GARP Scholarship Program

2011

2011 GARP SCHOLARSHIP PROGRAM

The GARP Scholarship Program was developed to provide future leaders of risk professionals the opportunity to obtain GARPs FRM or ERP certification. The scholarships will cover the cost of the Exam Registration Fee only, for both the FRM Exam Part I and ERP. The scholarship is not available for the FRM Exam Part II. The awarding scholarships are based on merit and the final decision is the sole discretion of GARP. It is critical that you submit all required paperwork by the posted date of January 31, 2011, for the May Administration; or August 31, 2011 for the November Administration, in order for your application to be considered. We will announce the recipients of the FRM/ERP Scholarships by Friday, February 18 for the May Administration and September 20, 2011 for the November Administration. Partially completed applications will not be considered. FRM & ERP Exam Dates May 21, 2011 November 19, 2011 Scholarship Deadline Date January 31, 2011 August 31, 2011 Scholarships Announced February 18, 2011 September 20, 2011

The Global Association of Risk Professionals (GARP) Scholarship Application was instituted to provide future leaders in risk management the opportunity to obtain the premier FRM or ERP Certification in the industry.

GUIDELINES: All scholarship candidates must register and pay for enrollment fee and exam registration prior to submitting application. Candidates awarded scholarship will be refunded the cost of exam registration fee only. All Scholarship applications must agree to and act in accordance with GARPs Code of Conduct. GARP will begin accepting Scholarship Applications on December 1, 2010. Any application postmarked after January 31, 2011 for the May Administration or August 31, 2011 for the November Administration will not be considered. There are not exceptions to this. The Scholarship ONLY covers the cost of the Exam Registration Fee. Scholarships are awarded based on merit, and the final decision is the sole discretion of GARP. Applicants, who notify GARP that they would like to withdraw their application BEFORE being awarded a scholarship, will be eligible to re-apply next year. Applicants who decide to defer their Exam Registration AFTER being awarded a scholarship will forfeit the scholarship award. Nor will they be eligible for another scholarship. There will be no exceptions to this. A Scholarship recipient can defer their examination; however, they will forfeit their scholarship and be required to pay the Exam Registration Fee and the deferral fee in order for the deferral to be considered complete. Qualified students and faculty members are entitled to one scholarship per lifetime. There will be no exceptions.

QUALIFICATIONS: Students must demonstrate full-time enrollment* in a degree program at the time of the exam: May 21, 2011 and November 19, 2011. Students enrolled in a certificate program do not qualify and will not be considered. Faculty members are deemed eligible if they can demonstrate full-time employment.**

*Full-time enrollmentDefined as enrollment in a minimum of 12 credits per semester for undergraduate students and 9 credits per semester for graduate students. **Full-time employmentDefined as tenured, tenured track, or the equivalent faculty member.

2011 GARP Scholarship Program

2011 GARP SCHOLARSHIP PROGRAM

THE SCHOLARSHIP PROCESS 1. Register and make payment for either GARPs FRM or ERP Examination (whichever exam you are submitting a scholarship application for). Complete the Scholarship Application, be sure to indicate for which Administration you are applying for. Provide proof of full-time enrollment* or full-time employment.** Student ApplicantsStudents must submit an official letter from the Registrar (on school letterhead) confirming their full-time enrollment through May 2011 or November 2011, respectively. This letter would reference a minimum of 12 credits currently taken per semester. Faculty ApplicantsFaculty members must submit a letter (on school letterhead) from a supervisor confirming full-time employment.** Both applicants will need to obtain a letter (on school letterhead) from a nominating university official that includes the following: Names and email address(s) of the nominee(s) confirming their full-time enrollment* and or their full-time employment.** A letter briefly describing the nominee(s) commitment to the field of risk management and specifically how they could benefit from the GARP Scholarship program for the FRM or ERP. Students must submit a copy of their most recent school transcript. Both types of applicants must include a copy of their most recent CV/Resume. Both types of applicants must include a brief, one page maximum, letter describing how the FRM/ERP designation will benefit your career/personal goals and objectives. Mail original documents to: (copies will not be accepted) Attn: 2011 Scholarship Administrator Global Association of Risk Professionals (GARP) 111 Town Square Place, Suite 1215, Jersey City, NJ 07310 The Scholarship Administrator will confirm receipt of applications via email within 3 weeks.

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10. The applicant will be notified whether they received the scholarship award or not on February 18, 2011 or September 20, 2011, respectively. Applicants who are awarded a scholarship will be notified (via email) by the Scholarship Administrator. The scholarship award will be applied to the Exam Registration fee only. A refund of the Exam Registration will be provided. Candidates with unpaid registration fees are not eligible to utilize the scholarship award. Applicants who are not awarded a scholarship will be notified (via email) by the scholarship administrator. Candidates are encouraged to reapply for a GARP Scholarship in the next cycle.

2011 GARP Scholarship Program

2011 GARP SCHOLARSHIP PROGRAM

Please fill out the appropriate information below and return this application to GARP with the required documentation. Please print clearly and in English only. Please indicate which program you are applying for: May 21, 2011 FRM Exam Part I ERP Exam November 19, 2011 FRM Exam Part I ERP Exam

APPLICANT INFORMATION Student Applicant Your GARP ID: First Name: Email: Name of School: Degree Program: Major: Expected Date of Graduation: Last Name:

Faculty Member Your GARP ID: First Name: Email: Name of School: Department: Last Name:

NOMINATING UNIVERSITY OFFICIAL INFORMATION First Name: Email:: Name of School: Department: Phone Number: Last Name:

2011 GARP Scholarship Program

2011 GARP SCHOLARSHIP PROGRAM

APPLICANT CHECK-LIST Student Applicants Completed FRM/ERP registration Completed 2011 Scholarship Application Proof of full-time student status: Letter from registrar Official transcript, including a minimum of 12 credits per semester Nominating letter from university official Current CV/Resume Brief one page letter describing how the FRM/ERP designation will benefit your career/personal goals and objectives Faculty Applicants Completed FRM/ERP registration Completed 2011 Scholarship Application Proof of full-time employment status: Letter from supervisor confirming full-time employment Nominating letter from university official Current CV/Resume Brief one page letter describing how the FRM/ERP designation will benefit your career/personal goals and objectives

2011 GARP Scholarship Program