Terlecky Family Insurance Scholarship

The Terlecky Family Insurance Scholarship is a merit-based financial award offered to undergraduate students enrolled at the University of Wisconsin–Madison who demonstrate academic excellence and a strong interest in the insurance industry. Established through the generosity of the Terlecky family, who have longstanding ties to the insurance sector, this scholarship aims to support students pursuing studies in insurance, risk management, and related business disciplines. The scholarship reflects the family's commitment to fostering the next generation of professionals in insurance and risk management by providing financial assistance to those who exhibit leadership, dedication, and academic achievement. Eligible candidates are typically those enrolled in programs within the Wisconsin School of Business or related departments, with a preference given to students who have declared a major or minor in insurance or risk management. The scholarship amount varies each year depending on available funds and the number of recipients selected. Applicants are evaluated based on academic records, personal statements, and sometimes letters of recommendation. The Terlecky Family Insurance Scholarship contributes to reducing the financial burden for students, enabling them to focus on their studies and professional development within the insurance field. This scholarship is part of a broader initiative by the University of Wisconsin–Madison to support students pursuing careers in business and finance, particularly in specialized areas such as insurance and risk management.

The Terlecky Family Insurance Scholarship is designed to recognize and support undergraduate students at the University of Wisconsin–Madison who have demonstrated outstanding academic performance and a clear interest in the insurance and risk management professions. This scholarship is awarded annually, with the number of recipients and the grant amounts subject to variation based on the endowment’s performance and available funds. Candidates typically must be enrolled full-time in an undergraduate program, preferably within the Wisconsin School of Business or a related department, and have declared a major or minor in insurance, risk management, actuarial science, or a closely related discipline. The selection process involves a review of academic transcripts to assess scholastic achievement, as well as an evaluation of the applicant’s commitment to the insurance field, which may be demonstrated through personal statements, extracurricular involvement, internships, or work experience. Letters of recommendation from faculty or professionals in the insurance industry may also be required to provide insight into the applicant’s potential for success in the field. The scholarship funds can be applied toward tuition fees, textbooks, and other educational expenses. By alleviating some of the financial challenges associated with higher education, the Terlecky Family Insurance Scholarship enables recipients to focus on their academic and professional development. The scholarship is part of the University of Wisconsin–Madison’s broader efforts to cultivate talent in specialized business sectors, particularly insurance and risk management, which are critical to the economy. Recipients are encouraged to engage with the university’s insurance and risk management community, participate in relevant internships, and pursue career opportunities in the insurance industry upon graduation.