Scholarship Provides Money for College and Valuable Tips
Registered Iowa high school seniors receive emailed tips on planning and paying for college and a chance to earn one of 30 $2,000 college scholarships
Registration opens today for a scholarship that offers Iowa high school seniors a chance to receive one of 30 scholarships worth $2,000 for college while learning important financial literacy skills. In addition, each recipient's high school will receive a corresponding $250 award.
High school seniors may register for the Iowa Financial Know-How Challenge: Senior Scholarship at www.IowaStudentLoan.org/SeniorScholarship between now and Feb. 21. Iowa Student Loan® will award $2,000 scholarships to 30 students who complete two online financial literacy tutorials and score highest on a related assessment. Registered students also receive emails highlighting financial literacy tips, such as the importance of early career and college planning and ways to reduce student loan indebtedness.
After registering for the scholarship, students receive emailed instructions for completing the three required online components. The two tutorials — Student Loan Game Plan® and ROCI Reality Check — were developed by Iowa Student Loan to help students understand the consequences of college borrowing and discover how to maximize their return on college investment, or ROCI.
A related multiple choice assessment will check students' understanding of the concepts in the tutorials. The 30 high school seniors who score highest on the assessment test will each receive a $2,000 scholarship that will be sent directly to their colleges in fall 2020. If top-scoring students tie, those students will be asked to complete a separate component so that 30 final recipients can be determined.
Each scholarship recipient's high school will also receive a corresponding $250 award to be used toward scholarship and financial literacy programs.
"The knowledge I gained from completing the Iowa Student Loan modules and taking the quiz will help me immensely with my financial decisions in college," said Anthony Wagner, a recipient of the 2018–2019 Senior Scholarship and a 2019 graduate of Fort Dodge High School.
"This is one of our most important initiatives each year," Christine Hensley, Iowa Student Loan board chair, said. "The scholarship program introduces a large number of Iowa's college-bound students to valuable information about financing college and, even more important, how they can personally reduce their debt load to repay in the future."
"When students are high school seniors, suddenly the cost of college becomes real to them and their families," said Steve McCullough, CEO and president of Iowa Student Loan. "They often aren't sure where to turn or how to offset some of those costs. The tools highlighted through our scholarship program provide a path forward."
The Iowa Financial Know-How Challenge: Senior Scholarship is open to legal U.S. citizens who are seniors at an Iowa high school during the 2019–2020 school year and attend college in fall 2020. It is a no-purchase-required program, and full rules and details are available at www.IowaStudentLoan.org/SeniorScholarship.
Additional Resources Available
Iowa Student Loan also has additional resources for families planning for college and for students who intend to pursue advanced degrees. The Parent Handbook consists of valuable tips to help families of students in sixth through 12th grades prepare for success in college and other postsecondary options. The Grad Degree Gauge encourages students to make informed decisions about borrowing levels and their ability to repay new student loan debt when considering the pursuit of an advanced degree. Both tools are available free at www.IowaStudentLoan.org/SmartBorrowing.
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Christopher Weishaar, Digital PR Specialist, (515) 273-7102, firstname.lastname@example.org