2013 National Scholarships
The National Scholarship Foundation was established to provide financial assistance to business credit professionals striving to continue their education. Funds are gathered from generous donations from the NACM community, as well as from a Silent Auction and other special functions hosted at the annual Credit Congress. These funds will afford many people the opportunity to continue investing in the future of our profession.
This year, we are pleased to announce that funds are available for four scholarship classes:
- Credit Management Studies Scholarship (CMSS) or Empowerment Scholarship
- Executive Endowment Scholarship (EES) or Enrichment Scholarship
- Professional Advancement Scholarship (PAS) or GSCFM Scholarship
- Strength in Numbers Scholarship (SNS)
Each category provides an opportunity for credit professionals at different stages in their careers to obtain a scholarship for programs specific to their experience. Potential applicants should closely review the Criteria and Guidelines for each to decide which best applies to their background or situation.
Credit Management Studies Scholarship (CMSS)
or Empowerment Scholarship
CMSS Applicant Criteria and Guidelines
CMSS applicants will fall into this scholarship category if they are new to the credit profession and are trying to make a career of what could only be a job. These individuals, without financial assistance, would not be able to continue their education and do not receive support from their employers
- Applicants will have been in credit for a limited period of time, seven or less years, OR
- Have no participation in the credit community and more than seven years of service in the credit profession AND
- Complete the application with emphasis on statement of need and proposed use.
- Choose one educational program to which the scholarship would apply from the list accompanying the CMSS application.
- Applicants can not receive a scholarship in the same category two years in a row.
Important note: Please read the Application Process and Redemption of Scholarships sections at the bottom of this page before submitting your scholarship application.
CMSS Application: Download Application | CMSS Eligible Program Categories
Executive Endowment Scholarship (EES)
or Enrichment Scholarship
EES Applicant Criteria and Guidelines
The EES acknowledges the more senior level members of the credit community. The focus is on enriching an education and career, recognizing previous participation and validating the commitment of NACM to support professional growth. These individuals, without financial assistance, would not be able to continue their education and may not receive full support from their employers. Scholarship recipients receive $100 toward a qualified program or event.
- Applicants will have been in credit for eight or more years and have been active within the business credit community.
- Complete the application with emphasis on membership history, education, industry participation and professional contributions.
- Choose one educational program (category) to which the scholarship would apply from the list below.
- Applicants can not receive an EES scholarship in consecutive (back to back) years.
Important note: Please read the Application Process and Redemption of Scholarships sections at the bottom of this page before submitting your scholarship application.
EES Application: Download Application | EES Eligible Program Categories
Professional Advancement Scholarship (PAS)
or GSCFM Scholarship
PAS applicants are those wishing to attend the Graduate School of Credit and Financial Management (GSCFM). Applicants must be potential first-year students who meet all GSCFM entry standards and are committed to the rigorous educational studies expected of its participants. Recipients must attend the full two-year program. Scholarship amounts will be determined based on need and availability of funds.
- Applicants must be potential first-year students.
- Must meet all GSCFM entry standards.
- Complete the Request for Application form.
Important note: Please read the Application Process and Redemption of Scholarships sections at the bottom of this page before submitting your scholarship application.
PAS Application: Download Application
Strength in Numbers Scholarship (SNS)
Strength in Numbers Scholarships are designed to assist credit professionals who are unemployed (at time of program) or receive no funding from their employer or alternative organizations. These scholarships are not included in the annual scholarship application process but given upon special request throughout the year. Requests in writing, using the scholarship application, must be made within 60 days of the start of the program. Eligible programs are designated at the bottom of this page (see SNS Eligible Categories). The Scholarship Foundation will review a Strength in Numbers Scholarship application to determine eligibility based on need and availability of funds. Scholarship eligibility and funding amount are at the sole discretion of the NACM Scholarship Foundation, Inc.
Important note: Please read the Application Process and Redemption of Scholarships sections at the bottom of this page before submitting your scholarship application.
SNS Application: Download Application | SNS Eligible Program Categories
Application Policies & Procedures
Awards will be judged only on the information supplied, so please be as thorough as possible with applicable information. Should a person apply for one of the above scholarships for which they do not meet the application criteria, the Scoring Panel reserves the right to transfer their application to another, more applicable scholarship class. Applicants will choose only one category (program, meeting, event, course, etc.) for which they wish to apply. Scholarship recipients are responsible for their own travel and housing expenses should they be necessary.
