The Kaplan Group Annual Scholarship

Schol­ar­ship Details:

For over 20 years, The Kaplan Group has had exten­sive expe­ri­ence solv­ing prob­lems and nego­ti­at­ing B2B trans­ac­tions for clients large and small. Now, we want to give back. We see value in con­tin­u­ous edu­ca­tion and help­ing stu­dents grow.

Because of this, The Kaplan Group is offer­ing a $1,000 schol­ar­ship to any under­grad­u­ate or grad­u­ate stu­dent pur­su­ing a busi­ness or law-oriented degree program.

  • Dead­line for Entry: Sun­day, July 27, 2014
  • Schol­ar­ship Award Date: Mon­day, August 11, 2014
  • Num­ber of Win­ners Selected: 1
  • Min­i­mum GPA Require­ment: 2.50
  • Eli­gi­ble Fields of Study: MBA, Finance, Account­ing, Law, Man­age­ment, Entre­pre­neur­ship, Eco­nom­ics, Busi­ness Administration.
  • Eli­gi­ble Schools: Any accred­ited uni­ver­sity in the U.S.

Appli­ca­tion Instructions:

Please choose one of the two essays below to com­plete for the application.

Sub­mit your essay as a PDF with a title page includ­ing the fol­low­ing information:

  • Name
  • School
  • Field of Study
  • Year of School
  • Phone Num­ber
  • Email Address
  • Name your essay file as follows:
    • lastname-firstname-essay-1.pdf (for essay #1)
    • lastname-firstname-essay-2.pdf (for essay #2)

Email your appli­ca­tion to scholarship@kaplancollectionagency.com

Com­plete the short sur­vey linked here (sur­vey is required but not used in the schol­ar­ship deci­sion process).


Essay Top­ics

Topic 1 — Finan­cial State­ments & Busi­ness Models

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 our 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?

Cus­tomers are the lifeblood of every busi­ness. 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?

As a B2B col­lec­tion agency, The Kaplan Group sees these sit­u­a­tions daily. Unfor­tu­nately, the alter­na­tive of going to court needs to be con­sid­ered in many of the claims placed with our col­lec­tion agency. Often times these neglected invoices can be col­lected with­out rely­ing on the legal process, but unfor­tu­nately some of our clients even­tu­ally face the deci­sion of whether or not to sue a cus­tomer that is long past due on payments.

To address this type of sit­u­a­tion, we cre­ated a flow­chart that answers the ques­tion: “Should you sue your cus­tomer?

Please review the flow­chart and write 600 words telling us each of the following:

  • 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.