SOURCE: CompareCards

CompareCards

December 17, 2014 12:19 ET

CompareCards Announces "EdU Scholarship Award" Program

Monthly Scholarship and Resources Help Students Manage College Debt

CHARLESTON, SC--(Marketwired - December 17, 2014) - In the United States, 70 percent of students graduate with loans and the national student debt is a staggering 1.1 trillion. CompareCards wants to help current and future students and their families manage college debt and set students up for financial success.

In order to assist with the rising cost of college, CompareCards, a credit card comparison site, has launched the EdU Scholarship Award program. CompareCards has also developed two education initiatives.

EdU Scholarship Award

Each month CompareCards will award $2,500 to any qualifying college (or college bound) student in need who can answer a tricky trivia question. Using their best pop culture and math skills, and probably a bit of help from Professor Google, students should be able to answer a series of questions to arrive at a final answer in no time!

After the submission deadline, CompareCards will gather all the correct answers and a tiebreaker question will be emailed, with a link to submit the answer. Students who submit the correct tiebreaker answer will be entered into a random drawing and one winner will be selected.

"We wanted to create an ongoing scholarship program that had a very low barrier for entry and wasn't so time intensive, as we know students are very busy with their studies and extracurricular activities," said Chris Mettler, founder of CompareCards.

20 Scholarships With Easy Applications (Infographic)

Did you know that as of 2013, the value of a Bachelor's degree is just short of $300,000 and will take someone with a bachelor's degree 10 years to recoup the cost? College grads in 1983 needed 23 years to recoup costs. The return on investment for a college education remains about 14-15 percent.

Even though college is still "worth it," 2013 college grads had an average of $35,200 in college-related debt. Students still need scholarships to help them offset some of those costs -- and the faster and easier they are to apply for, the better!

CompareCards put together an infographic, 20 College Scholarships with Easy Applications, to showcase information on scholarships with easy entry and tips for finding scholarships.

FinanceU

CompareCards FinanceU includes a set of resources and information that will assist students and their families in navigating the treacherous landscape of financing a college education. FinanceU will assist with planning ahead, evaluating the total cost of a college education, and understanding the return on investment.

The resources are as follows:

  • Financial Sense 101 - Start Planning for College Early - Learn how students and families can ease the financial pain and make smart choices before they start school to help make college more affordable and to set students up for financial success after graduation.
  • Financial Sense 201 - What To Do While You're In College - Most students will be faced with paying off college debt upon graduation. Learn how to make smart financial decisions while still in school to limit the financial burden after graduation.
  • Financial Sense 301 - After Graduation - Graduating college and moving into the real world is an exciting time, but also a time in which young adults have to make difficult decisions about their future. Learn how to implement good money management that will lay the foundation for a healthy financial future.

FinanceU Syllabus (Infographic)

Did you know that college enrollment rates have increased 15 percent over the past three decades? Early financial planning for college is essential.

CompareCards put together an infographic, FinanceU Syllabus, to provide students and their parents with a crash course on how to navigate the treacherous landscape of financing a college education.

More Information

  • Visit the College Credit Crisis Pinterest page to find all kinds of financial tips and resources for students in college.

About CompareCards.com:

CompareCards.com, was formed in 2005 as a listing resource, but has grown into one of the most trusted credit card comparison sites used today. Users are able to compare credit cards using a side-by-side comparison tool to find the best offer for them based on the factors that are important to each individual. CompareCards also offers customers additional resources and financial literacy information via their blog, CompareWallet and Education Center.

The following files are available for download:

Contact Information