01.31.2023 RISLA
Did you know that nationally unused grant and aid money averages $________ per year? (Answer at end of post)
A. Over $1 Million
B. Over $50 Million
C. Over $2 Billion
Facts like the one above are important to know as you are making decisions about how to pay for college and continuing to manage financial decisions during and after your education has been completed. How important is your credit score? How will you budget to meet monthly expenses?
New this year, RISLA is introducing RISLA’s Knowledge for College Scholarship. This scholarship provides a chance for entrants to win a scholarship while in their senior year of high school or any year of college, including graduate school. Taking a monthly learning quiz (just 3 multiple choice questions) qualifies RI residents for entry into a monthly drawing for a $2,000 scholarship. Two winners will be drawn each month. (Click here for additional eligibility and terms).
3 Easy Steps...
- Register here!
- Read a brief financial literacy scenario and answer 3 questions
- Receive confirmation of entry
Don't Forget to Enter Every Month!
- Entering monthly increases your chance to win
- Additionally, there is a bonus drawing in May for any entrants who have submitted monthly (No skipping, must have entered each month to qualify for this bonus drawing – one qualifying entrant will receive $2,000.)
- New questions posted on the 1st of each month
One of our goals is to bring awareness to the importance of financial literacy. By participating in RISLA’s Knowledge for College Scholarship quizzes, you are provided information (that you may already know!) to help you build a sustainable financial strategy now and beyond your college years. Also, in addition to participating each month in RISLA’s knowledge for College Scholarship, be sure to check out: Top 5 Places to find Scholarships in RI.
Lastly, if you would like additional information or assistance on planning and paying for college, schedule an appointment at the College Planning Center and meet with one of our experts. We are here to help!
ANSWER: (C)
The high school class of 2017 left as much as $2.3 billion in free federal grant money for college on the table, according to a new analysis by NerdWallet. Free money went unclaimed due to students not completing or submitting the Free Application for Federal Student Aid, or FAFSA.
Source: nerdwallet.com/blog/loans/student-loans/missed-free-financial-aid/
