Scholarship Support for Students in the Face of Skyrocketing Debt

It has been found that sixty percent of college students in the United States take out student loans. The graduates leave their school with about $20,000 debt on an average even though college degree is very important for attaining success in career. Massachusetts Mutual Life Insurance Company (MassMutual) has declared that the application period for its MassMutual Scholars program is open for the students who are highly talented and have multicultural background with interest in career in the insurance and financial sector.

With this program, MassMutual will provide $150,000 in scholarships in total. The program will offer $5,000 scholarships to the students who are attending their four-year college degree and $2,500 scholarships to the ones who are attending two-year college degree.

Students of all majors are entitled such as Asian/Pacific Islander, African-American or Hispanic descent and who have attended school in the United States. The applicants also should fulfill some academic criteria such as upholding a 3.0 or better GPA, showing interest in financial services, making careers in insurance and revealing their financial requirement.

Mr. Clemons supports the students to take advantage of all the supplies available to them, part-time job, in-state tuition, federal funding and the availability of scholarships. This will help them complete school and get hold of a college degree. Besides this, in acknowledgment of the financial confronts that the fresh graduates and young professionals face, MassMutual came forth in the New Year with launching a Facebook-centric movement. This will help the millennial generation talk about student loan debt. The members were invited to discuss how they want to repay their student debt. In this, one participant will be given reward up to $20,000 to pay off the outstanding loan.

The Vice President of Community Responsibility at MassMutual, Nick Fyntrilakis has said that one amongst five families has student loan debt. MassMutual Scholars program helps provide financial support to the students who come from different background. Other than this, they also help them accomplish their dream of getting a college degree.

The MassMutual Scholars program is one amongst several programs that are a part of the company’s Community Responsibility agenda. It offers more than $7 million in charitable donations. Apart from national scholarships, the Career Pathways Program supports the qualified high school and college students through internships, scholarships and practical learning opportunities that are centered on careers in financial services. MassMutual has also offered more than $640 million in free term life insurance coverage to appropriate working families. This has been planned to protect the educational objectives of the children.

The time limit of the application for MassMutual Scholars Program is May 3, 2013, and the winners will be informed in the late summer.

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BNY Mellon John L. Bates Scholarship for Education Majors

The BNY Mellon John L. Bates Scholarship is designed to help education majors students pay for their college degrees. This scholarship is specifically reserved for people who have graduated from a high school in Massachusetts, but it can be used at any accredited college in the United States. If you are from Massachusetts and planning to pursue a degree in education, this could be a great opportunity for you. However, before you apply for this scholarship program, you should know a little more about the work it entails. Here is an overview of the award so you can determine if it is a good fit for you.

The BNY Mellon John L. Bates Scholarship at a Glance

  • Award Amount: Varies by year
  • Number of Awards: Varies by year
  • Minimum GPA: None
  • Minimum Test Scores: None
  • Eligible Applicants: Education majors who come from Massachusetts

BNY Mellon John L. Bates Scholarship Eligibility Requirements
To apply for the BNY Mellon John L. Bates Scholarship, you must be majoring in education. You will need to have graduated from a high school in Massachusetts or have lived in the state for at least two years. While there are no specified grades for this scholarship, your academic merit will play a role in your potential to receive an award. The better your grades are, the more likely you are to win.

BNY Mellon John L. Bates Scholarship Application Details
If you want to apply for the BNY Mellon John L. Bates Scholarship, you will need to turn in an application form to BNY Mellon. With that application, you will need to submit an official copy of your transcript/test scores, along with a statement about your plans to work in the education system after college. Your application will be compared to others and assessed based on academic performance, financial need, leadership abilities, and natural talents. If everything ends up working in your favor, you will soon have a lot of money to help you pay for your degree.