IHMVCU to award $30K in scholarships with $10K as top prize
IHMVCU wants to help students reduce their student loan debt by offering a $10,000 scholarship to an undergraduate, graduate or vocational/technical school student who stands out in the class room and stands up in their community.
According to Student Loan Hero, Americans own more than $1.48 trillion in student loan debt. The average Class of 2017 college graduate has $39,400 in student loan debt, up six percent from 2016. Assuming another increase of six percent for 2018, we can expect that class’s average student to have nearly $42,000 in debt.
“Scholarships are a worthy investment,” says Brian Laufenberg, IHMVCU President & CEO. “When we invest in a student’s education, it’s more than just a benefit for the student. It’s a benefit for the individuals who’ll be helped by them. It’s a benefit for the organizations that hire them. It’s a benefit for the communities where they’ll live.”
Since 1999, IHMVCU has invested nearly $300,000 in scholarships for 256 students.
Additional awards include three $5,000 scholarships, one $1,000 scholarships and eight $500 scholarships totaling $30,000. Applications are due by 5 p.m. on Fri., Mar. 1.
Full details can be found at IHMVCU.org/Scholarships.