5 Reasons to Support Scholarship America on Giving Tuesday
Tomorrow, Scholarship America is joining thousands of other charities, businesses and individuals for #GivingTuesday, a day to celebrate generosity and to give back to the community. We’re committed to making postsecondary success possible for students, and we’re thrilled if you can join us in making that a reality for millions of students nationwide. Here are five reasons why your support on #GivingTuesday makes such a difference for students.
1. Student loan debt continues to rise.
Despite an economic upturn from the financial crisis several years ago, the Project on Student Debt just reported that 2013 college graduates had about the same amount of the debt as the previous class: an average of $28,400. As a nation, we’ve reached over $1.2 trillion in student loan debt, and that massive amount of debt hits students hard.
The cost of college continues to climb, which means student loans do, too. And, as we’ve covered before, student loan debt can negatively impact borrowers’ lives years after school. By graduating with less debt, more students can start and finish their degree.
By supporting scholarships, you’re helping to mitigate a student’s debt – and our national debt crisis.
2. Scholarships make a tangible difference.
Did you know that the number one reason that students cite for dropping out of college is the need to work long hours while attending school?
Think about all of the costs that go along with tuition and fees: transportation, textbooks, room and board, a meal plan and more. If you multiply that by four years, it’s understandable why a student feels like they have no choice but to drop out, even if they’re getting help from their college to cover tuition.
Rather than swimming in thousands of dollars in debt, a scholarship could be the ticket to keep a student on the path to graduation.
3. A college education – or lack of one – affects us all.
Here’s a fascinating stat: according to the Lumina Foundation, the number of jobs for Americans with a bachelor’s degree or more actually increased during the recession. But on the flipside, the U.S. lost 5.6 million jobs for workers with a high school education or less.
The types of jobs that students study for now – and the type of workers that the country needs – are becoming more skilled and specialized. And despite the increase in jobs for bachelor’s degree holders, Georgetown University’s Center on Education and the Workforce estimates that we’ll still be short by 5 million workers with a postsecondary education by 2020. Investing in postsecondary education now means a brighter future for us all.
4. We need a smarter America.
The benefits of higher education go beyond just financial wins. In addition to being more gainfully employed, graduates are more likely to be active citizens, lead healthier lifestyles, spend more time with their kids and give back to the community. All of these gains affect our families and communities. Support of scholarships can help a student obtain these successes in life and lead to a smarter, stronger nation.
5. Your gift affects future generations.
With a wide range of colleges and universities nationwide, it’s clear that postsecondary education isn’t a one-size-fits-all program. For some, college means attending a community college right after graduating from high school. For others, college means returning to school after a hiatus, balancing family and job obligations outside of the classroom. Postsecondary education can mean a lot of things to a lot of students. The beauty of helping students through a scholarship is that your gift will benefit students where they most need help.
A scholarship can immediately impact students, giving them a chance, or a second chance, to pursue their education. And the effects of that gift – investing in our future leaders – last a lifetime.