Table of Contents
Introduction
As we step into the fall of 2023, opportunities for educational advancement and financial support are flourishing. One such golden opportunity is the FALL 2023 Financial Literacy Scholarship, designed to empower high school students in Utah on their journey towards higher education and financial independence. In this blog post, we’ll guide you through the ins and outs of this scholarship, providing essential details to help you make a successful application.
Background
The FALL 2023 Financial Literacy Scholarship is a commendable initiative aimed at supporting high school students graduating in the classes of 2024 or 2025 from accredited Utah schools. The scholarship offers up to three recipients a $1,250 award, and one lucky applicant stands a chance to receive an additional $500 bonus, bringing the total to $1,750. The my529 organization generously contributes this bonus, enhancing the financial aid provided.
Eligibility Criteria
To be eligible for this scholarship, you must meet the following criteria:
- Be a high school student, graduating class of 2024 or 2025, at an accredited Utah school.
- Have successfully completed or currently be enrolled in the General Financial Literacy course.
- Not be a direct relative of the Utah Jump$tart Coalition Board of Directors or staff.
Scholarship Details
The scholarship is versatile and can be used for any field of study at an accredited Title IV fund-disbursing post-secondary institution. Eligible institutions can be found on the Utah Jump$tart website. The funds are not restricted to specific majors, allowing recipients to pursue their academic passions.
Application Process:
Here’s a step-by-step guide to the application process:
- Scholarship Application Form: Complete the online submission entry form on the Utah Jump$tart website here.
- Video Submission: Create a 60-second YouTube video addressing the question, “What are 3 important skills from your financial literacy class that will help you prepare for college and life after college?” Creativity is key, and an extra $500 is up for grabs for demonstrating knowledge of 529 college savings plans or Utah’s my529 college savings account.
- Short Answer: Write a few sentences providing positive feedback about your General Financial Literacy teacher and how they helped you master financial literacy concepts.
Important Dates
Make sure to mark these dates on your calendar:
- Deadline to Submit Application: 11:59 pm on December 31, 2023.
- Winner Notification: Winners will be announced by the second week of January 2023 on Utah Jump$tart’s Website, Instagram, LinkedIn, and Facebook pages. Winners will also be notified directly by email.
Tips for Applying
- Creativity Matters: Put effort into your video submission. Be creative, original, and engaging.
- Adhere to Guidelines: Ensure your video is within the 60-second limit, in English, and free from inappropriate content.
- Highlight Financial Literacy Skills: Clearly articulate how your financial literacy skills will benefit you in college and beyond.
- Express Gratitude: Use the short answer section to express appreciation for your General Financial Literacy teacher.
Scholarship Disbursement
Once you’ve secured the scholarship, follow these steps for disbursement:
- Provide proof of acceptance to an accredited Title IV fund-disbursing post-secondary institution.
- Prove enrollment in college courses at the admitted institution.
- Share your student ID number at the institution.
Conclusion
The FALL 2023 Financial Literacy Scholarship is a fantastic opportunity to not only receive financial aid but also showcase your financial literacy skills. Seize this chance to invest in your education and future. Best of luck with your application!
