A local student was one of 50 Iowa high school seniors who earned a $1,000 scholarship for college through the 2022–2023 Iowa Financial Know-How Challenge: Senior Scholarship. The program is sponsored by ISL Education Lending, the name under which the nonprofit Iowa Student Loan Liquidity Corporation provides college funding programs. Joziphene Broomhall of Mount Vernon was a recipient of the scholarship.
Nearly 4,000 Iowa high school seniors registered for the scholarship from November 2022 through March 31, 2023. Of those, more than 1,000 completed two online financial literacy tools to be included in monthly drawings for the 50 college scholarships.
“This program has allowed us to help Iowa students directly with more than $500,000 in college costs over the past decade,” said Christine Hensley, board chair for ISL. “But, more importantly, the knowledge gained through qualifying for the scholarship has helped thousands of high school seniors understand how they can reduce the need to take on student loan debt to pay for their college educations.”
Participating students completed Student Loan Game Plan and the Return on College Investment tool, both of which are always available to the public at www.IowaStudentLoan.org. The tools help students create strategies to reduce college debt and maximize the financial returns of an investment in higher education.
“This program brings our free online tools to the attention of many high school seniors,” said Steve McCullough, president and CEO of ISL. “The students can use them to develop a financially sound plan to pay for college, with an amount of debt that can be reasonably repaid.”
Scholarship funds are sent directly to each recipient’s college in time for fall expenses.
Families interested in future award programs from ISL Education Lending should watch for details at www.IowaStudentLoan.org/Scholarships.