Giving Back

Ted Farrell Memorial Scholarship

The Mortgage Education Foundation is proud to host the Ted Farrell Memorial Scholarships for over 15 years and we are working hard to raise money for 2014 to assist as many students as we are able to honor in Ted's memory. Ted was committed to leadership and education and was an excellent teacher for the MEF. In remembrance of his dedication and hard work, we want to recognize deserving students and give them an opportunity to pursue their education and careers. We remain proud to have awarded praiseworthy students thousands of dollars in scholarships over the many years. If selected each student will receive a scholarship of $500.00.

Eligibility for Scholarship

  1. Scholarship Applicants must be a relative (son, daughter, grandchild, niece, nephew) of someone that is a member of the Illinois Association of Mortgage Professionals.
  2. Applicants Must Be In Their Senior Year Of High School To Apply.
  3. Applicants Must Be Illinois Residents.
  4. The Applicant Must Have Achieved A Minimum GPA of a B Average or better.

Scholarship Facts

  1. MEF Scholarships Are Awarded Based On Scholastic Achievement, Extracurricular Activities, Educational And Career Goals for the Future.
  2. The Scholarship Is To Be Applied Toward Tuition, Housing, Fees, Or Books.
  3. Selection Of The Winners Will Completed By A Special Committee Of The Foundation And The Awarding Of The Scholarships Will Be At The Scholarship Awards Banquet For Family And Friends With A Date And Location To Be Announced In 2014.

Applicant's Responsibilities:

  1. Direct all questions and high school transcripts to:
    Ted Farrell Memorial Scholarship Committee
    Mortgage Education Foundation
    350 W. 22nd St. #104
    Lombard, IL 60148
    Phone Number: (630) 916-7720
    Fax Number: (630) 396-3501
    E-Mail:
  2. The Ted Farrell Scholarship Will Return 2014.