Iowa high school seniors have a chance to receive much-needed funds for college while learning ways to reduce college loan debt through a program offering $1,000 scholarships.
Iowa high school seniors may register for the Iowa Financial Know-How Challenge: Senior Scholarship at www.IowaStudentLoan.org/Know-How between now and March 31. Once registered, students receive instructions via email on completing two online modules. Scholarship recipients are determined by monthly random drawings among students who have completed the modules.
The two modules, Student Loan Game Plan and the Return on College Investment tool, are designed to help students and families determine maximum recommended levels of student loan debt and find ways to minimize the debt they need to repay.
“The Financial Know-How Challenge was a fantastic experience for me,” said Trey Jungers of Newell, “because I felt that I was able to learn many strategies to make college more affordable and reduce my risk of accumulating student debt.” Jungers, one of last year’s scholarship recipients, added, “I am beyond grateful that I was made aware of this scholarship because it honestly is a great opportunity that every senior should know about before they begin their college journey.”
Registered participants also receive emailed tips about planning and paying for college, as well as more general financial literacy tips, throughout the registration period. Once registered, students have until 4 p.m. (Central time) on March 31 to complete the required steps, which should take less than an hour in total, organizers say. Completing the steps earlier allows students to be entered in more monthly drawings.
Awards will be sent directly to the recipients’ colleges and universities in fall 2023 to be applied to college expenses.
“All Iowa high school seniors who plan to attend college should consider spending some time to register and qualify for the drawings,” said Christine Hensley, board chair for Iowa Student Loan Liquidity Corporation, which sponsors the scholarship and provides education loans under the name ISL Education Lending. “We are pleased to be able to provide scholarships to 50 students, but all students who participate receive valuable information that can help them save more than the $1,000 award.”
“This scholarship program is one of the resources we offer to families as part of our nonprofit purpose,” said Steve McCullough, president and CEO. “We are committed to helping families with resources for education after high school.”
The two modules used to qualify for the scholarship are always available to the public at www.IowaStudentLoan.org. In addition, families can visit the website for additional resources and to sign up for other services, like the parent email service Student Planning Pointers for Parents.
The Iowa Financial Know-How Challenge: Senior Scholarship is open to legal U.S. residents who are seniors at an Iowa high school during the 2022–2023 academic year and plan to attend college in fall 2023. No purchase is required to enter. Full rules, details and an up-to-date list of award winners so far are available at www.IowaStudentLoan.org/ Know-How.
About Iowa Student Loan Liquidity Corporation
Established in 1979 as a private, nonprofit organization, Iowa Student Loan Liquidity Corporation helps Iowa students and families obtain the resources necessary to succeed in postsecondary education. ISL has helped nearly 400,000 students pay for college, offering educational loans and other products under the name ISL Education Lending. The organization, based in West Des Moines, Iowa, also provides an array of borrower benefits, financial literacy tools and community reinvestment programs, including support for free college planning services for students and their families. For more information about Iowa Student Loan Liquidity Corporation, visit www.IowaStudentLoan. org.
Source link
