Tuesday, April 20, 2010

Wealth Concepts, LLC, MassMutual Announce Scholarship Program For Local Multicultural College Students

Wealth Concepts, April 19, 2010 – Local multicultural college students from the Denver Metro Area will have a chance to win scholarships and internship opportunities in the financial services field as part of a newly-expanded scholarship program sponsored by Wealth Concepts, LLC, a general agency of Massachusetts Mutual Life Insurance Co. (MassMutual).

Students of African-American/Black, Asian/Pacific Islander, or Hispanic descent who reside in Denver can apply for one of three $5,000 college scholarships. Applicants must meet certain academic criteria, such as having concentrations in the fields of business, economics, finance, financial planning, management, marketing or sales.
Nationally, MassMutual is making $135,000 in scholarships available in nine metropolitan areas as part of the program.

“We’ve always been committed to attracting talented professionals to the field of financial services, and in particular to supporting people of diverse backgrounds, both as agents and as clients,” said Scott Stillman, president of Wealth Concepts. “These scholarships will, ultimately, help us better serve Denver ’s increasingly diverse community.”

This year, MassMutual is expanding the scholarship program, which began in 2009 with four metropolitan areas, to nine.

“Our scholarship program is a very important part of our commitment to diversity and education, and because of it and our other efforts, we’re already making a big difference in the lives of the communities we serve,” said Nick Fyntrilakis, assistant vice president of Community Responsibility for MassMutual.

The scholarship program’s application deadline is May 30, and winners will be notified in late summer.

To be eligible, applicants must: Be of African American/Black, Asian/Pacific Islander or Hispanic decent.

* Be a U.S. citizen or legal permanent resident with a permanent resident card or passport stamped I-551 (not expired).
* Have a minimum cumulative grade point average (GPA) of 3.0 on a 4.0 scale.
* Have plans to attend FULL-TIME, a degree-seeking program at a U.S. accredited institution in the U.S. , Puerto Rico , U.S. Virgin Islands or Guam during the 2010-2011 academic year.
* Be entering their sophomore, junior, senior or 5th year senior year at a four-year university or be a community college student.
* Reside or plan to attend an institution in one of the following metropolitan areas: Atlanta , GA ; Denver , CO ; Houston , TX ; Los Angeles , CA ; San Francisco , CA ; Central New Jersey; Chicago , IL ; Miami , FL ; or San Antonio , TX .
* Be majoring in business, economics, finance, financial planning, management, marketing or sales.
* Demonstrate leadership and extra curricular activities.
* Must apply for federal financial aid by completing the Free Application for Federal Student Aid (FAFSA)

For more information on how to apply or to obtain an application, visit www.hsf.net/massmutual.aspx.

About MassMutual
Founded in 1851, MassMutual is a leading mutual life insurance company that is run for the benefit of its members and participating policyholders. The company has a long history of financial strength and strong performance, and although dividends are not guaranteed, MassMutual has paid dividends to eligible participating policyholders every year since the 1860s. With whole life insurance as its foundation, MassMutual provides products to help meet the financial needs of clients, such as life insurance, disability income insurance, long term care insurance, retirement/401(k) plan services, and annuities. In addition, the company’s strong and growing network of financial professionals helps clients make good financial decisions for the long-term.

MassMutual Financial Group is a marketing name for Massachusetts Mutual Life Insurance Company (MassMutual) and its affiliated companies and sales representatives. MassMutual is headquartered in Springfield , Massachusetts and its major affiliates include: Babson Capital Management LLC; Baring Asset Management Limited; Cornerstone Real Estate Advisers LLC; The First Mercantile Trust Company; MassMutual International LLC; MML Investors Services, Inc., member FINRA and SIPC; OppenheimerFunds, Inc.; and The MassMutual Trust Company, FSB.

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