Registration Opens for College Scholarship Program
Scholarship Gives 30 Iowa High School Seniors Chance at $2,000,
Educates Them on College Borrowing and Personal Finance
Registration is open 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 $500 award.
High school seniors may register for the Iowa Financial Know-How Challenge: Senior Scholarship at www.IowaStudentLoan.org/SeniorScholarship between now and Feb. 16. 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 Plansm and the 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 2018. If top-scoring students tie, those students will be asked to write and be judged on a short essay so winners can be determined.
Each scholarship recipient’s high school will also receive a corresponding $500 award to be used toward scholarship and financial literacy programs.
“I’m incredibly grateful for Iowa Student Loan and the Financial Know-How Challenge Scholarship. The financial rewards as well as the skills I learned when applying will be a huge help to me … as I strive to pursue my dreams in a way that is financially responsible.”
— Ryan Wagner, a 2017 graduate of Fort Dodge High School and a recipient of the 2016–2017 scholarship
The Iowa Financial Know-How Challenge: Senior Scholarship is open to legal U.S. citizens who are residents of Iowa; are seniors at an Iowa high school during the 2017–2018 school year; and attend college in fall 2018. It is a no-purchase-required program, and full rules and details are available at www.IowaStudentLoan.org/SeniorScholarship.