How the Loomer-Mortenson Scholarship Provides Educational and Financial Benefits

How the Loomer-Mortenson Scholarship Provides Educational and Financial Benefits

One day, Jessica Hopkinson hopes to work to reduce food insecurity in Alabama.

She is currently a senior at Auburn University majoring in global studies and human sciences with a minor in hunger studies.

Last year, Hopkinson applied for a Loomer-Mortenson Scholarship to help finance her education. Her father, William Hopkinson, CCAE, IFCCE, president of Valley Credit Service Incorporated in Charlottesville, Va., shared the scholarship opportunity with Jessica.

She received a $1,000 scholarship in 2017 and says the benefit of the program is twofold.

“I would recommend that other people apply for this scholarship because it is an excellent learning opportunity,” Hopkinson said. “Not only will the financial benefits help you in pursuing your education but [they provide] the chance to learn more about credit in America.”

Scholarship applicants are required to submit a two- to three-page essay on the value of consumer credit to our nation’s economy and are selected based on their cumulative grade-point average. Scholarship recipients must also enroll in at least 12 credit hours at an accredited college, university, vocational-technical college or community college within 12 months of winning the award.

The Loomer-Mortenson Scholarships are open to applicants like Hopkinson—the child of an employee at a company affiliated with the accounts receivable management industry—or current employees.

When she’s not in school, Hopkinson said she has worked at her father’s agency, mainly helping with credit reporting and process disputes.

ACA International encourages members, company managers and state unit leaders to share the Loomer-Mortenson Scholarship opportunity with their staff and colleagues or apply before the May 15, 2018 deadline. Sharing this message, and stories like Jessica Hopkinson’s, through your websites, newsletters, social media or internal email updates will help further the education of professionals in the industry and their families.

This year 35 scholarships totaling $50,000 will be awarded as the foundation continues its effort to help accounts receivable management industry employees and their children reach higher education goals.

The first-place prize is $10,000, followed by a $5,000 second-place award and a $3,000 third-place award. Thirty-two individuals will receive fourth-place scholarships totaling $1,000 each.

The scholarship program was created in the memory of ACA member Robert E. Loomer and ACA staff member Irvin “Dempsey” Mortenson.

Winners of the Loomer-Mortenson Scholarships will be announced at the ACA International 2018 Convention & Expo, held July 23-25 in Nashville.

Applications are due by May 15, 2018 and should be emailed to or mailed (postmarked no later than May 15, 2018) to:

ACA International Education Foundation

Loomer-Mortenson Scholarship Program

P.O. Box 390106

Minneapolis, MN 55439-0106

Are you a past recipient of a Loomer-Mortenson Scholarship? Share your stories with us at Attn: Katy Zillmer. For more information on the ACAEF Loomer-Mortenson Scholarship, call our Customer Care Department at 800-269-1607, email, or contact Kim Coghill, ACA’s vice president of communications, at 202-547-2673.

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