WASHINGTON, D.C., Jan. 28, 2011 – 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 insurance company in the United States. GEICO provides millions of auto insurance quotes to U.S. drivers annually. The company is pleased to serve more than 11 million private passenger customers and insures more than 18 million vehicles (auto & cycle).
GEICO's online service center helps policyholders take care of policy sales, policy changes, claims reporting and to print insurance ID cards.
GEICO also provides insurance quotes on motorcycles, all-terrain vehicles (ATVs), travel trailers and motorhomes (RVs). Coverage for boats, life, homes and apartments is written by non-affiliated insurance companies and is secured through the GEICO Insurance Agency, Commercial auto insurance and personal umbrella protection are also available.
For more information, go to www.geico.com.