IHMVCU to award $29K in scholarships with $10K as top prize
QUAD CITIES, USA (01/16/18) – 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 $1.45 trillion in student loan debt. The average Class of 2016 college graduate has $37,172 in student loan debt, up six percent from 2015. Assuming another increase of six percent for 2017, we can expect that class’s average student to have over $39,000 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 $225,000 in scholarships for 232 students.
Additional awards include two $5,000 scholarships, eight $1,000 scholarships and three $500 scholarships totaling $29,500. Applications are due by 5 p.m. on Wed., Feb. 28.
Full details can be found at IHMVCU.org/Scholarships.
IHMVCU is 120,000 members strong and has $1.2B in assets, making us the largest credit union in the Quad Cities region, and the fifth-largest credit union in Illinois. Our growth is a direct result of the trust our members place in us and the advantages we provide to them. For more information, visit IHMVCU.org.
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