Thursday, November 01, 2007

COLLEGE SCHOLARSHIP PROGRAM FOR CHILDREN OF FEDERAL EMPLOYEES EXPANDED

COLLEGE SCHOLARSHIP PROGRAM FOR CHILDREN OF FEDERAL EMPLOYEES EXPANDED

WAEPA, a non-profit association founded in 1943, has just announced a
significant expansion of its college scholarship program. For the
2008-2009 academic year, the following scholarship awards have been
established:

* $4,000 Scholarship -- One award, renewable up to three years.
(Total value equals $16,000)

* $3,000 Scholarship -- Three awards, renewable up to two years.
(Total value equals $9,000 per award)

* $2,000 Scholarship -- Six awards, renewable up to one year.
(Total value equals $4,000 per award)

* $1,000 Scholarship -- Forty awards.

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To learn more about WAEPA visit
http://fedweek.sparklist.com/t/295520807/226302/303/0/
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Plus, in recognition that 2008 will mark WAEPA's 65th anniversary,
fifteen additional $1,000 awards have been added. As a result, there
will be a total of sixty-five scholarships available for the 2008-2009
academic year.

"We introduced the WAEPA Scholarship program last year and the results
were phenomenal -- the response was tremendous and the quality of
applicants was exceptional," said John Seal, President of WAEPA.
"Since there were so many deserving students, the Board of Directors
decided to increase the number of scholarships for the second year of
the program."

All applicants are evaluated by an independent firm on the basis of
academic record, demonstrated leadership in school, community, or
volunteer activities, honors, work experience, goals and aspirations,
unusual personal or family circumstances, and an outside appraisal.
Only children of WAEPA life policyholders are eligible for the WAEPA
Scholarship Program.


ABOUT WAEPA
-----------
WAEPA is a non-profit association that provides life insurance to
civilian federal employees and their families. Over 40,000 members now
belong to WAEPA, and life insurance in-force exceeds $8.3 billion. WAEPA
is governed by a Board of Directors composed of senior career executives
of the U.S.
government who serve on a voluntary non-paid basis.

In addition, WAEPA has also established a premium refund policy. Since
1996 WAEPA has granted eleven premium refunds, which has resulted in
WAEPA members receiving over $33 million in premium refunds. This past
September WAEPA refunded over $5.3 million in returned premiums to its
members.

WAEPA enables federal employees, and their families, to purchase better
life insurance at far better prices. As a superior alternative, or
supplement to FEGLI, WAEPA gives its members more coverage, more
benefits, and greater
flexibility- yet costs much less. WAEPA currently protects over 40,000
federal employees and their families with over $8.3 billion of life
insurance coverage.

WAEPA is located in Falls Church, Virginia, just outside of Washington
DC.
To learn more about WAEPA visit
http://fedweek.sparklist.com/t/295520807/226302/303/0/,
or call 1-800-368-3484.


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