Scholarship Roundtable
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Scholarship Roundtable
The Scholarship Roundtable offers students a hands-on approach to applying for scholarships in an organized, disciplined and encouraging environment. Each student will be assigned a team of education and finance professionals who will walk them through applying to college scholarship opportunities.
Scholarship applications and the process for completing them can be an overwhelming and intimidating process for both students and parents. Students who are at the point in their academic careers where they should be applying for college are juniors and seniors in high school. This means that they are carrying the load of many social activities such as proms, serving in clubs, sports and other extra curricular activities, maintaining grades and many other student related interests.
Financing education often falls on the parents who also have many obligations to juggle. In many cases, students progress through their first year of college and find that they can’t afford to continue. Others continue and graduate with staggering debt, which suppresses their ability to realize the fruit of their labor.
Our services will ensure that students identify with the financial investment required for acquiring a college education, give strong consideration to their desired career goals and select a college that compliments it, and design a map that is targeted at getting them through college with little to no debt.
Example:
University of Illinois at Urbana Champaign can have an annual in-state tuition cost of $31, 061/year including room and board; excluding books and meal plan.(1) That
equates to $124,244 for a 4-year undergraduate degree for a student who has a family income of $75,000 - $110,000. Assuming that the student receives a total of $22,000 ($5,500/year) in grants over the course of the college career will leave a balance of $102,244 to cover from other sources. If the student and family are left to borrow this money and can qualify at an interest rate of 6.8% with a repayment plan of 10 years scheduled to start within 1 year of graduating (no delays) the monthly payment will be $1,176.63.
The total interest paid over those 10 years will be $38,951.14 making the cumulative payments $141,195.14 2 . If the student and family are unable to qualify and/or afford those monthly payments, extending the loan term could help but it will cost you.
If the student can reduce the financial obligation by being awarded scholarships, also known as free money, the future of the student’s career will look much more rewarding.
Students are required to attend 2 in-person sessions. Volunteer Scholarship Roundtable assistants will design a preliminary schedule and gameplan, including 4 - 6 prep sessions, for students to prepare for launching their scholarship application journey.
This preparation includes the following:
- Strategizing a plan of action with their high-school counselor or college financial aid representative.
- Develop a scholarship application strategic plan.
- Develop personal statements and general essays.
- Develop student profile.
- Develop community service inventory.
- Design a funding plan.
They will also start a few scholarship applications during this time. After completing the 4 - 6 prep sessions, students will be required to meet with their assigned Scholarship Roundtable Assistant on our Essay and Scholarship Roundtable dates to meet the requirements of the scholarships that the student has selected in their scholarship application map and calendar.
We are currently accepting 25 students at http://royaldaughtersofgod.org/scholarship-roundtable
(1)http://money.cnn.com/tools/collegecost/collegecost.html
The Scholarship Roundtable offers students a hands-on approach to applying for scholarships in an organized, disciplined and encouraging environment. Each student will be assigned a team of education and finance professionals who will walk them through applying to college scholarship opportunities.
Scholarship applications and the process for completing them can be an overwhelming and intimidating process for both students and parents. Students who are at the point in their academic careers where they should be applying for college are juniors and seniors in high school. This means that they are carrying the load of many social activities such as proms, serving in clubs, sports and other extra curricular activities, maintaining grades and many other student related interests.
Financing education often falls on the parents who also have many obligations to juggle. In many cases, students progress through their first year of college and find that they can’t afford to continue. Others continue and graduate with staggering debt, which suppresses their ability to realize the fruit of their labor.
Our services will ensure that students identify with the financial investment required for acquiring a college education, give strong consideration to their desired career goals and select a college that compliments it, and design a map that is targeted at getting them through college with little to no debt.
Example:
University of Illinois at Urbana Champaign can have an annual in-state tuition cost of $31, 061/year including room and board; excluding books and meal plan.(1) That
equates to $124,244 for a 4-year undergraduate degree for a student who has a family income of $75,000 - $110,000. Assuming that the student receives a total of $22,000 ($5,500/year) in grants over the course of the college career will leave a balance of $102,244 to cover from other sources. If the student and family are left to borrow this money and can qualify at an interest rate of 6.8% with a repayment plan of 10 years scheduled to start within 1 year of graduating (no delays) the monthly payment will be $1,176.63.
The total interest paid over those 10 years will be $38,951.14 making the cumulative payments $141,195.14 2 . If the student and family are unable to qualify and/or afford those monthly payments, extending the loan term could help but it will cost you.
If the student can reduce the financial obligation by being awarded scholarships, also known as free money, the future of the student’s career will look much more rewarding.
Students are required to attend 2 in-person sessions. Volunteer Scholarship Roundtable assistants will design a preliminary schedule and gameplan, including 4 - 6 prep sessions, for students to prepare for launching their scholarship application journey.
This preparation includes the following:
- Strategizing a plan of action with their high-school counselor or college financial aid representative.
- Develop a scholarship application strategic plan.
- Develop personal statements and general essays.
- Develop student profile.
- Develop community service inventory.
- Design a funding plan.
They will also start a few scholarship applications during this time. After completing the 4 - 6 prep sessions, students will be required to meet with their assigned Scholarship Roundtable Assistant on our Essay and Scholarship Roundtable dates to meet the requirements of the scholarships that the student has selected in their scholarship application map and calendar.
We are currently accepting 25 students at http://royaldaughtersofgod.org/scholarship-roundtable
(1)http://money.cnn.com/tools/collegecost/collegecost.html
Organizer
Monica C. Harris
Organizer
Flossmoor, IL
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