Category: Financial Prep

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Financial Aid: Making College Dreams Come True

Ahh, college: for many, it’s the starting place of living out the American dream. A place where “adulting” truly begins, goals are achieved, and degrees are earned. A place where many young adults go to to really figure out what they want to be when they grow up. Unfortunately, it’s also, for many, a place where debt is incurred. College dreams can quickly come crashing down as students face the reality of ramen noodles, mac & cheese, and plasma donations. The cost of attending college is no joke. 

It’s no secret that the cost of tuition has increased over the years, sometimes inflating faster and steeper than the cost of living. This means that student debt is rising, and it’s hard to keep up. The average yearly tuition for college in the 1960s hovered around $250 for a public college. Today, yearly tuition for a public college averages over $10,000. Yikes! Talk about an increase!

Even though the price is steep, colleges are still attracting students who are eager to learn and prepare for their future. Of the thousands of students enrolled in colleges across the country, there is a very small percentage that can pay for their tuition, books, fees, and living expenses from their own bank accounts. Because of this, students must rely on outside sources for funding. 

The world of financial aid can be a bit overwhelming to navigate. Today I’ll break it down and explain the different kinds of aid that are available to students who need help paying for college expenses. We’ll group them into two categories: those that require repayment and those that don’t. 

Financial Aid- Repayment Required

Loans: A student loan is money borrowed for the purpose of paying for the costs of attending college. Loans must be repaid, and typically include interest. Most student loans do not require payback to begin until after the student has graduated or otherwise stopped attending the college. Many loans meant for students have an option to do income-based repayment plans, where the monthly payment amount is determined by how much money the student is bringing in each month. 

Some loans will offer loan forgiveness if the student obtains a job in a specific career and maintains employment for a set period of time, while also making payments toward their loan balance during the duration of the years of work set by their loan terms. 

Financial Aid- No Repayment Required

Grants: Grants are most often based on financial need. The most common type of grant is a PELL Grant, offered by the government. Students qualify for this kind of grant if they fill out the necessary forms and are found to have the greatest financial need. There are usually stipulations attached to the grant, such as maintaining a certain GPA, attendance requirements, and so on. Students can apply for federal grants by filling out the FAFSA form that can be found here.

Grants can also come through other government agencies such as Department of Workforce Services, State Offices of Rehabilitation, and Veteran’s Affairs Office of Education and Employment. Funds that come from these agencies are typically reserved for persons with disabilities or some other hardship that would otherwise prevent them from attending school and finding meaningful employment. Funding for tuition through these avenues would need to be obtained via working with a vocational counselor at each specific agency. 

Scholarships: This type of financial aid does not have to be repaid, and is awarded to students based on various things. Scholarships can be given for just about anything, as long as there is a supporting person, group, or company that is awarding the funds. For example, our scholarship, the Honors Graduation Build A Better Future Scholarship is awarded to five outstanding high school seniors who design, plan, and execute a project that betters their community. Other scholarships are awarded for athletic prowess, while others are given for academic achievement. Others are awarded for writing an essay about why the number “5” is the best number, having red hair, writing an essay telling which superhero you’d want to change places with for a day and why, creating an award-winning greeting card design, or even writing an essay that makes the judges laugh. Simply put, there are scholarships for every kind of person out there— you just have to be willing to put in the work to find it!

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If college seems out of reach for you because of your financial situation, you may be pleasantly surprised to discover that you qualify for PELL grants, loans, or obscure scholarships. If you are truly committed to making college your reality, don’t be afraid to put in some work and make it happen! You won’t regret it, and the experiences you have and the things you learn will shape you into an amazing person who will do amazing things!  

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Preparing Today’s Youth for Adulthood

The other day, I was taking a much needed break, mindlessly scrolling through Facebook, and stopped when I saw a meme one of my good friends had posted. I chuckled as I read the meme: “I’m glad I learned about parallelograms in high school instead of how to do my taxes. It comes in handy during parallelogram season.” 

It’s funny because it’s true— I remember sitting in some of my high school classes thinking about how I would likely never use some of the things I was being taught. I honestly don’t remember the last time I had to use the quadratic formula or had to recall the steps/process of photosynthesis. Unless you enter a career field that will use those specific skills and bits of knowledge, you likely won’t use them much in your adult life (or at least until your kids come home from school needing help on their homework!). 

When I was in high school, the requirements to graduate didn’t include any kind of class that taught life skills type of content. You know, the stuff that you use on a fairly regular basis as an adult— budgeting, retirement/savings plans, household tasks like cooking, cleaning, and laundry, basic car maintenance, simple household fixes, basic sewing, and so on. Had my parents not done a pretty good job teaching me these skills, I would have been pretty lost when I moved out on my own. While a good majority of high school students have a parent or guardian they can turn to with life skills questions, many do not. What if, rather than expecting kids to just suddenly know how to be an adult and take care of adult responsibilities, we teach them how to do this and require them to take a class covering these skills prior to graduating?

