ORLANDO, Fla. (Oct. 3, 2023) – The UCF College of Business is proud to announce State Farm has renewed its funding of scholarships for students in the national championship-winning Professional Selling Program (PSP) who compete in the program’s sales competitions.

“The faculty at UCF’s College of Business never ceases to amaze us,” State Farm Agent Justin Bauknight said. “They understand our passion and work tirelessly to give us the opportunity to inspire the next generation with our mission. We believe the best way to realize your dreams is to first help others realize their own, and UCF has provided an incredible outlet to share this message.”

State Farm PSP Awardees
State Farm Agents and Professional Selling Program (PSP) students pose for a photo. The five students won scholarships from State Farm.


State Farm has been a continual sponsor of the program, entering their 6th year providing scholarships to the competition’s winners.

The PSP is a nationally-recognized program that aims to prepare its students to become future sales leaders in all selling arenas. The program has won nine national championships in its history, including most recently in the Spring.

“Scholarships provide an essential source of education funding for many of our students,” Associate Lecturer of Marketing; Instructor & Coordinator, Professional Selling Program Bill Steiger said. “The partnership with State Farm is both educational and an important financial benefit.”

Last month, State Farm granted scholarships to five PSP students who were selected from the cohort of 53 students who were asked to determine what State Farm products would best meet a hypothetical client’s needs. Students recorded their pitch recommending how they would educate their client on how State Farm could best fit their needs. Bryan Bacallao (Senior, Marketing) earned a $2,000 scholarship while Veronica Batini (Senior Integrated Business), Max Calnan (Senior, Finance), Madeleine Hanewich (Senior, Marketing), Hunter Montgomery (Senior, Marketing) and Gabriel Shore (Senior, Integrated Business) each earned a $1,500 scholarship thanks to State Farm.

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 100 years, the mission of State Farm has been and continues to be to help people manage 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 approximately 61,764 employees serve over 91 million policies and accounts – which includes life, health, commercial policies and financial services accounts. Commercial auto insurance, along with coverage for renters, business owners, boats and motorcycles, is available. State Farm Mutual Automobile Insurance Company is the parent of the State Farm family of companies. State Farm is ranked No. 44 on the 2023 Fortune 500 list of largest companies. For more information, please visit www.statefarm.com.