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Scholarship

Scholarship

NTAGGL Scholarship Award Program
January 2, 2020

Members and Associate Members
North Texas Association of Government Guaranteed Lenders (NTAGGL)

We are now accepting applications for “NTAGGL Scholarships – 2020”.   In 2019, we awarded six (6) $1,000 Scholarships to students who were working hard to better their futures by continuing their education and striving for a degree in their chosen field of study.  

Over the last few years, we have worked hard to create and organize the NTAGGL Scholarship Award Program.  Through your financial assistance, we have raised enough money to fully endow the North Texas Association of Government Guaranteed Lenders Endowment (Endowment) with First Command Educational Foundation (FCEF). FCEF has been providing scholarships in the U.S since 1983 and has awarded over $3.7 million dollars in scholarships to over 2,000 students.  The Foundation awards scholarships to students all over the nation, averaging approximately $175,000 per year for higher education. All funds generated from the Endowment, as well as other specified funds raised throughout the year, will be used for the NTAGGL Scholarships.   

The Endowment will allow NTAGGL to grant several scholarships each year to eligible students that reside in one of the 72 counties of the SBA District that we service in North Texas. NTAGGL’s application awards are for those seeking degrees in “Social Sciences, Business Degrees, Banking/Finance Degrees, or any other degree plan at a two or four-year college or university for a bachelors or graduate program.”  Award recipients are required to take an on-line course (free) offered by First Command Educational Foundation of “BASIC$4ALL”, a course that offers a broad range of everyday ‘need to know financial information’ for most people and families.  The course covers charge accounts, checkbook management, understanding credit, loans, rights and responsibilities, buying stocks and investments, retirement, insurance and bankruptcy. The above course is required prior to submitting an application for scholarship assistance.  The course is easily accessible on-line, and has proven to be of great value to all scholarship recipients who have completed the course.  

Our Partnership with FCEF offers many benefits, including the funding process. The process involves our five Selection Committee Members, carefully chosen by the Scholarship Committee.  The Selection Committee will review and score each application using the review/scoring system outlined by NTAGGL. We will also provide additional credit to those who qualify under ‘Low to Moderate Income Families’, as verified through the Financial Aid Department of their college or university.

Thanks to the members of NTAGGL and the NTAGGL Scholarship Committee, we will continue awarding scholarships for many years to come.  

Sincerely,

Patricia I. Zelayandia
President NTAGGL 2020-2021

 

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Scholarship Criteria

Eligible Types of Major Degrees

The NTAGGL Scholarship Program is for all persons who are seeking financial assistance for college tuition and expense. However, there is a special emphasis to low to moderate income families. Applicants who qualify under low to moderate income will be given a credit towards the overall grading system. The low to moderate income designation will be determined by verification from the college institution’s financial aid office.

Purpose: The North Texas Association of Government Guaranteed Lenders (NTAGGL) recognizes the value of a quality education and the importance of financial literacy education and is proud to announce the availability of scholarship award opportunities provided through a partnership between NTAGGL and First Command Educational Foundation (FCEF). NTAGGL serves and supports the small business lending community of North Texas by partnering with government agencies and their affiliates to further provide training and networking opportunities through our associate members. NTAGGL believes strongly in personal financial literacy of our youth and our leaders. FCEF promotes and provides education as a foundation of a productive society through scholarships and financial literacy programs. Established in 2010 by NTAGGL in partnership with FCEF, this scholarship opportunity is open to students who are pursuing a business degree, a social science degree, a banking / finance degree or attending a two or four year college or university for a bachelors or graduate program.

A) SCHOLARSHIP CONDITIONS AND ELIGIBILITY FOR – BUSINESS, SOCIAL SCIENCE OR BANKING / FINANCE MAJORS

  • Student majoring in Pre-Business, Business Administration, Banking, Finance, Economics, History, Justice Systems, Philosophy, Religion, Political Science, Psychology, Sociology, Environment, Pre-Law,
  • Provide two letters of recommendation
  • Essay – (Two Pages)
  • Minimum 3.0 GPA (transcripts required)
  • Preference given to resident of North Texas but not limited to North Texas
  • Student must be U.S. Citizen or U.S. Permanent Resident (Copy of Driver’s License or Identification Card required)
  • Evidence of campus leadership and/or volunteer service
  • Must complete Basic$4ALL online course https://www.fcef.com/education/ and generate certificate upon completion of the course.

B) SCHOLARSHIP CONDITIONS AND ELIGIBILITY FOR –OTHER MAJORS: ATTENDING A TWO OR FOUR YEAR COLLEGE OR UNIVERSITY

  • Student majoring in other degrees not mentioned above but attend a two or four year college or university
  • Provide two letters of recommendation
  • Essay – (Two Pages)
  • Minimum 3.2 GPA (transcripts required)
  • Preference given to resident of North Texas but not limited to North Texas
  • Student must be U.S. Citizen or U.S. Permanent Resident (Copy of Driver’s License or Identification Card required)
  • Evidence of campus leadership and volunteer service
  • Must complete Basic$4ALL online course https://www.fcef.com/education/ and generate certificate upon completion of the course.

The NTAGGL process for approval does not discriminate on the basis of race, culture, color, creed, gender, religion, or sexual orientation. Awards are $1,000 for 1 year of study. The scholarship award will be made directly to the college/university and applied to the recipient’s account.

Family Member or Relative of NTAGGL officers, directors and members of scholarship committee are disqualified from receiving a scholarship.

“Family Member” means the spouse or domestic partner of the NTAGGL officer, director and/or member of the scholarship committee (the “Member”), a person who is or has been a Relative (as further defined herein) of the Member, a child who normally or regularly resides with the Member, a child of whom the Member is a guardian or any person who is or has been ordinarily a member of the household of the Member. “Relative” means the following:

  1. a father, mother, grandfather, grandmother, step-father, step-mother, father-in-law or mother-in-law of the Member; or
  2. a son, daughter, grandson, granddaughter, step-son, step-daughter, son-in-law or daughter-in-law of the Member; or
  3. a brother, sister, half-brother, half-sister, brother-in-law or sister-in-law of the Member; or
  4. an uncle, aunt, uncle-in-law or aunt-in-law of the Member; or
  5. a nephew or niece of the Member; or
  6. a cousin of the Member.

Refer to website for list of NTAGGL officers, directors and members of scholarship committee.

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