Recipients must complete the appropriate evaluation form in full after the event. Recipients of a CMSS are not eligible to receive a scholarship from the NACM Scholarship Foundation in the same category in two consecutive years. EES recipients are not eligible to receive a scholarship from the NACM Scholarship Foundation in two consecutive years. For Strength in Numbers Scholarships, recipients must wait one full program year before applying for another scholarship. For all scholarships, greater consideration will be given to first-time applicants. Applications for the CMSS and EES are being accepted from December 1, 2012 through January 18, 2013.
Applications received after their applicable deadline will not be reviewed. Handwritten applications will not be accepted. Applications are completed and submitted online only. CMSS and EES applicants will be notified if they have been chosen to receive a scholarship in February 2013.
Redemption of Scholarships
For both the CMSS and the EES, scholarship funds may only be applied toward the program or event for which the money was designated. Funds over the actual amount of the program, event or item are non-refundable, non-transferable in any way and hold no cash value. Recipients will receive notification confirming their award, including correspondence that will describe how the scholarship may be redeemed.
All scholarship awards are valid for specific programs or events and have applicable expiration dates. Scholarships not used within their specified time frame will be forfeited. A scholarship may not be applied retroactively—to an event that you have already registered/applied for, have already attended or for an item you have already ordered. For information on how the funds for a scholarship are applied (reimbursement vs. deduction from registration fee, receipts required, continuing education records, etc.), please call our office for details (410-740-5560).
Please note that the NACM Scholarship Foundation reserves the right to request evidence of a recipient’s attendance at a program’s educational sessions in order to be acknowledged for their award. Evidence includes a certificate of completion, a validated continuing education unit earnings record, grade reports, etc.
CMSS Eligible Categories
$300 Scholarships
- NACM-National Online Course: Accounting, Business Law or Credit Law
- NACM-National Credit Learning Center: Business Credit Principles Course, Financial Statement Analysis I Course, Introduction to Commercial Collections Certificate or Introduction to Commercial Bankruptcy Specialty Certificate
2013 NACM Family of Organizations Conferences
Excludes National Credit Congress. Includes select events by NACM, CFDD, FCIB and Affiliate-hosted regional conferences as specified below:
- NACM All-South, Central, Eastern or Western Region Conference
- CFDD National Conference
- FCIB Global Conference
- NACM-Canada Annual Credit Conference & Expo
$650 Scholarships
- NACM-National 2013 Credit Congress (NACM will honor the Special registration rate for all applicants since award decisions are not released until February.)
- NACM-National In-house Certificate Session Cours
EES Eligible Categories
$100 Scholarships
- NACM-National 2013 Credit Congress (NACM will honor the Special registration rate for all applicants since award decisions are not released until February.)
- FCIB FX Online Course Registration
2013 NACM Family of Organizations Conferences
Includes select events by NACM, CFDD, FCIB and Affiliate-hosted regional conferences as specified below:
- NACM All-South, Central, Eastern or Western Region Conference
- CFDD National Conference
- FCIB Global Conference
- FCIB International Round Table
- FCIB International Credit Executives (I.C.E.) Conference
SNS Eligible Categories
Scholarship amounts are discretionary and dependant upon availability.
- NACM-National 2013 Credit Congress (NACM will honor the Special registration rate for all applicants since award decisions are not released until February.)
- NACM-National In-house Certificate Session Course
- NACM-National Online Course: Accounting, Business Law or Credit Law
- NACM-National Credit Learning Center: Business Credit Principles Course, Financial Statement Analysis I Course, Introduction to Commercial Collections Certificate or Introduction to Commercial Bankruptcy Specialty Certificate
2013 NACM Family of Organizations Conferences
Includes select events by NACM, CFDD, FCIB and Affiliate-hosted regional conferences as specified below:
- NACM All-South, Central, Eastern or Western Region Conference
- CFDD National Conference
- FCIB Global Conference
- FCIB International Round Table
- FCIB International Credit Executives (I.C.E.) Conference
