IHMVCU to award $30K in scholarships with $10K as top prize

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January 08, 2019
QUAD CITIES, USA (1/7/19) – IHMVCU wants to help students reduce their student loan debt by offering a $10,000 scholarship to an undergraduate, graduate or vocational/technical school student who stands out in the classroom and stands up in their community.
 
According to Student Loan Hero, Americans own more than $1.48 trillion in student loan debt. The average Class of 2017 college graduate has $39,400 in student loan debt, up six percent from 2016. Assuming another increase of six percent for 2018, we can expect that class’s average student to have nearly $42,000 in debt.
 
“Scholarships are a worthy investment,” says Brian Laufenberg, IHMVCU President & CEO. “When we invest in a student’s education, it’s more than just a benefit for the student. It’s a benefit for the individuals who’ll be helped by them. It’s a benefit for the organizations that hire them. It’s a benefit for the communities where they’ll live.”
 
Since 1999, IHMVCU has invested nearly $300,000 in scholarships for 256 students.
 
Additional awards include three $5,000 scholarships, one $1,000 scholarships and eight $500 scholarships totaling $30,000. Applications are due by 5 p.m. on Fri., Mar. 1.
 
Full details can be found at IHMVCU.org/Scholarships.
 
About IHMVCU
IHMVCU is 125,000 members strong and has $1.2B in assets, making us the largest credit union in the Quad Cities region, and the fifth-largest credit union in Illinois. Our growth is a direct result of the trust our members place in us and the advantages we provide to them. For more information, visit IHMVCU.org.
Contact:
Chelsea Mentado, Marketing Specialist
(309) 793-6200

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