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Opportunities for Incoming Freshmen and Transfer Students

Prospective Student Scholarships

The College of Business offers several scholarships to qualified incoming freshmen and transfer students. Scholarships range from $1,000 to $3,000. Applicants only need to submit one application form to be considered for all of the scholarships that they qualify for. However, students should address specific scholarship requirements if additional details are requested. For example, community service activities or specific school attended. Applications and supporting materials for all scholarships are due January 15th, 2012.

Marian Gardner Hinderliter and Hobart Hinderliter Scholarship:

For incoming freshmen majoring in business; one $3,000 non-renewable award; candidates must have at least a 3.0 high school GPA on a 4.0 scale, rank in the top quarter of their high school graduating class, or have an ACT composite score of 24 or above or equivalent SAT score.

Thomas Lorig Endowed Scholarship Fund:

For entering freshmen majoring in business; two $1,500 non-renewable awards will be made on an annual basis; candidates must rank in the top quarter of their high school graduating class, and demonstrate an unmet need for financial aid; preference will be given to students from McLean County.

College of Business Diversity Scholarships:

For academically talented new beginning freshmen or community college transfer students from traditionally underrepresented groups; students must have a major in business; $1,000 annually renewable for four years. The number of awards is based on the applicant pool and endowment proceeds. Candidates must have at least a 2.5 high school GPA on a 4.0 scale.

College of Business Dean's Scholarships:

For incoming freshmen majoring in business; one or more $1,000 non-renewable awards; candidates must have at least a 3.0 high school GPA on a 4.0 scale, rank in the top quarter of their high school graduating class, or have an ACT composite score of 24 or above or equivalent SAT score.

Isabelle Purnell Memorial Scholarship Fund:

For incoming freshmen majoring in business; one or more $1,000 non-renewable awards; candidates must have at least a 3.0 high school GPA on a 4.0 scale, rank in the top quarter of their high school graduating class, or have an ACT composite score of 24 or above or equivalent SAT score.

Livingston Family Endowed Scholarship Fund:

For incoming freshmen of African American experience majoring in business - preference for accountancy majors; one or more $1,000 non-renewable awards; candidates must have at least a 2.75 high school GPA on a 4.0 scale, rank in the top quarter of their high school graduating class, or have an ACT composite score of 23 or above or equivalent SAT score; need may be a contributing factor in cases where two or more applicants have apparently equal qualifications. (Recipients may apply for additional funding through his/her senior year depending upon academic performance and endowment proceeds.)

Dixie L. Mills Endowed Scholarship Fund:

For incoming freshmen majoring in business; at least one $1,000 non-renewable award will be made on an annual basis; candidates must have at least a 3.0 high school GPA on a 4.0 scale, rank in the top quarter of their high school graduating class, or have an ACT composite score of 24 or above or equivalent SAT score.

Donald J. Flessner Endowed Scholarship:

For incoming freshmen majoring in accountancy; one $1000 non-renewable award will be made on an annual basis; candidates must have at least a 2.7 high school GPA on a 4.0 scale and rank in the top quarter of their high school graduating class, or have an ACT composite score of 23 or above or equivalent SAT score.

Edmund & Jane Endowed Scholarship:

The Edmund & Jane Scholarship was established by Julie and Bob Dobski in 2010 to honor Bob’s parents Edmund and Jane Dobski.  The couple used a $600 investment from Edmund’s mother, Sophie Dobski, to start and then expand to a multi-location of three full service grocery stores on the northwest side of Chicago. 

Julie and Bob credit their success to the lessons learned from Jane and Edmund; i.e. provide a quality product, work hard and treat your employees fairly, all of which are fundamental lessons from a hardworking couple.  The Edmund and Jane Scholarship will ensure that these tenets continue to be taught and valued in today’s business environment.

One $1000 scholarship will be awarded to a qualified business student at Illinois State University during the 2011/2012 academic year.  The award is to be used for educational expenses and will be distributed over the 2011/2012 academic year in two installments; $500 each semester.  Qualified students must:

  • Be an incoming freshman or a current College of Business student in good standing at Illinois State University.
  • Demonstrate academic achievement, as evidenced by:
    • Incoming freshman – a cumulative high school GPA of at least 3.25 on a 4.00 scale and graduated in the upper quarter of his/her high school class and/or have a composite ACT score of 25 or higher.
    • Continuing ISU student – a cumulative ISU GPA of 3.25 or higher.
  • Demonstrate an unmet need for financial aid as determined by Illinois State Financial Aid Office and/or federal regulation and/or personal circumstances.

Download an application and formal scholarship announcement or request an application form and supporting materials in the College of Business Dean’s office, room 401 of the State Farm Hall of Business.

Ron Jr. & Cathy Whitton Dentsmart Endowed Scholarship:

For incoming freshmen or graduate of Illinois Central College majoring in business; one $1000 non-renewable award will be made on an annual basis; freshmen candidates must be graduates of Pekin High School and preference will be given to ICC applicants that are also graduates of Pekin High School. All qualified candidates must have at least a 3.0 high school or ICC gpa on a 4.0 scale, or have an ACT composite score of 24 or above or equivalent SAT score. Qualified students will have demonstrated a commitment to serving others through involvement in school and/or community activities. (Recipients may apply for additional funding through his/her senior year if they maintain at least a 3.0 ISU GPA and show progress toward earning a degree in business. Future awards will be based on the amount of available funds and the quality of the candidate pool.)

Larry E. Gustafson Scholarship:

For incoming freshmen majoring in business; one $1000 non-renewable award will be made on an annual basis; candidates must rank in the top ¼ of their high school class or have an ACT composite score of 24 or above or equivalent SAT score. Qualified students will have demonstrated involvement in school or community activities, and/or have substantial work history. Preference will be given to dependents of a Union Carpenter.

Diversity Excellence Business Scholarship:

For incoming freshmen or new transfer student of color majoring in business; one $1000 non-renewable award will be made on an annual basis. Candidates must have at least a 3.0 high school gpa or have an ACT composite score of 24 or above. Transfer students must have at least a 3.0 transfer gpa. Qualified students must demonstrate an unmet need for financial aid as determined by the Illinois State Financial Aid Office and/or federal regulation and/or personal circumstances, and demonstrate involvement in school and/or community activities and/or substantial work history (list the number of hours worked per week to help fund his/her education expenses. (Financial need is a primary factor in the selection process.)