certificate
Insured Name (If other than applicant)
Relationship of Insured to Applicant
Address *
Address 2
City *
State *
Zip *
Gender
Date of Birth *
Social Security Number
Phone *
Email *

Attach your picture
.jpg, .gif, .tif, .bmp only. 400K max. You MUST rename the file with applicant's full name. ie. johnjones.jpg - If you are not attaching your photo, please provide a hard copy to the address above.

	High School Information
School Name
School Address 1
School Address 2
City
State
Zip
School Phone
Graduation Date (actual or expected)

	Post Secondary School Information
School Name
School Address 1
School Address 2
City
State
Zip
School Phone
Enrollment Date (actual or expected)
Graduation Date (actual or expected)
Attach your transcript
Please upload your official transcript here. You MUST name your transcript using the applicants full name. (If you don't have a digital copy you can mail it to the address above.)

The LCBA Privacy Pledge The LCBA will not use the member information obtained in this online scholarship application for any purpose outside of the scope of the LCBA scholarship program. The information provided will not be given or sold to any other companies or organizations. As a scholarship winner, I hereby (or parent or guardian for those under the age of 18) give my permission to the Loyal Christian Benefit Association to use my name, photograph, and biographical information in publications or promotional pieces produced and distributed for the Post Secondary Scholarship program by the Loyal Christian Benefit Association, including those on the world wide web. I understand that I will not be compensated for the use of any photographs or information. I also understand that I am not obligated, as an LCBA member, to give the use of my name, photo, or biographical information. Parent or Guardian: Please Type Your Name and Today's Date in the Boxs Below.

Name *
Date *

The LCBA Privacy Pledge