ArrowPointe announces new scholarships

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By The Staff

The average tuition in public two-year colleges increased by 4.2 percent and by 6.6 percent at public four-year colleges since last year, according to the College Board, a nonprofit organization of more than 5,200 educational institutions.

With the cost of tuition on the rise and student debt at an all-time high, ArrowPointe Federal Credit Union recognizes the need to help students reach their higher education goals.

ArrowPointe will present eight $500 scholarships to members who demonstrate exemplary character, work ethic, educational goals and credit union participation.

Scholarships will be categorized into six main components, which will be given equal consideration when scored by the selection committee. They are academics, extracurricular activities, leadership/member organizations and volunteer efforts, work experience and other, such as special awards, hobbies, career goals, and character.

Recipients may use scholarship funds for tuition, room and board, books and supplies at any accredited postsecondary institution – private or public, two or four years.

The scholarship is another example of credit unions' founding principle of people helping people. Credit unions are not for profit, not for charity, but for service.

"At ArrowPointe, we believe in helping our members create prosperous futures, and that is why we are excited to give back to the members we serve," said chief executive officer Tim Lyda.

Scholarship application and further details can be obtained at any ArrowPointe branch or by visiting www.ArrowPointe.org and clicking on "Scholarships."

Scholarship recipients must be a member of ArrowPointe for at least 90 days prior to the application deadline. ArrowPointe is open to the entire community.

Faxed or e-mailed applications will not be accepted.

Application deadline is April 1. Recipients will be notified by May 1.