It’s Not Too Late (INTL) Scholarship is dedicated to provide educational financial planning and last-minute financial assistance to college students who must access the federal student loan program to complete their education. As an alternative solution to the student loans, INTL scholarships are typically offered during registration when most traditional grants and scholarship opportunities have been exhausted. We realize that while every student deserves an education, attaining that goal is not always easy. The financial challenges facing a student could be the one reason he or she loses their opportunity for obtaining an advanced degree. We also offer financial workshops to students along with partnering sponsors to help students to become fiscally responsible and educated on financing their own education. Our workshops are intended to help students prevent from incurring debt from student loans and seeking alternative solutions to pay for their education.
INTL Scholarship began awarding scholarships to students in the fall semester of 2009 and was solely funded by Bethune-Cookman University graduates Joseph & Theresa Flanders. A matching gift fund from Anheuser-Busch InBev helped the Flanders in their endeavor to begin serving our students, investing in their future, and paying it forward. Since that time, INTL Scholarship has awarded more than $80,000 in scholarships to deserving students.
According to a recent report by the New York Federal Reserve Bank, college graduates carry an average of $29,000 worth of debt. In a study of 1,057 colleges, average debt per graduate ranged from $3,000 to $55,250. At 114 colleges, graduates had an average debt above $35,000, while 64 colleges said that more than 90% of seniors graduate with debt.
It’s because of this debt that INTL Scholarship will provide alternative funding to college students before they seek student loans. The amount awarded each semester varies based upon the available funds and the students need.
In response to the nationwide college debt crisis, we provide, financial education workshops, assistance with tuition, room and board, and other approved educational expenses. We hope to expand our Service, Invest, and Forward mantra to other colleges and universities in the U.S.
Dr. Mary McCleod Bethune said in her last will and testament: I leave you finally a responsibility to our young people. As graduates of Bethune-Cookman University, INTL Scholarship seeks to serve as a source of encouragement to aspire today’s students to greatness. Our hope is that no one is ever turned away from any college or university because of monetary restraints.