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Scholarships, Awards, and Honors

The Department of Economics offers a number of scholarship opportunities and awards to outstanding undergraduate students. These scholarships and awards are made possible through generous contributions by alumni and friends. Follow the links provided below for detailed information and application forms.

Please use this Unified Application Form to apply for any or all of the departmental scholarships (Chizmar/Ostrosky, Ulmer, Elliot, Glasener, and Amdor).

Dr. John Chizmar and Dr. Anthony Ostrosky Undergraduate Scholarship

This scholarship was established to honor the exemplary careers of Dr. John (Jack) Chizmar and Dr. Anthony (Tony) Ostrosky as professors in the Department of Economics at Illinois State University.

Value of the award: $1,000 (minimum)

Eligibility: Economics majors with a minimum of 45 hours of academic credit at the time of application who will continue at ISU for at least one more academic year. Applicants should demonstrate strong academic achievement as evidenced by a cumulative grade point average of at least 3.0 on a 4.0 scale, along with a demonstration of financial need. Though a student may apply for the F. Russell Glasener-Economics Advisory Board Scholarship, the Scott M. Elliott Scholarship, and the Dr. John Chizmar-Dr. Anthony Ostrosky Scholarship, a student cannot be selected for the other two scholarships in the same academic year.

Application Deadline: March 25

Unified Application Form (Chizmar/Ostrosky, Ulmer, Elliot, Glasener, and Amdor)

Ron Ulmer Endowed Scholarship in Economics

Ron Ulmer writes, "The objective of the Ron Ulmer Scholarship is to provide students who may have only average grades and a passion for learning Economics the opportunity to receive a degree in Economics. Economics affords one the ability to have various great careers as well as make better decisions in all areas of life. When I was an instructor I always appreciated average students who had passion for learning and the willingness to work harder and put in more study time than the top students who with moderate effort could earn an A or B in most classes. I relate to the fighters and scrappers and 'late bloomers' in life, having been one."

Value of the award: $1,000 (minimum)

Eligibility: Applicants should be undergraduate economics majors who have 1) completed at least two semesters at ISU and demonstrated academic achievement, as evidenced by a cumulative GPA of at least 2.2 on a 4.0 scale, or 2) transferred to ISU with a cumulative GPA of at least 2.2 on a 4.0 scale in academic coursework at their previous institution. Recipients should also have demonstrated financial need.

Application Deadline: March 25

Unified Application Form (Chizmar/Ostrosky, Ulmer, Elliot, Glasener, and Amdor)

Scott M. Elliot Undergraduate Scholarships

Scott Elliott established a $250,000 endowment shared equally among the Departments of Economics, Philosophy, and Sociology-Anthropology to advance the mission and vision of each Department. Mr. Elliott received his bachelor's degree in Economics in 1985. The Scott Elliott Undergraduate Scholarship was established to provide support to a student in economics who has exhibited academic excellence.

Value of the award: $1,000 (minimum)

Eligibility: Economics majors with at least 75 hours of academic credit at the time of application. Applicants must also be enrolled for at least one semester following the semester in which they apply for the award. For instance, if a student applies in Spring 2020, s/he is eligible for this award even if they plan to graduate in December 2020. Preference will be given to applicants that have established an outstanding academic record. Though a student may apply for both the F. Russell Glasener-Economics Advisory Board Scholarship and the Scott M. Elliott Scholarship, a student cannot be selected for both scholarships in the same academic year.

Application Deadline: March 25

Unified Application Form (Chizmar/Ostrosky, Ulmer, Elliot, Glasener, and Amdor)

F. Russell Glasener - Economics Advisory Board Scholarships

F. Russell Glasener taught economics at ISU for almost a quarter century. He began his career at ISU in 1935, when the school was still known as Illinois State Normal University and retired in 1959. While at ISU, he served as the first Secretary-Treasurer of the University Foundation and helped to organize the University Council, serving as its President for two years. Professor Glasener's commitment to ISU and to economics education continued for almost three decades following retirement until his death in Bloomington in 1987 at the age of 96.

In his memory, the F. Russell Glasener-Economics Advisory Board Undergraduate Scholarship was established to provide support to a worthy student in economics. The Economics Advisory Board provided additional financial assistance in endowing this scholarship.

Value of the award: $1,000 (minimum)

Eligibility: Economics majors with between 75 and 90 hours of academic credit at the time of application. Preference will be given to applicants with a strong academic record. In addition, established financial needs will be viewed favorably. Though a student may apply for both the F. Russell Glasener-Economics Advisory Board Scholarship and the Scott M. Elliott Scholarship, a student cannot be selected for both scholarships in the same academic year.

Application Deadline: March 25

Unified Application Form (Chizmar/Ostrosky, Ulmer, Elliot, Glasener, and Amdor)

Deborah D. Amdor Endowed Scholarship

Deborah Amdor writes, "When I entered the college in 1968, I knew I wanted to work in the business world but did not want to be a Business Administration major. In my high school economics class, the theories and principles of economics seemed to apply so much to everyday life decisions and were based on common sense. At that time, the opportunity lost costs of a female getting a college degree outweighed the potential increased income. Fortunately, that has changed over the years."

Value of Award: at least $1,000, final amount determined by endowment performance

Eligibility:

  • Active participation in the Undergraduate Women in Economics student organization at Illinois State University
  • Accepted for enrollment or enrolled in good standing
  • Be a declared economics major
  • Preference is given to students from south of Interstate 80 in the state of Illinois
  • An overall cumulative GPA of 3.0
  • Demonstrated financial need

Unified Application Form (One form for the first five scholarships listed on this page)

Craig W. Reeser Scholarship in the Social Sciences