Did you know that the United Negro College Fund had a $10,000 scholarship to help Black students in the United States study at a University on the continent of Africa?
The Joseph A. Towles African Study Abroad Scholarship is named in memory of Dr. Joseph A. Towles, a black social anthropologist and specialist in the study of African cultures. Dr. Towles, a native of Virginia, earned his doctorate at the Makerere University in Kampala, Uganda.
This makes me wish I was still in school so I could apply for this scholarship. I’ve been to twenty countries on five continents but I’ve never had the pleasure of studying at a university abroad. There are only three more days to get your application in. Hurry. This is a great opportunity.
African American Study Abroad Scholarship
United Negro College Fund
Deadline to Apply: Nov. 3, 2017
Award Amount: up to $10,000
By providing financial assistance for UNCF students to study at an established university within the continent of Africa, The Joseph A. Towles Scholarship will allow students to receive an incredible academic experience and exposure to the rich traditions within African cultures.
Click here to visit the United Negro College Fund’s page.
Click photo to register
Have a high school grad that’s headed to college? Did you learn some financial lessons the hard way and prefer that your child not make the same mistakes? You’re in luck! This September financial education speaker and author Shay Olivarria is hosting a FREE (yes, that’s f-r-e-e) webinar to give college freshman a leg up.
Engage in this dynamic, fast-paced webinar with financial
education speaker and author Shay Olivarria. Participants will learn:
– Where to put financial aid money for best money management practices. – How to spend money, have fun, and be responsible.
– What accounts to open to build credit scores.
– Where to put your pennies to become wealthy.
– Pros and cons of available personal finance apps to leverage your current behaviors.
Shay Olivarria is the most dynamic financial education speaker working today. Previous clients include: SCE Credit Union, American Airlines Credit Union, the Yorba Linda Water District, Verizon, among others. She has written three books on personal finance, including Amazon Best Seller “Money Matters: The Get It Done in 1 Minute Workbook”. Shay has been quoted on Bankrate.com, FoxBusiness.com, NBC Latino and The Credit Union Times.The 2nd edition of “10 Things College Students Need to Know About Money” is available now.
To celebrate Financial Education Month Bigger Than Your Block will offer a free Facebook chat with high school seniors. Shay Olivarria the author of “10 Things College Students Need to Know About Money (2nd edition)” will be on hand. The one hour chat will allow students to ask any questions they have about personal finance including:
- Choosing a credit union.
- Opening a checking account.
- Opening an investment or retirement account.
- Accepting financial aid monies.
- Locating scholarships.
- Creating a spending plan for college.
- Anything else you can come up with!
Wednesday, April 5th 6pm PST
#BTYBChat for High School Seniors
Join the chat
Financial education speaker Shay Olivarria will be presenting two sessions of “Goal Boarding Your Financial Future” at Adelante Mujer Latina 2017. The 10am and 11am sessions will teach participants learn 5 vital personal finance concepts and help participants create an executable plan for reaching the financial goals she sets for herself.
The conference will take place at Pasadena City College in southern California.
Call (323) 596-1843 to talk with Shay Olivarria about setting up a financial education workshop for your group.
Shay Olivarria is the most dynamic financial education speaker working today. Previous clients include: the Yorba Linda Water District, Verizon, and Friends of Allensworth, among others. She has written three books on personal finance, including Amazon Best Seller “Money Matters: The Get It Done in 1 Minute Workbook”. Shay has been quoted on Bankrate.com, FoxBusiness.com, NBC Latino and The Credit Union Times.
If you’ve read “10 Things College Students Need to Know About Money” you know that I am a HUGE advocate of young people investing from retirement as soon as they have earned income. For many people that time is while in high school or college while you’re working part-time or eeking a living out of financial aid. Often, young people don’t know how to open an Individual Retirement Account (IRA) or don’t think they have enough money to open one (get my list of investment accounts you can open for less than $100 here).
The United States government is here to help with the new myRA (my retirement account, get it?). According to the U.S. Treasury, these accounts are:
- Easy to set up (you can have the money deducted from your payroll check if you wish)
- Designed to help people with little money or no access to a retirement plan from work.
- No risk of losing money (funds are invested in a Thrift Savings Plan-like account)
- The funds you invest are NOT tax-deductible but you also can take them out whenever you like without penalty.
The best part? There is no minimum amount required to start an account and according to Forbes, ” additional contributions only have a minimum of $5.” The goal is really to get you into the habit of investing when you are young and have few dollars. The return isn’t great (think 1% or 2% per year) compared to a regular traditional or Roth IRA or 401(k)/403(b) but starting now with a few dollars and little interest is better than not doing anything.
Fool.com also notes:
Account holders can contribute up to $5,500 per year ($6,500 if over 50) and may continue to contribute until their total account balance reaches $15,000. All funds are invested in a newly created Treasury bond
Once you’ve grown a nest egg big enough to open a traditional or Roth IRA, or you have a job that provides a 401(k) or 401(b) hopefully with matching, you can roll the money over into a new account.
Click here to find out more about myRA accounts.
I attended undergrad and grad school.
I started my company, Bigger Than Your Block, back in 2008.
I have traveled to 18 countries on 5 continents.
