Central Scholarship and Money Magazine educate on financial literacy and award scholarship
July 6, 2012
Most high school students have the basic mathematical capabilities to balance a checkbook, but few have actually done this in their life. Personal fiscal responsibility isn't taught in schools or graded on the SAT, but it can help students get into college nonetheless, especially if they're applying for certain scholarships.
A knowledge of financial literacy helped a number of attendees at Central Scholarships College Cash event last March. Students were asked to write an essay discussing their own understanding of financial literacy as well as methods to improve the nation's awareness and where a few of their own gaps lie.
From this group, three have already won scholarships and the fourth is soon to be announced. That lucky student will receive $5,000 in financial aid from the combined generosity of Central Scholarships and Money Magazine.
"The award is an extra motivation to continue networking and to always be informed," wrote the second winner, Ashley Banks, a graduate student at UMBC. "I was glad to see the turnout of high school students, undergraduates, parents and educators."
As Banks noted, the attendees weren't limited by age or education - instead all were interested in furthering their own financial literacy, improving others' and pursuing scholarship opportunities.
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