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Scholarship Eligibility & Guidlines
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STAC Fund Scholarship Guidelines

The Security Traders Association of Chicago has established a charitable fund to provide scholarship opportunities for a student that meets the eligibility requirements listed below. While STAC members, their spouses and/or their dependent children are eligible, relationship to a STAC member is not required to apply. The number of scholarships and the amount of each scholarship will be determined annually. Scholarships are non-renewable.


In 2019, the STAC Fund awarded 7 students a total of $39k. This year’s scholarship fund has up to $50k to award! We’re excited to introduce the $10K Michael J Guzy III Memorial Award honoring one student hockey athlete. Remaining scholarships will be awarded in  amounts ranging from $2,500 to $5,000.

Completed applications and all supporting documents must be submitted online through the STAC website or via email to with subject: 2020 STAC Fund Scholarship Application.

Application material is confidential, and selections are made by the STAC Fund Scholarship selection committee.


Awardees are requested to join a live stream on STAC’s social media presenting the winners on an undetermined, Summer 2020 date.


Eligibility Requirements:


The candidate must be enrolled in a two- or four-year college, accredited by its regional accrediting association, as a full-time student, or enrolled in a minimum of two classes (six hours) if the candidate is employe full time.

The candidate must pursue a college or professional degree. High school seniors are eligible and encouraged to apply. 

The candidate must have achieved a minimum cumulative 3.0 grade point average on a 4.0 scale (or the equivalent).


Selection Criteria:

1.     Candidate's academic record based on transcripts; merit-based

2.     Candidate’s demonstrated financial need based on most recent tax return and annual household income; needs-based*

3.     Involvement in school and community activities, and/or work experience

4.     Quality of essay

5.     Priority given to applicants residing within 50 miles from Chicago, either with permanent residence or residence at respective college or university

*See Application Form below or detailed STAC Fund Scholarship Rules and Guidelines for criteria required to be eligible for a needs-based scholarship.


Application Process:

The application is electronic and available below. A complete application will include:


1.    The completed and digitally signed application form


2.    An essay describing your career goals and how your educational plans relate to those goals


3.    A resume listing work experience and/or a list of school and community activities


4.    Two letters of recommendation: one from an instructor and one from a supervisor, employer, or clergy member


5. An official, cumulative transcript of academic work through the Fall term; For current college students, a PDF from a secure college website is acceptable



Evaluation of Applications

The STAC Fund Board is responsible for the selection of awardees.

Quantity of scholarship recipients is dependent on quantity of applications received and will be determined by the STAC Fund Board. Scholarship dollars awarded will be determined on a 50/30/20 rule.

Apart from the Michael J Guzy III Memorial Scholarship, the remaining scholarship dollars will be allocated as follows:

50% Needs-Based

30% Merit-Based

20% STAC Community Member or Relative

Completed applications and all supporting documents must be submitted online through the STAC website or via email to with subject: 2020 STAC Fund Scholarship Application.


2020 Award Timeline

June 15  All applications have been submitted in completed format to be considered 
 July 15  All candidates will be notified of their status by the STAC Fund Board
 July 20  Awardees have communicated written acceptance, short bio, and headshot
 July 24  Scholarship check will be printed and mailed directly to recipient's college

To view the full STAC Fund Scholarship rules and guidelines, click here.




Two Letters of Recommendation: One from an instructor; One from a supervisor, employer, or clergy member. The recommender may either return the completed letter for you to upload OR they may submit it via email to with subject line: "[Student Name] - 2020 Scholarship Letter of Recommendation". It is your responsibility to ensure that the recommendations are submitted by the postmark deadline.

1512 N. Fremont St, Suite 104   Chicago, IL 60642