I was a foster kid that aged out of the system at 17 years old.
Fewer than 3% of foster kids earn a degree. I was one of the lucky ones. There shouldn’t be “lucky ones”. We have to do better.
I found this list of scholarships and grants for college students that are wards of the state. The Fostering Access to College Education (FACE) page has tons of good stuff.
First, eligible current and former foster youth may apply online for the Chafee Grant at www.chafee.csac.ca.gov. Grants are for eligible applicants ages 18-23 for up to $5,000 to assist with college tuition or job training. Youth must have been in foster care at or after the age of 16 to be eligible.
Other valuable sources for scholarship money are as follows:
Promises2Kids Guardian Scholars Program (www.promises2kids.org). The Program provides scholarships also up to $5000 per year to former foster youth enrolling in two and four-year colleges. Applicants should apply at the same time as their FAFSA filing (between Jan. 1 and Mar. 2).
Just in Time for Foster Youth: www.jitfosteryouth.org (approximate deadline is May 1–check website for updates). Its “College Bound” program provides laptops, printers, school supplies and/or dorm room/apartment furnishings for selected youth.
Fostering Opportunities Dollars for Scholars: www.mydollar.org (approximate deadline is July 1 for fall semester and October 1 for spring semester–check website for updates). A $500 grant per semester is available to former foster youth enrolling in San Diego colleges or universities.
San Diego Foundation (http://www.sdfoundation.org/GrantsScholarships/Scholarships/ForStudents.aspx) or call 619-814-1307. The San Diego Foundation is a clearinghouse for a large number of private scholarships, each with different sets of criteria. Scholarship applications may be filed online between Dec. 1 and February 9th (for first-time users). All application materials are due February 13, 2012 at 5 PM. Check the website for details.
Orphan Foundation of America (OFA): www.orphan.org (approximate deadline is Mar. 31–check website for updates). OFA serves foster teens throughout the country and provides college scholarships.
Gates Millennium Scholars Program: www.gmsp.org (early January deadline for outstanding African American, Native American, Hispanic American and Asian Pacific Islander American students)
Hispanic Scholarship Fund: www.hsf.net (for Latina/Latino students–deadlines vary)
UNCF: www.uncf.org (for African-American students–deadlines vary)
Finally, you may search the internet for other private scholarships by using a free Web–based search engine. Try www.fastweb.com or www.collegeboard.com/pay. You should never pay to find, apply, or receive a scholarship.
Do you remember when the hospital staff put that little bundle of new baby into your arms? Perhaps you met your child in an office somewhere or maybe it was a park. Regardless of how your child came into your life, I bet you promised yourself that you would make the best life you could for your child. A big part of making a good life for your child, means educating them about personal finance and setting their feet on the path to wealth. Here are six things you can do while your child is still young to help them do well.
#1 Open a savings account at a credit union
Credit unions have great customer service, lower loan rates, and are smaller than many banks. Opening an account a credit union allows the child to start developing a relationship with a financial institution and helps the child understand that money go into an account before one can swipe a card. Many credit unions also make an effort to reach out to youth, so they may offer incentives to open an account and yearly incentives to contribute more during Financial Literacy Month (April).
#2 Buy individual stocks for birthdays holidays
There are multiple sites where adults can buy individual stocks, complete with attractive stock certificates, for children. If the child is old enough, have them help by thinking about what products they use every day and why certain stocks might be a better investment than others. Place the stock certificates where they can view them often and bring it up in conversation.
#3 Encourage friends and family to contribute to a 529 plan
Most friends and family love to purchase new clothes or new toys for children. While any gift is certainly appreciated, a gift of $10 that could triple its value is much more helpful. Most 529 plans have a way for friends and family to put a few dollars in for milestones.
#4 Let the kid grocery shop with a spending plan and coupons
Kids see adults buying things all the time, but rarely do they understand why we choose one item over another. Including the child in grocery shopping helps the child to understand value over cost, that things do cost money, money is not infinite, and how money moves from a checking account to a vendor (through cash, check, debit card or credit card).
#5 Set limits at amusement parks
When you arrive at an amusement park, hand each child a specific amount and tell them that once they spend it, there will be no more money. As they spend, try to guide them by explaining the rationale behind each choice but do not force them to spend the way you want. If they run out of money and become upset, it’s a tough lesson to learn but would you rather have them learn this lesson at nine years old or twenty-nine year old?
#6 Sock the college fund in a Roth IRA
Investing for your child’s college education is good, but depending on where you put the money, the funds could count against the child with the financial aid office. A Roth IRA is a great place to park the money because it’s counted differently than other college investment plans, you can take out the principle with no fees whenever you want, and if there is money left over, that money can grow tax deferred until retirement. Talk with your fee-only financial advisor about this option.
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Shay Olivarria is the most dynamic financial education speaker working today. She speaks at high schools, colleges, and companies across the country. She has written three books on personal finance, including Amazon Best Seller “Money Matters: The Get It Done in 1 Minute Workbook”. Shay has been quoted on Bankrate.com, FoxBusiness.com, NBC Latino and The Credit Union Times, among others. To schedule Shay to speak at your event visit www.BiggerThanYourBlock.com.