The IECCU is pleased to announce the 2017 GSAT Scholarships program with a July 21, 2017 deadline.
This Scholarship is available to the legal child of a member of the Insurance Employees Co-op Credit Union Limited (IECCU). Two scholarships shall be awarded every year to two students, one girl and one boy, entering high school who meets the eligibility requirements.
The Insurance Employees Co-op Credit Union (IECCU) Scholarship Manual
Name of Scholarship
This Scholarship shall be called “The Insurance Employees Co-op Credit Union Scholarship” hereinafter referred to as “The scholarship“. The Committee shall be comprised of three (3) persons from the Credit Union. The committee should be comprised of one (1) board member, and one (1) head of department and one (1) independent member who does not have a scholarship application pending or such other persons as that committee deems appropriate.
Commencement of The Scholarship
The Scholarships shall be awarded for the current academic school year.
Number of Scholarship
Two scholarships shall be awarded every year to two students, one girl and one boy, entering high school who meets the eligibility requirements set out under item six (6) below.
Duration of Scholarship
Each scholarship shall be for the duration of the high school program and is not to exceed five (5) consecutive academic school years, commencing the first school year that the scholarship awardees enter high school.
This Scholarship is available to the legal child of a member of the Insurance Employees Co-op Credit Union Limited (IECCU). The parent/legal guardian must be a member for at least six months, in good standing, no delinquencies with the IECCU for at least two years at the time of applying and their child must be enrolled in the Early Start Treasure Chest program/account. The award will be based on the following:
- The child taking the Grade Six Assessment Test and results are provided
- The child being accepted to a high school
- Satisfactory behavior at graduating school
- Financial need
Value of Scholarship
The scholarship shall have a value of J$25,000.00 for each academic school year.
Disbursement of Scholarship funds
IECCU shall pay funds directly to the school and/or book store to assist with the child’s school fees, school books. Any other purchases must be pre-approved.
Qualifying students may be subject to an interview by the committee. The Committee reserves the right to request an interview with any or all of the student/s and/or parents if, in its discretion, this will help with the decision making process. The committee reserves the right to forego the scholarship for any scholarship year if, in its opinion, no suitable candidate has been identified. The successful scholar will be announced in the Credit Union’s SPICE Magazine and is required to participate in any other form of promotion that the Credit Union may undertake in relation to the award of the scholarships.
- A fully completed Scholarship Application form must be submitted to: THE SCHOLARSHIP COMMITTEE IECCU 27 PARKINGTON PLAZA, KINGSTON 10 by July 21 of the year in which the scholarship is to be awarded.
- The original of the last report from the school where he/she sat the GSAT.
- Proof of the GSAT results.
- Proof of acceptance from a high school.
Conditions of continuity of scholarship
Continuity is dependent on the scholarship winners maintaining a minimum average of 70% for conduct and academic performance. Failure to maintain an average of at least 70% will result in a loss of the scholarship. By the end of July each year the student’s report/s must be submitted to the committee for review. Disbursement of funds will be contingent on the receipt of the reports.
Termination of scholarship
Scholarships are tenable at any recognized high school in Jamaica and are not transferable to any other student. Should a scholarship winner terminate his/her attendance at the high school before the scholarship term expires, he/she will have been deemed to have forfeited all rights and privileges to the scholarship. Should a scholarship winner wish to transfer to another high school, the Credit Union should be advised in writing and a report submitted to the committee for consideration and approval.
The ultimate responsibility for the administration of the scholarship program resides with the Board of Directors of the IECCU who, through the committee, may change, alter or otherwise discontinue the scholarship program.