11 Students to Earn Scholarships Through the State Farm PSP Competition
ORLANDO, Fla. (March 18, 2025) — State Farm, in partnership with the UCF College of Business, announced recently the renewal of its grant for University of Central Florida students enrolled in the school’s national championship Professional Selling Program. Now, in its eighth year, State Farm has upped its grant to $15,000, which provides scholarships to the nationally-recognized program that prepares students to become leaders in all selling arenas.
“Scholarships provide an essential source of education funding for many of our students,” said Associate Lecturer of Marketing Bill Steiger, who leads the 11-time national champion PSP program. “The partnership with State Farm is both educational and an important financial benefit.”
State Farm will grant 11 scholarships to PSP students who will compete in the State Farm PSP Competition in the Fall. Each year, competitors are asked to develop a State Farm-centered plan, developing a comprehensive insurance plan for a fictitious family in a case study competition. The winner will receive a $4,000 grant with the next 10 finishers each receiving $1,000 grants.
“We wanted to help prepare students to be more life-integrated ready, so they can use those skills when those first paychecks start coming in and they can help others on this journey,” said State Farm agent Justin Bauknight. “So, we created a scholarship to challenge them. As part of the competition, students are asked a lot of questions regarding what should you do when you’re trying to reach your dreams and still meet all of your needs.”
The Professional Selling Program competes in multiple events every semester, including the Bayou Sales Challenge, USF Selling with the Bulls, National Collegiate Sales Competition, Robert Morris University Virtual Sales Challenge and the Global Bi-lingual Sales Competition. To learn more about UCF’s PSP, visit business.ucf.edu/professional-selling.
About UCF College of Business
Established in 1968, the UCF College of Business offers degrees at the bachelor’s, master’s, doctoral and executive levels. All programs, as well as the Kenneth G. Dixon School of Accounting, are accredited by the Association to Advance Collegiate Schools of Business— AACSB International. The college provides high-quality academic programs designed to give students a competitive advantage in the world of business now and in the future. Learn more at business.ucf.edu.
About State Farm
For over 100 years, the mission of State Farm has been to help people manage the risks of everyday life, recover from the unexpected and realize their dreams. State Farm and its affiliates are the largest providers of auto and home insurance in the United States. Its more than 19,400 agents and 67,000 employees serve over 91 million policies and accounts – including auto, fire, life, health, commercial policies and financial services accounts. Commercial auto insurance, along with coverage for renters, business owners, boats and motorcycles, is also available. State Farm Mutual Automobile Insurance Company is the parent of the State Farm family of companies. State Farm is ranked No. 39 on the 2024 Fortune 500 list of largest companies. For more information, please visit http://www.statefarm.com