The Risk Management, Insurance, & Financial Services and Actuarial Science program awards more than $100,000 in scholarships each year to worthy RMI/AS students of outstanding merit. Students who specialize in Personal Wealth Management or other business disciplines may also meet the curriculum requirements to qualify.

The following RMI/AS Endowed Scholarship Funds have been established to provide awards to Culverhouse students:

  • Richard K. Beecham Memorial Endowed Scholarship: Alabama Association of Health Underwriters (AAHU)
  • W. Gene Crafton Endowed Scholarship
  • Thomas J. Curtin Sr. Endowed Scholarship
  • Col. Clarence W. Daugette Jr. and Florence T. Daugette Endowed Scholarship
  • Robert W. Hodgkins Endowed Scholarship: State Farm
  • Maxie Glen Jackson Memorial Endowed Scholarship: Alabama Chapter of RIMS
  • Jack L. McKewen Endowed Scholarship
  • Jarvis W. Palmer Endowed Scholarship
  • Jack O. Tomlinson Endowed Scholarship

2022 - 2023 Scholarship Recipients


  • Dawson Amos
  • Nichole Baldwin
  • Michael Broadwater
  • Connor Judkiewicz
  • Allison Ketter
  • Maddie Lang
  • Jim Lindsay
  • Alexa Machols
  • Thomas Mirth
  • Ryne Muehlschlegel
  • Taylor Prelewicz
  • Kurt Shuler
  • Christian Sponsel
  • Jarrod Stokes
  • Andrew Sullivan


  • Nicholas Flores
  • William Horridge


  • Jacob McDonald


  • Ellie Morgan Miles


  • Dylan Easter


When is the deadline to apply?

January 15, 2023 for high school seniors (incoming freshmen) entering in Fall of 2023.

March 1, 2023 for continuing students and all new transfer students (including graduate students).

How do I apply for a schlolarship?

Scholarship applications are for scholarships for the upcoming academic year (for example, the application due on March 1, 2023 (January 15, 2023 for incoming freshmen) is for scholarships for the Fall and Spring of the 2023-2024 academic year). Therefore, you submit your application in the semester prior to when you will receive them (note that scholarships available through the application are not awarded in the Summer).

Please apply! Everyone is eligible for scholarships so everyone should apply.

Our committee uses the campus-wide scholarship application for undergraduate scholarships for all currently-enrolled students. Once an application has been submitted, you will not be able to view it again. Therefore, please make sure to write down any information you need before submitting it. Also, please double-check that you submitted it correctly; students often think they have completed the application but have not properly submitted it. You can check with us if you would like our help in determining whether you properly submitted your application.

Currently enrolled students, who are seeking scholarship assistance, should log on to MyBama, click the Academics tab, then look in the center column for the Scholarships box.

After completing the MyBama Application, you will need to complete the RMI/AS Application. Please contact the Program Coordinator, Joseph Martina at jnmartina@culverhouse.ua.edu with any questions.

Scholarship Qualifications

Our scholarship committee meets shortly after the March 1st deadline to evaluate all of the undergraduate and graduate applications. Scholarships are then assigned based on a variety of factors.

Qualifications to be considered for a scholarship include, but are not limited to:

  • Full-time student (12 hours or more per term)
  • Junior or Senior in the Culverhouse College of Business*
  • Maintain a minimum overall GPA of 3.0
  • Pursue or agree to pursue an RMI/AS specialization**
  • Join and remain active in the Alabama Insurance Society
  • Participate in events sponsored by the RMI/AS program

Other factors affecting your application include:

  • Location of Permanent Residence
  • Leadership Experience/Extracurricular Involvement
  • First-Generation College Student status
  • Diversity on Campus
  • Financial Need

Note that you have the opportunity to provide additional details about financial need or other special circumstances on the application.

*Students with exceptional potential may receive a scholarship as early as the second semester of their sophomore year. **Actuarial Science students must establish a plan with their advisor for completing an actuarial exam.


If you are awarded a departmental scholarship, the department will send an Adobe Sign letter to your UA email address and a hard copy to your permanent address. The letter will contain instructions on how to accept your award(s). Please submit all requested items to the Accounting department.


After the department has received the signed acceptance letter, funds will be allocated to the student’s account. This typically occurs in mid-July for the upcoming Fall semester and late December for the upcoming Spring semester.

Criteria for maintaining a scholarship

Recipients Must:

  • Be a Culverhouse College of Business student
  • Be pursuing a minor in Risk Management, Actuarial Science, or Personal Wealth Management
  • Maintain a GPA of 3.0
  • Meet with the scholarship advisor within the first three weeks of each semester
  • Notify the scholarship advisor if the student’s curriculum plan changes
  • Join the Alabama Insurance Society (AIS)
  • Attend all AIS meetings (once a month)
  • Send a Thank You Letter to the sponsor of the scholarship
  • Pass an actuarial examination within the following two semesters (counting summer as a semester) upon completion of the first Actuarial Science-related course (either FI 427 Probability for Actuaries or FI 428 Financial Mathematics for Actuaries). Failure to do so, will result in the revocation of my scholarship.**
**Pertains to Actuarial Science scholarship recipients ONLY!


How are recipients notified?

The department will send an Adobe Sign letter to your UA email address and a hard copy to your permanent address.

When will recipients be notified?

No later than May 15th. 

I don’t have the best grades, should I still apply?

Yes! Everyone should apply, as scholarships are awarded based on many factors.

What is the typical amount of an award?

Award amounts vary based on the scholarship in question. However, typical awards range from $1,000 to $2,500 per semester.

What should I include on my application?

Please be thorough when filling out your application. Set aside at least 30 minutes to complete it. List any achievements or interests that you believe help set you apart from the other applications. When in doubt, add more information, not less.

What constitutes as an extenuating circumstance?

These are personal circumstances that are outside of your control and have, or likely have had, a significant impact on your academic performance. These challenges could be physical, emotional, or financial. Whether you have overcome these situations or are still currently dealing with them, they are still noteworthy to your personal growth while in school.

For questions concerning scholarship, please contact the RMI/AS Program Coordinator at (205) 348-4611.