Scholarships Will Help 448 Indiana Residents Pay for College INDIANAPOLIS, Aug. 12
INDIANAPOLIS, Aug. 12 /PRNewswire/ -- USA Funds(R), the nation's leading
education loan guarantor, announces the award of $668,250 in scholarships to
help 448 low-to-moderate-income Indiana residents pursue higher education.
USA Funds awarded $309,000 in scholarships to 206 first-time recipients of
USA Funds Access to Education Scholarships(R) in Indiana for the 2008-2009
academic year. In addition, USA Funds awarded $359,250 in renewal scholarships
to 242 Indiana residents who previously had received awards under the program.
"As the cost of college continues to rise, these awards can make a real
difference in helping students pursue higher education," said Carl C.
Dalstrom, USA Funds president and CEO. "During the past seven years, USA
Funds' national scholarship program has awarded more than $50 million in
scholarships to more than 15,000 students nationwide."
To qualify for the scholarships, students must come from households with
annual incomes of $35,000 or less. Full-time and half-time undergraduate
students, as well as full-time graduate and professional students, are
eligible for $1,500 scholarships. Although students from all ethnic
backgrounds may receive the awards, the program gives special consideration to
students who are members of ethnic minority groups and those who are
physically disabled.
For a list of first-time USA Funds Access to Education Scholarship
recipients for 2008-2009, visit www.usafunds.org/scholarship.
Headquartered in Indianapolis, USA Funds is a nonprofit corporation that
works to enhance postsecondary education preparedness, access and success by
providing and supporting financial and other valued services. During the year
ending Sept. 30, 2007, USA Funds guaranteed education loans totaling $25.8
billion for students and parents throughout the nation. USA Funds serves as
the designated guarantor of federal education loans in eight states: Arizona,
Hawaii and the Pacific Islands, Indiana, Kansas, Maryland, Mississippi, Nevada
and Wyoming. USA Funds also invests $16.3 million annually in scholarships and
outreach programs that advance its mission of support to higher education. For
more information about USA Funds, visit www.usafunds.org .
SOURCE USA Funds
