Fremont Area Community Foundation announces the new Make Newaygo County Home Scholarship for adults who have recently finished their post-secondary education and plan to live and work in Newaygo County. Scholarship awards can be used for student loan repayment, down payment on a home, or other expenses.
The Make Newaygo County Home Scholarship will be for a maximum of $15,000, paid out on a quarterly basis over three years. The scholarship can be used toward the repayment of a student loan, moving expenses, a down payment on a house, or other expenses related to making this area home. It is intended for recent graduates or returning professionals who plan to live in Newaygo County. Recipients must also be employed locally or have a legitimate offer of employment in Newaygo County.
This new award is based on the idea of a “reverse scholarship.” Instead of being awarded at the start of someone’s post-secondary education, a reverse scholarship comes at the end and is often focused on helping graduates pay down their student loans. The concept is becoming more popular as communities look to retain and attract talent.
“We’re proud to award hundreds of scholarships each year to help local young adults get to college and career training,” said Shelly Kasprzycki, president and CEO of the Community Foundation. “But we also want to see more young adults choose to make Newaygo County their home after they’ve finished their education or training. We need their talents, energy, and perspectives here. We hope the Make Newaygo County Home Scholarship can help alleviate some of the challenges that come with starting out.”
Scholarship funds are limited and the application process is competitive. The application will remain open until funds are depleted.
For more information or to apply, contact Robin Cowles.
