WASHINGTON--(BUSINESS WIRE)--GEICO recently established a new scholarship program at the University of Maryland University College (UMUC) for the spouses and children of federal and military service members.
The new UMUC scholarship will be funded through GEICO’s Philanthropic Foundation with an endowment of five $1,000 scholarships for the 2011 academic year. In 2012, the number of scholarships will be based upon earnings from the scholarship’s endowment, which are projected to fund five $1,000 scholarships on an annual basis.
“It's an honor to provide scholarships for the spouses and children of our federal and military personnel,” said Don Lyons, GEICO senior vice president. “The new scholarship provides an opportunity to help further their secondary education and demonstrates our ongoing commitment to the federal and military marketplace.”
Eligibility for the GEICO Federal/Military Scholarship includes:
- Spouses and children of federal employees grades GS-1 through GS-15, and all active-duty enlisted military members
- Students who demonstrate financial need
- Undergraduate students only
- Students with a grade-point average of 2.8 or higher
- Students who are enrolled in at least 6 credit hours during the award period at UMUC
- All UMUC students – U.S. and overseas
GEICO (Government Employees Insurance Company) is a member of the Berkshire Hathaway family of companies and is the third-largest private passenger auto insurer in the United States. GEICO handles auto insurance coverage for 10 million private passenger auto policies and insures more than 16 million vehicles.
In addition to auto insurance, GEICO offers customers insurance products for their motorcycles, all-terrain vehicles (ATVs), and mobile homes. Coverage for life, boats, homes and apartments is available through the GEICO Insurance Agency. Commercial auto insurance and personal umbrella protection are also available.
As a member of the Berkshire Hathaway group of companies, GEICO is rated A++ for financial strength by A.M. Best Company and ranks at the top of several national customer satisfaction surveys. For more information, go to http://www.geico.com.