I know there are many elective courses students can take that teach them these basic life skills. But they are just that— elective. Not every student is going to choose to take a sewing or cooking class. Not every student will want to sit through a financial literacy course. However, I am certain that if they were required to do so, they would come out on the other side more equipped to enter the adult world and carry adult-level responsibilities. 

There are many students who would greatly benefit from a course like this. It would provide an excellent opportunity for kids to get hands-on experience with the skills necessary for adult life while still under the care of an experienced adult, and would also give them the chance to make mistakes and learn from them before the cost of said mistakes is higher. 

I am sure there are already high schools out there who are integrating some kind of adult-readiness courses, and that’s amazing! It would be even more amazing if all schools nation wide would see the value of such a course and would add it to the list of required courses prior to graduation. Besides, I think it would be a fun class to take— and teach!

When we equip the next generation with the tools they will need in life, they will enter the adult world more confident, more knowledgeable, and more prepared to take on the responsibilities that come with being an adult, and that’s something that we can all benefit from. Knowledge is power, so let’s do our best to arm our students with the knowledge they need to succeed!

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Introducing Brooklyn Conrad: A 2022 Scholarship Winner

This is part of a series of blog posts introducing you to our 2022 Build A Better Future scholarship recipients and their projects. We hope you will find their stories as inspiring as we do! For information on our scholarship, click here.

Up next on our scholarship winner docket is Brooklyn Conrad! Brooklyn has been a member of her local 4-H since the fourth grade, which provided her with countless service opportunities. Some of those opportunities included gathering donations for her community food shelf. She began noticing that most of the food being donated was highly processed and it opened her eyes to the lack of fresh and healthy foods available to those in need.

And thus, the “Feeding Growing Minds for a Healthy Future” campaign was born.

Brooklyn began meeting with local and county government officials, stakeholders, and community members and explaining the importance of making healthier food choices available to those in need. Through her own research, she learned how to make garden beds from IBC totes and wire cattle fencing. With the help of master gardeners and the food shelf coordinators, she received instruction on what produce was most in-demand and which plants would be best for her garden.

In May of 2021, she was ready to get to work. Brooklyn was able to use her 4-H connection to assemble a group of volunteers and together, they planted a variety of vegetables. She watered the garden throughout the summer, and by July, there were vegetables ready to be harvested and donated to the food shelf. She continued nurturing her project and at the time of her application in May of this year, they had already prepped and planted the gardens for another season of fresh produce.

By partnering with her 4-H chapter, she made certain that her food shelf will continue to receive healthier food alternatives. She has been teaching current 4-H members how to maintain the garden and she connected them with a master gardener for additional expertise. Moving forward, Brooklyn hopes to share her project with other counties and is actively gathering resources and materials to help them start their own food shelf gardens. She also wants to set up a system where community members can donate extra produce from their own gardens to local food shelves, ensuring that an even greater variety of fresh fruits and vegetables are going to those who need them instead of going to waste.

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Introducing Mia Gregory: A 2022 Scholarship Winner

This is part of a series of blog posts introducing you to our 2022 Build A Better Future scholarship recipients and their projects. We hope you will find their stories as inspiring as we do! For information on our scholarship, click here.

It’s time to introduce another scholarship awardee! When Mia Gregory was in the 8th grade, she really began noticing the homeless community in her neighborhood. Instead of feeling sorry for them, she decided to take action. She explained the motivation behind her project as follows:

“I knew that I could never solve homelessness directly, but to me, it was more about making them feel loved despite their hard situations. I didn’t like the awkwardness of turning your head from them as if they weren’t human. I wanted them to know that I saw them and that they deserved care.”

And love them she did.

Pass It On bags became Mia’s way to serve the displaced people in her area. Each bag contains food, water, hygiene products, socks, and a pamphlet to connect them to a church organization that provides shelter for the homeless. All throughout high school, she kept a bag or two in her car to hand out to those who needed them. She wrote down her thoughts and feelings about what she was seeing and shared it with her peers. Her words encouraged others to donate supplies and many decided to keep bags of their own to pass out.

Mia has also started connecting with local churches and organizations to raise more awareness for her project; ensuring that bags are still being created and shared after she leaves for school. She is hoping that once word gets out, more donations will come in and more people will be inspired to pass out bags and interact with those who are so often ignored. She will be attending Lipscomb University and is already researching the area and brainstorming ways to network with the university’s mission program to establish Pass It On bags within the Nashville community.

“It’s time to take action, love them anyway, and pass it on.”

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Introducing Michael Wilson: A 2022 Scholarship Winner

This is part of a series of blog posts introducing you to our 2022 Build A Better Future scholarship recipients and their projects. We hope you will find their stories as inspiring as we do! For information on our scholarship, click here.

The next scholarship recipient that I want to share with you is Michael Wilson and his work in establishing a local chapter of the Arizona Old Time Fiddler’s Association. As someone who was homeschooled, he often participated in “real life projects” as part of the curriculum. These projects included providing manual labor for his elderly neighbors, performing with his family’s band at senior care facilities (Michael is an accomplished vocalist and mandolin player), and working with kids in an after school program.

