Let’s face it – going to college is expensive! The average debt for a college graduate is $29,900. But, did you know that over 1.7 million scholarships are awarded annually? Scholarships can cover tuition fees, housing expenses, textbooks, and other academic costs. Scholarships can be need-based or merit-based depending on the organization providing them.
There are thousands of scholarships available each year, with more being added all the time. In fact, the number of scholarships available has increased by 44% over the past decade. This means that there are more opportunities than ever before for students to receive financial aid for their education. But the National Association of Student Financial Aid Administrators reports that there is an estimated $1 billion worth of unclaimed scholarships every year!
If going to college in the fall is in your plan, don’t leave money on the table. Experts say that smaller scholarships offer much less competition than larger awards, so we recommend you start close to home. Members Trust is ready to help!
MTFCU Academic Scholarship
Your first step should be to complete the 2024 Members Trust Scholarship application. Members Trust will award $1,000 scholarships to four deserving students in 2024. If you are a high school senior or a college student enrolled in an undergrad program, don’t miss the chance to earn money toward your continuing education expenses! Download the 2024 application and view the eligibility requirements. Return your completed scholarship application to Members Trust on or before Monday, May 31, 2024, to be eligible for consideration. Scholarships are time-sensitive so do not wait or you may miss your chance!
Lastly, before you take this next step into adulting, get set up with all the financial tools you will need. Make sure to set up a savings, checking account, and credit card (with a small limit). We can help with all three. This will help build your credit history and you’ll learn good money management skills along the way. No matter where you go, we are always within reach via our mobile app and mobile deposit so it’s super easy and convenient.
Let Members Trust help make these next steps a little easier and more affordable!