TRI-CITIES, Wash. - Numerica Credit Union is offering two $2,500 scholarships for those who are battling student loan debt after their completion of an Associates, Bachelor's, or Master's degree.
As national student loan debt is reaching a historical high of nearly $1.6 trillion dollars according to the Federal Reserve, the member-owned credit union is offering the scholarship as a way to help relieve some of that burden.
"The burden of student loan debt is a common challenge amongst our members – often impacting their financial wellbeing or ability to take meaningful steps in life like purchasing a home or saving for retirement," said Kim Pearman-Gillman, senior vice president of corporate and community relations at Numerica. "We are committed to addressing this impact through financial counseling as well as this new and relevant scholarship."
Requirements for the student loan repayment scholarship include:
- Being a Numerica Credit Union member in good standing
- Completion of a degree
- Not having received one of Numerica's previous scholarships
- Must be a Federal Student loan
- Cannot be a Parent Plus loan
The full list of rules and application can be found the credit union's website. Applications are due by Nov. 30.
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