The Center for Financial Empowerment (CFE) – has awarded a total of $15,000 to three college-bound high school seniors and two currently enrolled college students!
Founded by SCE Federal Credit Union in 2005, the CFE provides financial literacy education to high school youth and young adults. A secondary form of financial empowerment is through scholarships to disadvantaged students facing the rising cost of higher education. The 2017 scholarship recipients are all students who have demonstrated dedication to the communities in which they live, while expressing their desire to better these communities through their educational pursuits.
To identify students who displayed this community commitment, the CFE worked with other non-profit organizations including the Puente Learning Center, El Centro de Ayuda and Weingart YMCA in Boyle Heights, California, the Santa Anita YMCA in Monrovia, California, and the Uplift Foundation of Nevada based in Las Vegas.
“The goal of this scholarship program is to give an extra boost to underserved students who are involved in the community and have high career aspirations,” said Abby Ulm, CFE Manager. “This year’s recipients are pursuing a diverse selection of careers, including government and international relations, medicine, literature, and hospitality management. Each of our 2017 scholarship recipients has overcome great cultural and economic barriers to even attend college.”
According to the U.S. Department of Education, the average annual cost of public school has increased 6.5 percent each year over the last decade. By 2030, annual public tuition will be $44,047, making the total cost for a four-year degree more than $205,000.
College tuition is expensive, and these students are limited financially, but they show the passion, enthusiasm and determination needed to achieve success.
The 2017 Center for Financial Empowerment scholarship recipients each received $2,500:
- Samantha Luevanos (Los Angeles, California)
- Crystal Meza (Los Angeles, California)
- Alma Paz (Los Angeles, California)
- Daniela Rivas (Monrovia, California)
- Darayon Moore (Las Vegas, Nevada)
Alma Paz was also awarded the 2017 George Poitou Scholarship and received an additional $2,500 in college funding.
For more information about the Center for Financial Empowerment, we invite you to visit center4fe.org.