For over 20 years, The Kaplan Group, a commercial collection agency, has had extensive experience solving problems and negotiating B2B transactions for clients large and small. Their debt collectors have 10+ years of experience each, and many have advanced degrees. Knowing the value of continuous education, The Kaplan Group offers an annual scholarship opportunity for college students.
The $1,000 Kaplan Group Scholarship is available to an undergraduate or graduate student pursuing a business or law-oriented degree program at any accredited 2- or 4-year college or university in the USA. Eligible fields of study include: Accounting, Law, Management, Entrepreneurship, Economics, Finance, Business Administration, MBA.
Applicants for the Kaplan Group Scholarship must choose one of three essay topics to write about, and also complete a short survey (required but not used in the scholarship decision process). Complete details and submission instructions can be found at https://www.kaplancollectionagency.com/scholarship. Two of the essay questions are just like something you’d be asked in business school, as shown below, while the third one is a more general topic.
Topic 1 – Financial Statements & Business Models (600 words)
Understanding how to view and analyze a financial statement is one of the most fundamental skills necessary to succeed in business. In 600 words, please tell us about a past business you have worked for and which financial statement you think is the most important to their business and why. (Feel free to refer to Kaplan’s Introduction to Financial Statement Analysis modules if you need to learn more or brush up on your financial statement basics.)
Topic 2 – Should You Sue Your Customer? (600 words)
We work day after day to find, attract, and retain our customers. But what happens when the customer does not pay and you get stiffed with the bill? Often times these neglected invoices can be collected without relying on the legal process, but unfortunately some must eventually face the decision of whether or not to sue a customer that is long past due on payments. Please review the flowchart: “Should you sue your customer?” and write about:
- One situation where you SHOULD sue your customer.
- One situation where you SHOULD NOT sue your customer.
In each scenario, explain what major factors you considered when determining whether or not to pursue a lawsuit. Be creative – simply repeating what is in the flowchart will not result in a winning essay.
Topic 3 – Tell Us About A Personal Finance Experience (600 words)
Successfully managing your personal finances can be key to a happy and successful life. Most of us have been challenged financially sometime during our lives. By sharing your story, we hope to be able to share tools that can help when our finances get out of control. Tell us about an experience in your life where you had to manage or learn how to manage your personal finances. What software or apps did you use? How did you use them? What did you do to keep or get your finances under control?
Applications for The Kaplan Group scholarship are due by August 12, 2018.
For full details and submission instructions, please go to: https://www.kaplancollectionagency.com/scholarship