It didn’t take long for Michael to notice that there were two major problems in his community. The first issue was the isolation of seniors. Many residents were limited to their nursing homes and never received visitors. Even outside the nursing homes, many of the seniors were homebound and living alone. The lack of visitors was made worse during the pandemic and let to a steep decline in the quality of life for the elderly. The second issue was that many of the children were coming from foster care and otherwise broken homes, which limited their access to positive role models. Michael realized there was a way to hit both birds with one stone: music. Once he found the mission statement of the Arizona Old Time Fiddler’s Association, he knew it was exactly what his community needed:

“The Arizona Old Time Fiddler’s Association is a non-profit organization whose objective is to preserve, promote and perpetuate the art of old time fiddling, to encourage all people, young and old, to develop their musical talents and afford them opportunities to perform in public, to hold jam sessions and other musical events, for the members’ own enjoyment and to educate the public on the values of old time fiddling. And to brighten and improve the lives of “shut-ins” and other needy people, by furnishing musical entertainment and performing other charitable, civic and community services.”

He immediately got to work establishing the Payson chapter of the AOTFA. He ran booths at community events and promoted the project on the radio in order to recruit members and meet the requirements to become a chapter. A local pastor provided a building for the weekly jam sessions–although the sessions were moved outside during the pandemic–and local musicians helped lead the sessions, as well as supplying instruments and music selections. He even incorporated a potluck into the sessions so others could contribute even if they weren’t interested in playing music.

Michael had two goals going into this project: to renew a sense of purpose and inclusion for the elderly and providing structure and guidance to the younger members of the community. In addition, all ages were able to experience learning and improving new skills to increase their self-esteem and instill a sense of pride. The generational gap was bridged and lasting relationships were formed. But don’t take my word for it; the pictures speak for themselves.

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And The Award(s) Go To…

Going into this scholarship season, I knew that narrowing down the list of scholarship applicants to the five awardees would be difficult but I couldn’t have prepared myself for just how challenging it turned out to be. The levels of passion and selflessness reflected in the Design A Better Future projects that were submitted had me wishing I could award 16 scholarships, but alas, I slowly had to whittle the list down to five. There were many projects that got me thinking about my own interactions within my community and there were others that opened my eyes to issues I wouldn’t normally encounter in my day-to-day routine.

“The greatness of a community is most accurately measured by the compassionate actions of its members.”

Coretta Scot King

The scholarship was founded in the 2012-2013 school year as a way to show Honors Graduation’s support for our future leaders. Using the design thinking cycle, high school seniors created a project designed to improve their community. Work included a proposal, artifact/prototype, and final reflection. A $10,000 scholarship is awarded to the top five applicants toward their college tuition, with an additional $5,000 grant awarded to the top recipient to fund their project.

I will follow up with individual posts that dive into the details of the winning submissions soon, but without further ado, I am so excited to introduce you to the 2022 Design A Better Future Scholarship awardees:

  • Shoshana Folic: Wishing’ U Well (Shoshana is our top recipient and will receive an additional $5,000 grant to continue funding her project).
  • Mia Gregory: Pass It On Bags
  • Brooklyn Conrad: Feeding Growing Minds For A Healthy Future
  • Michael Wilson: Rim Country Chapter of the Arizona Old Time Fiddler’s Association
  • Christian Duckworth: Foldable Dome Homes

A hugely heartfelt thank you to all who took the time to apply for our scholarship and for the work you have done and will continue to do within your community. I truly enjoyed reading each submission and being shown ways I can help my own community. I hope we all will strive to build up those around us, even if it’s just smiling at the people you pass on the street.

“The smallest act of kindness is worth more than the greatest intention.”

Oscar Wilde
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Scholar(ship)ly Advice: The Sequel

As the deadline for our scholarship draws near, I decided to reach out to winners from previous years to check in with them and see what advice they had to offer for this year’s applicants. For more information on our scholarship and how to apply, head here.

Ben Kim (2021)

Check out our 2021 post on the Design A Better Future project where Ben, Swetha, and Johnathan successfully developed a functioning keyboard for people diagnosed with Parkinson’s Disease and other neurodegenerative diseases.

Q: If you could give one piece of advice to this year’s applicants, what would it be?

A: I’d advise this year’s applicants that they should not be trying to force a project into their hands–rather, they should find genuine interest and purpose to lead them forward.

Q: What has been the best thing to come from your scholarship project?

A: The best thing to come from my project has been acquiring new engineering skills and knowledge and, perhaps just as importantly, spending time with my group and making memories together.

Q: A quick update on you! What are you up to? Are you still actively involved in your project?

A: I’m currently studying engineering at Princeton University, and I am not still actively involved in the project–however, it will always be special to me.

Find genuine interest and purpose to lead (you) forward.

Did you know you can apply for our scholarship as a group? Ben, Swetha, and Johnathan submitted their application together and they won together! They had close family members with Parkinson’s and they were able to use their experiences to come up with a project that they had genuine interest in, and they knew first-hand the difference their keyboard will make. For more information on exactly what we look for in a scholarship submission, I highly recommend this post.