Scarborough Student Awarded Northwestern Mutual's Childhood Cancer Sibling Scholarship

Scholarship program created to ease financial stress, help students pursue college education

News provided by

Dec 21, 2020, 10:00 ET

SCARBOROUGH, Maine, Dec. 21, 2020 /PRNewswire/ -- The costly treatment associated with childhood cancer can lead to long-term financial challenges, including questions of how to afford higher education. Northwestern Mutual is committed to helping children and families affected by this disease achieve their college dreams. As part of these efforts, Scarborough resident Kristen Caldwell has been selected as a 2020 recipient through the company's Childhood Cancer Sibling Scholarship program.

The scholarship program was developed to alleviate the financial strain on families that often results from expensive cancer treatments by helping to fund school tuition and fees. Forty-three students, the largest cohort to date, have each been awarded a $5,000 renewable scholarship (for a total of $10,000) through this year's program.

Kristen's older sister, Megan, was diagnosed with stage four ovarian cancer in 2016. While it was difficult to watch her sister go through this painful journey, Kristen found a distraction in following the 2016 election, which ignited her passion for political science. Her political curiosity led her to take a particular interest in health care for cancer patients. Kristen is currently studying political science at George Washington University, and hopes to someday play a role in addressing the inequalities often found in affordable cancer treatment.

"My health care research has taught me that millions of families can't afford treatment to keep their loved ones alive," said Kristen. "I've decided that waking up every day with the ambition to change the laws of our nation that impact cancer patients is how I can honor all that my sister went through."

Since 2012, Northwestern Mutual's Childhood Cancer Program has focused on advancing childhood cancer research, providing family and patient support and serving as a resource to families managing the long-term effects of cancer treatment. With the support of Northwestern Mutual employees and financial advisors nationwide, the company has contributed more than $30 million and funded over 400,000 hours of research through the program.

Applications for the 2021 scholarship program are open now through Feb. 1, 2021. Selection results are expected by May 2021. To learn more and apply, visit:

About Northwestern Mutual Foundation
The mission of the Northwestern Mutual Foundation is to improve the lives of children and families in need. The Foundation has given more than $386 million since its inception in 1992 and is designed to create lasting impact in the communities where the company's employees and financial representatives live and work. We accomplish this by combining financial support, volunteerism, thought leadership and convening community partners to deliver the best outcomes. Our efforts are focused nationally on curing childhood cancer, and locally on education, neighborhoods and making our hometown of Milwaukee a great destination. Visit Northwestern Mutual Foundation to learn more.

About Northwestern Mutual
Northwestern Mutual has been helping people and businesses achieve financial security for more than 160 years. Through a holistic planning approach, Northwestern Mutual combines the expertise of its financial professionals with a personalized digital experience and industry-leading products to help its clients plan for what's most important. With $290.3 billion in total assets, $29.9 billion in revenues, and $1.9 trillion worth of life insurance protection in force, Northwestern Mutual delivers financial security to more than 4.6 million people with life, disability income and long-term care insurance, annuities, and brokerage and advisory services. The company manages more than $161 billion of investments owned by its clients and held or managed through its wealth management and investment services businesses. Northwestern Mutual ranks 102 on the 2020 FORTUNE 500 and is recognized by FORTUNE® as one of the "World's Most Admired" life insurance companies in 2020.

Northwestern Mutual is the marketing name for The Northwestern Mutual Life Insurance Company (NM)(life and disability insurance, annuities, and life insurance with long-term care benefits) and its subsidiaries in Milwaukee, WI. Subsidiaries include Northwestern Mutual Investment Services, LLC (investment brokerage services), broker-dealer, registered investment adviser, member FINRA and SIPC; the Northwestern Mutual Wealth Management Company® (investment advisory and trust services), a federal savings bank; and Northwestern Long Term Care Insurance Company.

SOURCE Northwestern Mutual