Scholarships For Our Extended Family

We’re exceptionally grateful for our amazing employees. That’s why we also support the success of future generations, through a range of scholarships for children and families of our team.

National Merit Scholarships 

National Merit Scholarships sponsored by The Principal are available for dependents of employees who are program finalists. The program is a renewable scholarship offering up to $1,000 per year for four years. Apply now

The Phyllis R. Johnson Scholarship 

Dependents or relatives of an employee of The Principal who are incoming freshmen at the University of Iowa are eligible to receive an $800 scholarship in memory of Phyllis R. Johnson.

Qualifications

  • Be a relative of a Principal Financial Group employee (dependent child, grandchild, niece or nephew). Please note: dependents of agents and dependents of executives (vice president and above) of The Principal are not eligible.
  • Demonstrate a financial need
  • Be an incoming freshman at the University of Iowa. Transfer students are not eligible.

Scholarship details

The scholarship is $800 and can be renewable by applying each year, for a total of four years, if:

  • The student maintains at least a 3.0 cumulative grade point average
  • The student continues to meet financial need requirements
  • The student remains enrolled full-time
  • The parent or relative remains employed at The Principal

How to apply

By April 1, interested students must:

Questions

For more information, call the university's main toll-free number at 800-553-4692 and ask for Student Financial Aid, or call the office directly at 319-335-1450.

The Principal Edge Scholarship for Excellence 

The Principal Edge Scholarship for Excellence rewards dependents under age 25 of part-time and full-time employees (with at least one year of employment as of the application deadline) in majority-owned U.S. and international offices and locations.

Qualifications

To qualify for this scholarship, applicants must:

  • Be a dependent, under the age of 25, of a Principal Financial Group employee who:
    • Works a minimum of 20 hours per week
    • Has a minimum of one year of employment with the Principal Financial Group as of the application deadline
    • Dependents of agents or executives (vice president and above) of The Principal are not eligible.
  • Be a U.S. high school senior or graduate who plans to enroll or already is enrolled in a full time undergraduate course of study at an accredited two or four year college or university, or vocational-technical school for the entire upcoming academic year.
  • Be an international student in the final year of secondary school or secondary school graduate who plans to enroll or who is already enrolled in full time undergraduate university level studies for the entire upcoming academic year.
  • Have at least a 3.0 GPA or the equivalent.

Scholarship details

  • This is a one-time scholarship; however applicants will be allowed to reapply each year.
  • Each award is $2,500.
  • Up to 20 scholarships are awarded.
  • The award checks will be issued in U.S. currency.
  • In order for the dependent to receive the award, The Principal employee must be a current employee on the date the award is issued to their dependent.

How to apply

  • Download and complete the application.
  • Applications will be accepted beginning February 13 and must be submitted by March 30 for a scholarship for the following academic year.
  • Transcripts are required for eligibility and must be postmarked by March 30.

Questions

Questions regarding the scholarship program should be addressed to:

The Principal Edge Scholarship for Excellence
Scholarship Management Services 
One Scholarship Way
Saint Peter, MN. 56082 
(507) 931-1682