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Encouraging A Better Approach to Student Debt

Encouraging A Better Approach to Student Debt

Posted: 05.12.15

Person holding a rolled-up newspaper
On the heels of our “Managing Student Loan Debt” seminars last month, CS Vice President Michele Waxman-Johnson penned an op-ed in The Frederick News-Post detailing the options available to those burdened with student loan debt.  In “Encouraging A Better Approach to Student Debt,” she points to the massive $1.3 million student loan debt borrowed by 40 million Americans and offers loan solutions such as loan repayment and forgiveness programs.  To learn more, click here to read the article.

Spring College Cash Recap

Posted: 05.05.15

Students in attendance at College Cash Seminar
Central Scholarship’s College Cash series covers a range of topics including Finding Money for College, Managing Student Loans, and What Parents Need to Know. Our April seminars cover Managing Student Loans and are free and open to the public. Central Scholarship Vice President, Michele Waxman-Johnson, presented to a crowd of two hundred guests between the two evenings in April. Spring sessions on Managing Student Loans were held April 23rd at the University of Baltimore, and April 27th at The Hotel at Arundel Preserve.

To see April College Cash photos on our facebook page, take a look here. Students who attended are eligible for one of several College Cash scholarships. Winners will be announced on social media in the spring and summer. To read about previous College Cash recipients, check out 2014 winners, Brett, Jyna, and Glen.

Within the student loan seminar, topics covered included You Are Not Alone, The Tangled Maze, Know Your Loans, Where to Find Relief, and Repayment Tips. Attendees included high school students, undergraduates, graduate and professional students, and parents. Thank you to our generous sponsors: BB&T, the University of Baltimore, and The Hotel at Arundel Preserve.

Free April Seminars: Managing Student Loans

Posted: 03.17.15

College Cash - Find It, Get It, Manage It logo
Join us on April 23rd in Baltimore or April 27th in Hanover for COLLEGE CASH: Managing Student Loans, a free seminar for college students and graduates. In April, we will help students understand their loan repayments and share resources about loan forgiveness programs. Registration begins at 5:30 pm and the program is from 6 pm to 8 pm. Refreshments and snacks are provided.  Thank you to our generous sponsors, BB&T, University of Baltimore, and The Hotel at Arundel Preserve, for making our April events possible.  To download a flyer for the event, click here.

All attendees will be eligible for exclusive College Cash scholarships of up to $5,000. Did you know that your chances of receiving a scholarship through our general application is one in 2,500? Your chances of receiving a College Cash scholarship by attending our seminar is ONE IN 25.

Seminar includes:
1. You Are Not Alone
2. Understand What You Owe
3. Relief and LARP Programs

Thursday, April 23, 2015
University of Baltimore, Learning Commons, 1415 Maryland Avenue, Baltimore, MD 21201
6 – 8 pm (registration begins at 5:30 pm)
Register here for the April 23rd session

Monday, April 27, 2015
The Hotel at Arundel Preserve, 7795 Arundel Mills Blvd, Hanover, MD 21076
6 – 8 pm (registration begins at 5:30 pm)
Register here for the April 27th session

This event is open to the public and FREE. You may bring guests but must register their names. Space is limited. College Cash seminars seek to educate the community free of charge about financial literacy topics in relation to higher education.

February College Cash Events

Posted: 02.01.15

Piggy Bank with coins stacked on top
Every year, Central Scholarship offers free College Cash seminars to the community.  At our Finding Money for College sessions offered this month, students and parents will learn how to find scholarships, compare financial aid letters, reduce tuition cost, maximize aid, and how to write an effective essay.  Join us this month as we host two College Cash seminars sponsored by BB&T and the Hotel at Arundel Preserve.  On February 4, we will host Finding Money for College at the Enoch Pratt Free library in Baltimore City.  To register and attend our Baltimore session, please click here.  On February 23rd, we will host the same seminar about Finding Money for College in Hanover at the Hotel at Arundel Preserve.  To register for the Hanover session, please click here.

Vice President Calls for Cost Transparency in The Baltimore Sun

Posted: 01.13.15

Baltimore Sun Op-Ed by Michele Waxman Johnson
Central Scholarship’s Vice President, Michele Johnson, penned an op-ed in today’s Baltimore Sun pushing for cost transparency in higher education.  She calls for legislation mandating updated and easy-to-use cost calculators for all schools.  Michele Johnson writes, “We were delighted to learn that a federal bi-partisan bill proposing a Net Price Calculator Improvement Act of 2014 was introduced in the House of Representatives by Maryland U.S. Rep. Elijah Cummings and in the Senate by Minnesota Sen. Al Franken. The intent of this bill was to simplify net price calculators and require current and consistent data in a user friendly format in the appropriate location on the school website with no broken links. Pretty much a “no-brainer.” While the House of Representatives bill passed as part of the larger Strengthening Transparency in Higher Education Act, the Senate bill failed and must be reintroduced in 2015.

With the 114th Congress now in session, we hope that Senator Franken will reintroduce, and the Senate will pass, this bi-partisan bill. However, should this federal legislation not become a reality any time soon, we urge the Maryland General Assembly and incoming Gov. Larry Hogan to again take the lead in the interest of transparency for Maryland students and families and support such a bill here in Maryland. As Maryland led in 2014 with the Financial Aid Shopping Sheet statewide legislation, let’s see Maryland lead again, strengthening the net price calculator requirements.”

