|It’s National Scholarship Month – so what better time than now to share keen insights into the scholarship search process! Just follow these tidbits below for better scholarship applications, essays and chances.|
The Average Student Loan Debt is $23,200—What’s Your Plan to Pay?
On average, students who graduate with a bachelor’s degree borrow $23,200 in federal student loans. This requires a payment of $267 every month for 10 years on the standard repayment plan. But did you know that there are other repayment options?
Join the Great Lakes webinar “Student Loan Repayment—Everything You Need to Know” on December 7 at 3:00 p.m. Central time or December 9 at 1:00 p.m. Central time. If your student loan payments are right around the corner, attend this event to learn what happens next, how to manage repayment, and who to call for help. When you leave this event you’ll learn how to keep track of your loans, how to choose a repayment plan that fits your situation and budget, and who to contact when you need assistance.
GE-Reagan Foundation Scholars candidates must:
•demonstrate exemplary leadership, drive, integrity, and citizenship at school, at home, at the workplace, and within the community;
•be nominated by an eligible community leader, such as a high school principal, elected official or executive director of a nonprofit organization;
•be recommended by an authority figure, such as a student activity advisor, community service coordinator, coach, employer, teacher, counselor or religious leader;
•demonstrate strong academic performance (3.0 or greater GPA or equivalent);
•demonstrate financial need;
•be a citizen of the United States of America;
•graduate from high school in Winter 2011 or Spring 2012; and
•use scholarship funds for student tuition, room, and board while pursuing a bachelor’s degree at an accredited U.S. college or university in Fall 2012.
There are 20 awards of $10,000 and the award can be renewed yearly for a total of $40,000 for a student.