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Central Scholarship to issue final $5,000 MONEY® Magazine Scholarship

Posted: 07.05.12


Central Scholarship and MONEY® Magazine partner on issue of financial literacy for students

Baltimore, Md. – July 5, 2012 – Central Scholarship and MONEY® Magazine will award the final MONEY® Magazine scholarship at Central Scholarship’s annual Student Awards Ceremony. Scholarship winners were selected from attendees at Central Scholarship’s College Cash event in March. To be considered, students had to write an essay regarding what they learned about financial literacy as well as strategies for improving future financial literacy programs.

Central Scholarship launched their first financial literacy program in 2010 after recognizing that many of their students lacked knowledge about basic financial principals. The College Cash event was aimed at helping students to have better control of their financial situations, from paying for college, to basic budgeting, to dealing with student loan repayment.

Central Scholarship and MONEY® Magazine partnered to give four scholarship awards to attendees that wrote essays detailing their experience at the event and what they felt they need to know about financial literacy. The essays provided Central Scholarship with a great deal of information about students and what students felt they were lacking regarding financial know-how. The first scholarship winner won a $500 scholarship, the second a $1,000 scholarship, the third a $1,500 award, and the final scholarship winner will receive a $5,000 scholarship.

“Our College Cash event was such a great opportunity for students to hear from financial experts and to be empowered by what they learned,” says Jan Wagner, President, Central Scholarship, “The student essays helped us to get a better understanding of what students feel they are missing when it comes to understanding money.”

The final, $5,000 scholarship will be awarded at Central Scholarship’s Student Awards Ceremony on July 12, 2012. The winner will be presented with a check at the event. For more information regarding the event, please contact Jessica Schmidt-Bonifant at 410-415-5558, 443-812-1655, or [email protected]. 

About Central Scholarship

Central Scholarship enables students to pursue education or training after high school through scholarship opportunities and interest-free loans that fund the gap after all other financial aid has been awarded. Established in 1924 and with more than $1 million in scholarships awarded annually, Central Scholarship screens student applications against dozens of scholarship opportunities according to criteria established by its donors. With a deep connection to its students and the local community, Central Scholarship’s uniqueness is in its approach: investing in the future of students, their families and the neighborhoods in which they live.

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Jessica Schmidt-Bonifant, Development Director

Office: 410-415-5558

Cell: 443-812-1655

[email protected]