The entire op-ed can be read here:

Wes Moore Helps Baltimore

Posted: 11.20.14

Central Scholarship Board Chair Ira Wagner, BridgeEdU student Kristen, and author Wes Moore

Wes Moore stopped by the office today to speak to Central Scholarship board and staff about his work with Baltimore City students.  Wes lives in Baltimore and originally gained notoriety through The Other Wes Moore, published in 2010, a true story of another Wes Moore that grew up nearby but met a dramatically different fate.  Moore is a bestselling author, Rhodes Scholar, Army combat veteran, and executive producer and host of both Beyond Belief on the Oprah Winfrey Network and the American Graduate Initiative, a platform focusing on reforms happening in the global educational landscape on PBS.  Recently, President Obama nominated him to serve as a Board Member for the Corporation for National and Community Service (CNCS).

Wes (pictured above with BridgeEdU student Kristen and Central Scholarship board chair Ira Wagner) shared information about BridgeEdU – a program he founded which helps Baltimore City students in their first year of college at University of Baltimore.  BridgeEdU supports a cohort of students at the University of Baltimore through service experiences, professional internships, a family mentality, and an “entrepreneurial approach to college and career planning.”  The first cohort of students began their journey this year and Kristen shared her positive experience with our board and staff.  By founding BridgeEdU, Wes and his team have created a supportive program that could be the missing piece of the puzzle for Baltimore City students.

CS featured in Jewish Times, “Still Going Strong at 90”

Posted: 10.28.14

Did you catch us in the Jewish Times this month?  Pick up your copy and read about our history. Did you know we started in 1924 as an organization that funded orphaned Jewish boys attending vocational school? We’re proud to celebrate helping Maryland students for 90 years!  Read the article here and join us on November 8th to celebrate our 90th anniversary in Baltimore for a fun evening reception and show by our performing arts students.

Central Scholarship Named 2014 “Top Rated Non Profit”

Posted: 10.22.14

Great Nonprofits 2014 Top-Rated Award Badge

For the fifth year in a row, Central Scholarship has been named a “Top Rated Non Profit” in the country. Thank you to the wonderful students who have taken time to write reviews about the work we do at Central Scholarship.  As a result of our students’ testimonies, we are in the top five most rated nonprofits in Maryland, and the most rated education non profit in the state.

Brandon Maryland, a student at the University of Maryland, writes, “Central Scholarship is a blessing to so many. I have learned this first hand by being the recipient of a very generous scholarship from CS. CS helped me beat the odds of falling prey to the negatives of inner city Baltimore, by providing financial support for me to explore the realms of academics in college. I can credit my recent admission into Towson University’s nursing program to the folks at CS. Central Scholarship recognized potential in me but also gave me a standard to strive for academically, sending me on a trajectory towards success.”

CS awards over $1 mil to 2014 scholars

Posted: 08.12.14

Central Scholarship recipients at the 2014 Student Awards Ceremony
Congratulations to this year’s scholarship recipients!  We celebrated our new scholars with a packed house reception at the Vollmer Visitor Center inside of the Cylburn Arboretum.  Click here to see a list of all 2014 scholarship recipients.

Our student speaker this year, Shaquil Timmons, shared his story of growing up around friends and adults who did not expect him to be successful because of his background.  Nonetheless, he graduated from Woodlawn High School, and then Stevenson University this past spring and launched an entertainment company.  We were also thrilled that Senator Barbara Mikulski delivered a letter to be read at the awards ceremony congratulating Central Scholarship students.  She writes, “Congratulations to all of this evening’s scholarship winners.  You have prevailed over many other candidates for this award and have worked long and hard to earn this coveted distinction.  What a stunning affirmation to your commitment to academic excellence and motivation to succeed.  Enjoy your place in the spotlight.  I know your family and friends are very proud of you and so am I.”

We also heard keynote Danielle DiFerdinando speak about heading a successful handbag company at the young age of twenty seven.  Danielle spoke of her rise from Ellicott City, Maryland to New York City where she is currently running Danielle Nicole, a company that has received national attention from celebrities like Rachel Zoe and Oprah.  At the conclusion of the ceremony, we surprised Brett Libowitz with the grand prize College Cash scholarship sponsored by Howard County General Hospital.  Brett wrote an exemplary essay about what he learned from our College Cash seminar in January.

We are thrilled to award scholarships to students in our 90th year of service to the community.  We thank our students for being hardworking achievers and we thank our loyal donors for their continued generous support.

Senator Ben Cardin Visits Central Scholarship

Posted: 03.25.14

Senator Ben Cardin with Central Scholarship President Jan Wagner and several Board members

Senator Ben Cardin joined Central Scholarship board, staff, and students this month to discuss higher education in Maryland and the nation.  The senator and his wife, Myrna Cardin, joined us for “Bagels with Ben” in our office to engage in a conversation about how we can work with the government to help Maryland students succeed.  Several scholarship recipients were present and voiced their opinions about large loan amounts, financial aid issues, and the price of college.  Pictured in the photo from left to right: Peggy Heller, Board of Directors, Michael Ward, Board of Directors Chair, Senator Ben Cardin, Russ Causey, Board of Directors, Jan Wagner, Central Scholarship President, and Larry Kamanitz, Board of Directors.  To view more photos, view our facebook album.