Giveaway for Educational Costs Approaches End

Iowa Student Loan’s most recent award program is coming to a close soon. The College Funding Forecaster Giveaway allowed Iowa high school students and their parents or guardians to enter drawings for awards after completing the online tool College Funding Forecaster.

Nearly 500 eligible registrants were entered into weekly drawings for two $250 awards for educational expenses. Over the course of the giveaway, $5,000 in weekly prizes were distributed to the drawing winners who completed the required steps to claim the prize.

High school 2017 graduates and their parents or guardians were also eligible to be entered into the grand prize drawing for two $1,500 scholarships to be paid directly to the winning student’s college in fall 2017. More than 400 registrants were eligible for that drawing, which will be conducted by an independent third party at the end of June. Winners will be notified in July, and the results will be published on the Iowa Student Loan website.

This was the first year for this giveaway, which encouraged Iowa families with college-bound students to use the free College Funding Forecaster tool to estimate total out-of-pocket expenses for a four-year undergraduate degree.

All Iowa Student Loan’s scholarships and programs play an important role in educating Iowa students and families about college planning and financing and in providing financial resources to help offset college costs. So far, nearly 17,000 students, parents and guardians from across the state have registered to receive valuable information, and more than 200 recipients have received more than $300,000 in awards.

Mark your calendar for the upcoming Save Now, Save Later: College Savings Plan Parent Giveaway, which opens near the beginning of the 2017–2018 school year.

By: Iowa Student Loan