Chicago – Sept. 25, 2017 – As the cost of education continues to rise, tuition can take a heavy economic toll on students and their families. To ease this burden, OppU, a financial literacy site, created the OppU Achievers Scholarship.
The OppU Achievers Scholarship awards four $2,500 scholarships each year to students who have demonstrated outstanding academic and personal success. Submissions are accepted year-round and scholarship recipients are selected quarterly. To apply, students write a short essay and submit it through the scholarship’s web portal.
OppU structured the scholarship program to accommodate the wide range of students seeking higher learning today. Recognizing that 37 percent of students are not in school full time, OppU opened the scholarship to applicants with part-time enrollment. And because more than a quarter of students are between 22 and 29 years old – and another 20 percent are 30 or older – OppU did not set a maximum age limit. The scholarship is open to seniors in high school, college students, and those attending graduate, professional, or trade school.
“We believe that education drives success, and we want to help remove financial barriers that might prevent students from reaching their goals,” said Jared Kaplan, CEO of OppLoans, the Chicago-based financial firm that developed OppU. “The OppU Achievers Scholarship celebrates students who have created opportunity for both themselves and others.”
The OppU Achievers Scholarship has honored four students to date. Recipients include a student at Chapman University who secured funding for 90 percent of her education costs, a first-generation college student working to become a clinical lab technician, a young entrepreneur and dean’s list honoree just beginning his freshman year at UC Berkeley, and a media studies major who overcame periods of homelessness to gain admission to one of the nation’s leading historically black colleges.
Students who receive the scholarship are provided with a $2,500 credit to their tuition account at school. The scholarship submission periods close quarterly—on September 30, December 31, March 31, and June 30. The current cycle will end on September 30, and a winner will be announced in mid-October.
About OppU and OppLoans
OppU is a free financial literacy site that teaches money management through interactive videos, cumulative quizzes, and more. It is available to the public at OppLoans.com/mooc. The standards-based curriculum was created by OppLoans, a socially responsible online lender that provides safer, more affordable borrowing options to the underbanked. One of the highest-rated online lenders in the industry, OppLoans offers free financial education to its customers and reports their on-time payments to help improve their credit scores. Through its OppU Achievers Scholarship, OppLoans donates $10,000 annually to students who have demonstrated outstanding drive and achievement.